Aluminium prices rose 0.54 per cent to Rs 195.75 per kg in the futures trade on Thursday as speculators built up fresh positions amid a positive trend in the spot market.
New Delhi:
Aluminium prices rose 0.54 per cent to Rs 195.75 per kg in the futures trade on Thursday 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 Rs 1.05, or 0.54 per cent, to Rs 195.75 per kg in a business turnover of 2,085 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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