Aluminium rises on spot demand, overseas cues
January delivery inched up by 45 paise, or 0.41%, to Rs 110.55 per kg in business turnover of 3 lots
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Aluminium prices edged up by 0.41% to Rs 110.55 per kg in futures trade today as participants enlarged positions, supported by a firming trend overseas.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for January delivery inched up by 45 paise, or 0.41%, to Rs 110.55 per kg in business turnover of 3 lots.
Likewise, the metal for delivery in December traded higher by 35 paise, or 0.32%, to Rs 108.80 per kg in 72 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for January delivery inched up by 45 paise, or 0.41%, to Rs 110.55 per kg in business turnover of 3 lots.
Likewise, the metal for delivery in December traded higher by 35 paise, or 0.32%, to Rs 108.80 per kg in 72 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
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First Published: Dec 11 2013 | 11:43 AM IST