News

NEW DELHI: Aluminium prices rose 0.87 per cent to Rs 196.95 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 1.70, or 0.87 per cent, to Rs 196.95 per kg in a business turnover of 2,825 lots.

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

Articles You May Like

Dollar’s Rebound Pauses ahead of FOMC, Oil Prices Decline
New Zealand Building Permits for March 2024 -0.2% m/m (prior +14.9%)
McDonald’s is about to report earnings. Here’s what to expect
Swiss Franc Rebounds on Strong Inflation Data, Yen Standing Tall
Luxury carmaker Aston Martin slumps 6% as losses nearly double