Aluminium futures up on spot demand
On the Multi Commodity Exchange, aluminium contracts for the August delivery gained Rs 1.15, or 0.56 per cent, to Rs 207.90 per kg in a business turnover of 3,267 lots.
By PTI |
ETMarkets.com
NEW DELHI: Aluminium prices rose 0.56 per cent to Rs 207.90 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 August delivery gained Rs 1.15, or 0.56 per cent, to Rs 207.90 per kg in a business turnover of 3,267 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 August delivery gained Rs 1.15, or 0.56 per cent, to Rs 207.90 per kg in a business turnover of 3,267 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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