Aluminium futures rise on spot demand

Aluminium prices rose 0.5 per cent to Rs 191.25 per kg in the futures trade on Friday as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the April delivery gained 95 paise, or 0.5 per cent, to Rs 191.25 per kg in a business turnover of 988 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.