 "Aluminium up by 0.5% on pick-up in demand")
Aluminium futures edged higher by 0.50% to Rs 111.40 per kg today as speculators enlarged positions amid pick-up in demand at spot markets.
Besides, a firming trend in base metals pack at London Metal Exchange supported the upside.
At Multi Commodity Exchange, aluminium for delivery in March rose 55 paise, or 0.50%, to Rs 111.40 per kg with a business turnover of 612 lots.
Traders said a firm trend in the metal at spot markets on increased demand from consuming industries, influenced aluminium prices at futures trade here.
Besides, a firming trend in base metals pack at London Metal Exchange supported the upside.
At Multi Commodity Exchange, aluminium for delivery in March rose 55 paise, or 0.50%, to Rs 111.40 per kg with a business turnover of 612 lots.
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The metal for delivery in April also gained 50 paise, or 0.45%, to trade at Rs 112.40 per kg in a turnover of 94 lots.
Traders said a firm trend in the metal at spot markets on increased demand from consuming industries, influenced aluminium prices at futures trade here.
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