Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. Prices rise to Rs 262.45/kg in futures trade. Demand from consuming industries supports the market.
New Delhi, Oct 6 (PTI) Aluminium prices on Monday rose 65 paise to Rs 262.45 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 November increased 65 paise or 0.25 per cent to Rs 262.45 per kg in 397 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 November increased 65 paise or 0.25 per cent to Rs 262.45 per kg in 397 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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