Aluminium futures gain on spot demand
On Multi Commodity Exchange, aluminium contracts for March delivery gained by 95 paise to Rs 175.05 per kg.
By PTI |
ETAuto
NEW DELHI: Aluminium prices rose by 0.55 per cent to Rs 175.05 per kg in futures trade on Wednesday as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for March delivery gained 95 paise, or 0.55 per cent, to Rs 175.05 per kg in a business turnover of 1,253 lots.
Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in futures market.
On the Multi Commodity Exchange, aluminium contracts for March delivery gained 95 paise, or 0.55 per cent, to Rs 175.05 per kg in a business turnover of 1,253 lots.
Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in futures market.
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