Aluminium futures rise on spot demand

Aluminium prices rose 0.49 per cent to Rs 196.05 per kg in the 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 the May delivery gained 95 paise, or 0.49 per cent, to Rs 196.05 per kg in a business turnover of 1,785 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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