Aluminium Futures Rise on Speculative Bets
By Rediff Money Desk, NEWDELHI Dec 15, 2023 14:33
Aluminium prices surged 1.35% in futures trade on December 15th, driven by speculative buying and positive spot market trends. Learn more about the factors influencing aluminium prices.
![Aluminium Futures Rise on Speculative Bets](https://im.rediff.com/money/2020/jul/16aluminium.jpg)
New Delhi, Dec 15 (PTI) Aluminium prices on Friday climbed 1.35 per cent to Rs 203.15 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 December delivery increased by Rs 2.70 or 1.35 per cent to Rs 203.15 per kg in a business turnover of 3,274 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 contracts for December delivery increased by Rs 2.70 or 1.35 per cent to Rs 203.15 per kg in a business turnover of 3,274 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
Read More On:
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.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![GoMechanic Turns...](https://im.rediff.com/80-80/money/2014/jun/04cars19.jpg)
GoMechanic Turns Profitable, Targets 1,000...
GoMechanic, acquired by Servizzy, achieves operational profit in Q1 FY24 and reports Rs...
![ADIF & PHDCCI...](https://im.rediff.com/80-80/money/2021/jan/29startup.jpg)
ADIF & PHDCCI Partner to Boost Indian Startup...
ADIF and PHDCCI join forces to empower Indian startups through workshops, training, and...
SpiceJet CFO Resigns: Joyakesh Podder Appointed...
SpiceJet's CFO Ashish Kumar resigns less than two years after appointment. Joyakesh...