Aluminium Futures Rise on Speculator Bets
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Aluminium futures prices increased by 35 paise to Rs 253.75 per kg on the Multi Commodity Exchange, driven by speculator activity and strong spot market trends.
New Delhi, Jul 30 (PTI) Aluminium prices on Wednesday rose 35 paise to Rs 253.75 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 for delivery in August increased 35 paise or 0.14 per cent to Rs 253.75 per kg in 4,575 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 35 paise or 0.14 per cent to Rs 253.75 per kg in 4,575 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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