Aluminium futures prices in India surged on Wednesday, driven by increased speculation and demand from consuming industries. Read more about the market trend.
New Delhi, May 15 (PTI) Aluminium price on Wednesday rose 1.86 per cent to Rs 238.30 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 May delivery increased Rs 4.35 or 1.86 per cent to Rs 238.30 per kg in a business turnover of 2,687 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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