Aluminium Futures Rise on Fresh Bets - PTI
Aluminium prices surged in India's futures market on Friday, driven by increased speculation and positive trends in the spot market. Traders are building new positions, fueled by demand from consuming industries.
New Delhi, Jan 24 (PTI) Aluminium prices on Friday rose Rs 2.10 to Rs 253.05 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in February increased Rs 2.10 or 0.84 per cent to Rs 253.05 per kg in 2,575 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 February increased Rs 2.10 or 0.84 per cent to Rs 253.05 per kg in 2,575 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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