Aluminium futures edge higher on spot demand

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NEW DELHI: Aluminium prices rose 0.14 per cent to Rs 177.50 per kg in futures trade on Friday as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for April delivery gained 25 paise, or 0.14 per cent, to Rs 177.50 per kg in a business turnover of 1,496 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.

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