Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets at MCX. Price up Rs 1.55 to Rs 276/kg in November delivery. Demand from industries supports rise.
New Delhi, Nov 3 (PTI) Aluminium prices on Monday rose Rs 1.55 to Rs 276 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 Rs 1.55 or 0.56 per cent to Rs 276 per kg in 229 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 Rs 1.55 or 0.56 per cent to Rs 276 per kg in 229 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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