Aluminium Futures Surge on Positive Market Trend
By Rediff Money Desk, New Delhi Aug 20, 2024 13:31
Aluminium futures climbed 1% to Rs 227.70 per kg on Tuesday, driven by speculative buying and positive sentiment in the spot market.
![Aluminium Futures Surge on Positive Market Trend](https://im.rediff.com/money/2020/jul/16aluminium.jpg)
New Delhi, Aug 20 (PTI) Aluminium prices on Tuesday climbed 1 per cent to Rs 227.70 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 September delivery increased Rs 2.25 or 1 per cent to Rs 227.70 per kg in a business turnover of 1,379 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 September delivery increased Rs 2.25 or 1 per cent to Rs 227.70 per kg in a business turnover of 1,379 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
Source: PTI
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