Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets at MCX. November delivery up 1.03% to Rs 268.70/kg. Demand from industries supports price rise.
New Delhi, Oct 9 (PTI) Aluminium prices on Thursday rose by Rs 2.75 to Rs 268.70 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 by Rs 2.75, or 1.03 per cent, to Rs 268.70 per kg in 368 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 by Rs 2.75, or 1.03 per cent, to Rs 268.70 per kg in 368 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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