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Aluminium Futures Up On Spot Demand

Aluminium contracts for the June delivery gained Rs 1.35, or 0.72 per cent, to Rs 190.10 per kg in a business turnover of 2,331 lots.

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Aluminium prices rose 0.72 per cent to Rs 190.10 per kg in the futures trade on Friday, as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the June delivery gained Rs 1.35, or 0.72 per cent, to Rs 190.10 per kg in a business turnover of 2,331 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market. 

(PTI)