Aluminium futures rise on fresh bets

New Delhi, Dec 4 (PTI) Aluminium prices on Wednesday rose 40 paise to Rs 244.20 per kilogram in the futures market, as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium for delivery in December increased by 40 paise or 0.16 per cent to Rs 244.20 per kg in 3,450 lots.

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