Aluminium futures up on spot demand

NEW DELHI: Aluminium prices rose 0.47 per cent to Rs 201.45 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the July delivery gained 95 paise, or 0.47 per cent, to Rs 201.45 per kg in a business turnover of 3,279 lots.

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

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