Aluminium futures edge higher amid positive trend in spot market
On MCX, aluminium June futures gained by 20 paise, or 0.1%, to Rs 195.90 per kg.
By PTI |
ETAuto
NEW DELHI: Aluminium prices rose 0.1 per cent to Rs 195.90 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for the June delivery gained 20 paise, or 0.1 per cent, to Rs 195.90 per kg in a business turnover of 477 lots.
Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.
On the Multi Commodity Exchange, aluminium contracts for the June delivery gained 20 paise, or 0.1 per cent, to Rs 195.90 per kg in a business turnover of 477 lots.
Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.
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