Aluminium futures up on spot demand

New Delhi, April 15 (PTI) Aluminium prices gained 0.85 per cent to Rs 189.80 per kg in the futures trade on Thursday as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the April delivery rose Rs 1.60, or 0.85 per cent, to Rs 189.80 per kg in a business turnover of 2,242 lots.

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