 "Aluminium adds 0.32% on spot demand, global cues")
Aluminium prices went up by 0.32 per cent to Rs 108.15 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in January inched up by 35 paise, or 0.32 per cent, to Rs 108.15 per kg in business turnover of 226 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Meanwhile, aluminium climbed 1.5 per cent to $1,981.50 tonne on the London Metal Exchange.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in January inched up by 35 paise, or 0.32 per cent, to Rs 108.15 per kg in business turnover of 226 lots.
Also Read
The February contract rose by a similar margin to Rs 109.70 per kg in 13 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Meanwhile, aluminium climbed 1.5 per cent to $1,981.50 tonne on the London Metal Exchange.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%