Aluminium futures rise on fresh bets

New Delhi, Aug 17 (PTI) Aluminium prices on Thursday increased by 0.18 per cent to Rs 197.30 per kilogramme 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 August delivery increased by 35 paise or 0.18 per cent to Rs 197.30 per kg in a business turnover of 3,540 lots.

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