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Aluminium futures rise amid positive trend in spot market

May 9, 2021 by admin 0 Comments

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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.

This article was originally published by Indiatimes.com. Read the original article here.