Commodity Watch: Aluminium futures advance on higher participation

New Delhi: Aluminium prices rose Rs 2 to Rs 283.55 per kilogram in the futures trade as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in January increased 0.71 per cent in 1,240 lots.

Zinc futures gain on spot demand

Zinc prices rose Rs 2.25 to Rs 315.35 per kilogram in futures trade amid a pick-up in spot demand. Zinc contracts for January delivery traded 0.72 per cent higher in a turnover of 1,006 lots. Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries, kept zinc prices higher in the futures trade.

Copper futures rise on fresh bets

Copper futures rose 1 per cent to Rs 1,119.40 per kilogram due to higher spot demand. Copper contracts for January delivery grew Rs 11.05 in a business turnover of 4,228 lots. Analysts attributed the rise in copper prices to higher bets by participants.