Aluminium futures rise on spot demand

PTI | New Delhi | Updated: 05-05-2021 14:22 IST | Created: 05-05-2021 14:22 IST
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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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