Aluminium futures rise on spot demand, overseas cues
The metal for delivery in December traded higher by a similar margin at Rs 110.70 per kg in a business volume of 16 lots
)
Aluminium prices edged up by 0.18% to Rs 108.90 per kg in futures trade today as participants enlarged positions, supported by a firming overseas trend.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in November inched up by 20 paise, or 0.18%, to Rs 108.90 per kg in business turnover of 53 lots.
The metal for delivery in December traded higher by a similar margin at Rs 110.70 per kg in a business volume of 16 lots.
Marketmen said apart from increased domestic demand, a firming trend in the base metals overseas, helped aluminium futures to trade higher.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in November inched up by 20 paise, or 0.18%, to Rs 108.90 per kg in business turnover of 53 lots.
The metal for delivery in December traded higher by a similar margin at Rs 110.70 per kg in a business volume of 16 lots.
Marketmen said apart from increased domestic demand, a firming trend in the base metals overseas, helped aluminium futures to trade higher.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Nov 19 2013 | 11:53 AM IST