Aluminium futures rise amid positive trend in spot market

NEW DELHI: Aluminium prices rose 0.6 per cent to Rs 201 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 May delivery gained Rs 1.20, or 0.6 per cent, to Rs 201 per kg in a business turnover of 2,172 lots.

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

News

Articles You May Like

Gold drops more than 1% as risk appetite grows
Silver likely to touch Rs 1,25,000 over next few months: Motilal Oswal
Jobless rates rise in June for white, Black and Hispanic women but fall for men in the three racial groups
Japan finance minister Suzuki says fiscal discipline important
Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand

Leave a Reply

Your email address will not be published. Required fields are marked *