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Aluminium futures edge up 0.31% on spot demand

Press Trust of India  |  New Delhi 

Aluminium prices edged higher by 0.31 per cent to Rs 129.60 per kg in futures trade today as speculators built up fresh positions, driven by pick up in demand at the spot market.

At the Multi Commodity Exchange, aluminium for delivery in September went up by 40 paise, or 0.31 per cent, to Rs 129.60 per kg, in a business turnover of 175 lots.

Similarly, the metal for delivery in August was trading higher by 35 paise, or 0.27 per cent, to Rs 129.15 per kg in 4,694 lots.

Analysts said fresh positions created by participants due to pick up in demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 18:28 IST