Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets at MCX. March delivery up 0.1% to Rs 312.05/kg. Demand from industries supports price rise.
New Delhi, Feb 24 (PTI) Aluminium prices on Tuesday rose nearly 0.1 per cent to Rs 312.05 per kg in 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 March increased 30 paise, or 0.1 per cent, to Rs 312.05 per kilogram in 3,807 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 March increased 30 paise, or 0.1 per cent, to Rs 312.05 per kilogram in 3,807 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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- 0.60 ( -1.64)
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