Aluminium futures rise on fresh bets

New Delhi, Jul 10 (PTI) Aluminium prices on Monday increased by 0.05 per cent to Rs 195.65 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for July delivery rose 10 paise or 0.05 per cent to Rs 195.65 per kg in a business turnover of 4,218 lots.

Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.