Aluminium down 0.32% due to profit-booking

Aluminium prices fell by 0.32% to Rs 110.40 per kg in the futures market today amid profit-booking by speculators.

However, firmness in base metals at the London Metal Exchange (LME) restricted losses.

At the Multi Commodity Exchange, the February contract shed 35 paise, or 0.32%, to Rs 110.40 per kg, with a business volume of 264 lots.

The March contract traded 30 paise, or 0.27% down at Rs 111.65 per kg per kg in 7 lots.

Globally, aluminum rose 0.5% to $2,255 per tonne at the LME in early trade today.

Market analysts attributed fall in aluminium prices at futures trade to profit-booking by speculators but gains in metal overseas, limited the losses.