Aluminium futures rise on fresh bets

New Delhi, Aug 18 (PTI) Aluminium prices on Friday increased by 0.48 per cent to Rs 197.85 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 95 paise or 0.48 per cent to Rs 197.85 per kg in a business turnover of 3,068 lots.

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