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Aluminium loses 0.1% on profit-booking

Gains in the entire base metals pack at the London Metal Exchange caps losses

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Press Trust of India New Delhi

Aluminium futures prices today declined marginally by 0.13 per cent to Rs 115.25 per kg largely due to profit-booking by speculators despite a firm trend overseas.

At the Multi Commodity Exchange, aluminium for delivery in February edged lower by 15 paise, or 0.13 per cent, to Rs 115.25 per kg, with a business turnover of 20 lots.

January aluminium shed 10 paise, or 0.09 per cent, to Rs 114.30 per kg in a turnover of 258 lots.

Marketmen said apart from profit-booking by speculators at prevailing levels, subdued demand at spot markets mainly led to a fall in aluminium prices but gains in the entire base metals pack at the London Metal Exchange, capped losses.

 

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First Published: Jan 11 2013 | 11:44 AM IST

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