Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. Prices rise to Rs 272/kg on MCX. Demand from consuming industries supports the positive trend.
New Delhi, Nov 7 (PTI) Aluminium prices on Friday rose slightly by 25 paise to Rs 272 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 25 paise or 0.09 per cent to Rs 272 per kg in 3,134 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 25 paise or 0.09 per cent to Rs 272 per kg in 3,134 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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