Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh buying. September contract up 0.18% to Rs 252.65/kg. Positive spot market trend boosts prices.
New Delhi, Aug 5 (PTI) Aluminium prices on Tuesday rose 45 paise to Rs 252.65 per kilogram in the futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in September increased 45 paise or 0.18 per cent to Rs 252.65 per kg in 285 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
On the Multi Commodity Exchange, aluminium for delivery in September increased 45 paise or 0.18 per cent to Rs 252.65 per kg in 285 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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