Aluminium futures rise on spot demandPTI | New Delhi | Updated: 05-05-2021 14:22 IST | Created: 05-05-2021 14:22 IST
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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