Aluminium Futures Rise on Speculator Bets
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Aluminium futures prices increased by 5 paise to Rs 255.30 per kg on the Multi Commodity Exchange, driven by speculator activity and strong spot market trends.
New Delhi, Jul 24 (PTI) Aluminium prices on Thursday rose 5 paise to Rs 255.30 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 5 paise or 0.02 per cent to Rs 255.30 per kg in 3,080 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 5 paise or 0.02 per cent to Rs 255.30 per kg in 3,080 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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