Aluminium Futures Rise on Fresh Bets
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Aluminium prices rise in futures trade on fresh bets. Positive spot market trend supports gains. MCX March contract up 1.19% to Rs 318.70/kg.
New Delhi, Feb 3 (PTI) Aluminium prices on Tuesday rose nearly 1.19 per cent to Rs 318.70 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 by Rs 3.75, or 1.19 per cent, to Rs 318.70 per kilogram in 74 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 by Rs 3.75, or 1.19 per cent, to Rs 318.70 per kilogram in 74 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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