Commodity Watch: Aluminium Futures Rise On Fresh Bets

New Delhi: Aluminium prices on Thursday rose 80 paise to Rs 238.40 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased 80 paise or 0.34 per cent to Rs 238.40 per kg in 4,454 lots.

Zinc futures up on higher contracts

Zinc prices on Thursday increased Rs 1.65 to Rs 257 per kilogram in the futures trade amid a pick-up in spot demand. On the Multi Commodity Exchange, zinc contracts for June delivery traded higher by Rs 1.65 or 0.65 per cent at Rs 257 per kg with a business turnover of 2,601 lots.

Copper futures gain on spot demand

Copper futures rose by 0.28 per cent to Rs 865.10 per kilogram on Thursday due to higher spot demand. On the Multi Commodity Exchange, copper contracts for June delivery increased Rs 2.45 or 0.28 per cent to Rs 865.10 per kg in a business turnover of 6,552 lots. Analysts attributed the rise in copper prices to higher bets by participants.