Aluminium futures rise on fresh bets

New Delhi, Sep 9 (PTI) Aluminium prices on Monday climbed 0.85 per cent to Rs 218.45 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 39 paise or 0.85 per cent to Rs 218.45 per kg in a business turnover of 3,982 lots.

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