Business Standard

Aluminium futures gain on spot demand

Image

Press Trust of India New Delhi

Aluminium prices on Thursday edged up 0.07 per cent to Rs 133.85 per kg in futures market after speculators built up fresh positions amid positive trend at the spot market.

On the Multi Commodity Exchange (MCX), aluminium for delivery in December contracts edged higher by 10 paise, or 0.07 per cent, to Rs 133.85 per kg in a business turnover of 273 lots.

Analysts said fresh positions created by traders after positive demand from consuming industries mainly led to rise in aluminium prices.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 19 2019 | 1:40 PM IST

Explore News