Aluminium futures rise on fresh bets

New Delhi, Aug 22 (PTI) Aluminium prices on Thursday climbed 1.38 per cent to Rs 232.10 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 September delivery increased Rs 3.15 or 1.38 per cent to Rs 232.10 per kg in a business turnover of 1,836 lots.

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