Aluminium futures rise on spot demand

New Delhi, Mar 31 (PTI) Aluminium prices rose 0.28 per cent to Rs 176.75 per kg in futures trade on Wednesday as speculators built up fresh positions amid a positive trend in spot market.

On the Multi Commodity Exchange, aluminium contracts for April delivery gained 50 paise, or 0.28 per cent, to Rs 176.75 per kg in a business turnover of 1,300 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in futures market. PTI SHW RUJ RUJ