Aluminium gains by 0.1% on spot demand

Aluminium prices were up by 0.15% to Rs 101.60 per kg in futures trade today as speculators enlarged positions even as metal weakened overseas.

At the Multi Commodity Exchange, aluminium for delivery in October rose 15 paise, or 0.15%, to Rs 101.60 per kg, in a business turnover of 406 lots.

The metal for delivery in November traded higher by 10 paise, or 0.10%, to Rs 103.15 per kg in eight lots.

Analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend at the spot markets on the back of rising industrial demand but metals weakness overseas, limited the gains.