Aluminium futures rise on fresh bets

New Delhi, Aug 20 (PTI) Aluminium prices on Tuesday climbed 1 per cent to Rs 227.70 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 2.25 or 1 per cent to Rs 227.70 per kg in a business turnover of 1,379 lots.

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