Aluminium futures up on spot demand

Aluminium prices edged up 0.73 per cent to Rs 166.05 per kg in futures trade on Friday, as speculators built up fresh positions amid a positive trend in spot market

On the Multi Commodity Exchange, aluminium contracts for December delivery gained Rs 1.20, or 0.73 per cent, to Rs 166.05 per kg in a business turnover of 878 lots

Analysts said fresh positions created by traders on demand from consumer industries supported aluminium prices.