Aluminium futures prices rose on speculators’ bets

New Delhi, June 4 Aluminium prices rose by Rs 2.05 to Rs 242.55 per kg in the futures market on Wednesday as speculators created fresh deals amid a positive trend in the spot market.

The price of aluminium contract for July delivery rose by Rs 2.05, or 0.85 per cent, to Rs 242.55 per kg on the Multi Commodity Exchange in a business turnover of 415 lots.

Analysts said fresh bets by traders amid demand from consumer industries supported aluminium prices in the futures market.

By Priyanka Roy