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Aluminium prices rise on spot demand

Aluminium prices has surged 1.14 per cent to Rs 230.65 per kg in the futures trade on Monday. This comes as speculators built up fresh positions

SNS | New Delhi |

Aluminium prices has surged 1.14 per cent to Rs 230.65 per kg in the futures trade on Monday. This comes as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the October delivery gained Rs 2.60, or 1.14 per cent, to Rs 230.65 per kg in a business turnover of 1,906 lots.

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