Aluminium up 0.28% in futures trade

In range-bound movements, aluminium prices edged higher by 0.28% to Rs 109 per kg in futures trading today, largely in tandem with a firming trend overseas.

A better trend at the spot markets on pick-up in demand also supported the upside in aluminium prices.

At the Multi Commodity Exchange, aluminium for August delivery rose by 30 paise, or 0.28%, to Rs 109 per kg, with a business turnover of 166 lots. 

Similarly, the metal for September delivery gained 25 paise, or 0.23%, to Rs 110 per kg, with a turnover of two lots.  

Market analysts said a firming trend at the London Metal Exchange, buoyed by better-than-expected US jobless claims data and pick-up in local demand, pushed up aluminium futures prices here.