Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets at MCX. August delivery up 0.12% to Rs 251.65/kg. Demand from industries supports price rise.
New Delhi, Aug 6 (PTI) Aluminium prices on Wednesday rose 30 paise to Rs 251.65 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 August increased 30 paise or 0.12 per cent to Rs 251.65 per kg in 4,380 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 August increased 30 paise or 0.12 per cent to Rs 251.65 per kg in 4,380 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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