Aluminium futures up on spot demand

New Delhi, Jan 4 (PTI) Aluminium prices rose 0.65 per cent to Rs 162.25 per kg in futures trade on Monday as speculators built up fresh positions amid a positive trend in spot market.

On the Multi Commodity Exchange, aluminium contracts for January delivery gained Rs 1.05, or 0.65 per cent, to Rs 162.25 per kg in a business turnover of 829 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices. PTI SHW RVK