Aluminium Futures Rise on Speculative Trading
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Aluminium futures prices climbed 0.26% to Rs 249.95 per kg on the Multi Commodity Exchange, driven by increased speculative activity and strong spot market trends.
New Delhi, Jul 14 (PTI) Aluminium prices on Monday rose 65 paise to Rs 249.95 per kilogram in the 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 August increased 65 paise, or 0.26 per cent, to Rs 249.95 per kg in 1,290 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 August increased 65 paise, or 0.26 per cent, to Rs 249.95 per kg in 1,290 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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