Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets at MCX. December delivery up Rs 1.90 to Rs 274.95/kg. Demand from industries supports price rise.
New Delhi, Dec 1 (PTI) Aluminium prices on Monday rose by Rs 1.90 to Rs 274.95 per kilogram in the domestic 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 December increased by Rs 1.90 or 0.7 per cent to Rs 274.95 per kg in a business turnover of 3,291 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 December increased by Rs 1.90 or 0.7 per cent to Rs 274.95 per kg in a business turnover of 3,291 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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