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Aluminium futures gain 0.52% on rising demand

Press Trust of India  |  New Delhi 

Aluminium prices strengthened by 0.52 per cent to Rs 144.15 per kg in futures trade today as speculators raised their bets, following pick up in demand at the spot market.

At the Multi Commodity Exchange, aluminium for delivery in September edged up by 75 paise, or 0.52 per cent, to Rs 144.15 per kg in business turnover of just one lot.

On similar lines, the for delivery in August contracts was trading higher by 65 paise, or 0.46 per cent, to Rs 143.10 per kg in 163 lots.

Analysts said expanding of positions by participants following pick up in demand from consuming industries in the physical market mainly led to rise in aluminium at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 10 2018. 10:25 IST