 "Aluminium up 0.7% on overseas trend")
Aluminium prices edged up by 0.74% to Rs 122.85 per kg in futures trade today as participants engaged in enlarging positions, supported by a firming overseas trend.
Further, better demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in September up by 90 paise, or 0.74%, to Rs 122.85 per kg in business turnover of 45 lots.
Marketmen said apart from increased domestic demand, a firming trend in base metals overseas as manufacturing index in China increased in August from an 11-month low, adding to signs the world's second-biggest economy is stabilizing, supported the upside in aluminum prices at futures trade.
In the international market, aluminium gained 0.6% at the London Metal Exchange.
Further, better demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in September up by 90 paise, or 0.74%, to Rs 122.85 per kg in business turnover of 45 lots.
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Likewise, aluminium for delivery in August traded higher by 85 paise, or 0.71%, to Rs 121.30 per kg in 297 lots.
Marketmen said apart from increased domestic demand, a firming trend in base metals overseas as manufacturing index in China increased in August from an 11-month low, adding to signs the world's second-biggest economy is stabilizing, supported the upside in aluminum prices at futures trade.
In the international market, aluminium gained 0.6% at the London Metal Exchange.