Aluminium prices climbed 0.47% on the Multi Commodity Exchange, driven by fresh positions built by speculators amid a positive spot market trend.
New Delhi, Jan 29 (PTI) Aluminium prices on Monday climbed 0.47 per cent to Rs 204 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for February delivery increased by 95 paise, or 0.47 per cent, to Rs 204 per kg in a business turnover of 3,800 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback