Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. Prices up Rs 0.80 to Rs 275/kg on MCX. Demand from consuming industries supports the rise.
New Delhi, Nov 6 (PTI) Aluminium prices on Thursday rose 80 paise to Rs 275 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 80 paise or 0.29 per cent to Rs 275 per kg in 378 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 80 paise or 0.29 per cent to Rs 275 per kg in 378 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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