Commodity Watch: Aluminium Futures Rise On Fresh Bets

New Delhi: Aluminium prices on Wednesday marginally rose 5 paise to Rs253.85 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 April marginally increased 5 paise or 0.02 per cent to Rs253.85 per kg in 3,201 lots.

Copper futures decline on weak demand

Copper futures on Wednesday fell 0.28 per cent to Rs914.40 per kilogram as participants reduced their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs2.55 or 0.28 per cent to Rs914.40 per kg in a business turnover of 8,731 lots.

Zinc futures fall on low participation

Zinc prices on Wednesday fell 0.16 per cent to Rs277.65 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for April delivery traded lower by 45 paise or 0.16 per cent at Rs277.65 per kg in 2,096 lots.