Aluminium futures rise on fresh bets

Aluminium prices on Friday increased by 0.09 per cent to Rs 215.65 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for December delivery increased by 20 paise or 0.09 per cent to Rs 215.65 per kg in a business turnover of 6,215 lots.

Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.

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