 "Aluminium up by 0.4% on global trend")
Aluminium futures traded 0.42% higher at Rs 95.40 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME).
Besides, increased demand at domestic spot markets influenced prices.
At Multi Commodity Exchange, aluminium for delivery in November rose 40 paise, or 0.42%, to Rs 95.40 per kg in a business turnover of 378 lots.
Analysts attributed the rise in aluminium prices at futures trade to a firming trend at the London Metal Exchange (LME).
Globally, aluminium, the metal used to make everything from aircraft to window frames and drinks cans, gained as much as 0.9%.
Besides, increased demand at domestic spot markets influenced prices.
At Multi Commodity Exchange, aluminium for delivery in November rose 40 paise, or 0.42%, to Rs 95.40 per kg in a business turnover of 378 lots.
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Metal for delivery in December month contracts was trading higher by 40 paise, or 0.41% at Rs 96.80 per kg in 40 lots.
Analysts attributed the rise in aluminium prices at futures trade to a firming trend at the London Metal Exchange (LME).
Globally, aluminium, the metal used to make everything from aircraft to window frames and drinks cans, gained as much as 0.9%.