Aluminium futures edge up on global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 6:21 AM IST

Aluminium futures prices traded higher by 0.89 per cent to Rs 108.15 per kg, supported by a firm trend at the London Metal Exchange (LME).

At the Multi Commodity Exchange counter, aluminium for November delivery gained Re 1, or 0.89 per cent, to Rs 108.20 per kg, with a business turnover of 692 lots.

Similarly, the metal for delivery in December edged up by Rs 0.85, or 0.79 per cent, to Rs 109.10 per kg, with a business volume of 13 lots.

Marketmen said reports of firm trend in the base metals, after the Federal Reserve announced that it would give more stimulus to revive the sluggish US economy, influenced the aluminium futures prices. 

Meanwhile, aluminium climbed 1.2 per cent to $2,447 a metric tonne on the LME.

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First Published: Nov 04 2010 | 4:40 PM IST

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