 "Aluminium down by 0.3% on global cues")
Taking weak cues from global markets, aluminium prices fell 0.29% to Rs 121.15 per kg in futures trade today as speculators trimmed positions.
Further, sluggish demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in October eased by 35 paise, or 0.29%, to Rs 121.15 per kg in business turnover of 130 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in metal at the London Metal Exchange and subdued spot demand.
Further, sluggish demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in October eased by 35 paise, or 0.29%, to Rs 121.15 per kg in business turnover of 130 lots.
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Metal for delivery in November traded lower by a similar margin to Rs 122.05 per kg in four lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in metal at the London Metal Exchange and subdued spot demand.