Aluminium falls by 0.1% on profit-booking

Profit-booking by speculators caused the fall in prices

Amid profit-booking by speculators, aluminium futures fell 0.13% to Rs 112.10 per kg even as the metal strengthened overseas.

At Multi Commodity Exchange, aluminium for delivery in July shed 15 paise, or 0.13%, to Rs 112.10 per kg, with a business turnover of 2 lots.

The metal for delivery in the current month also fell 10 paise, or 0.09%, to trade at Rs 110.35 per kg in a turnover of 256 lots.

Marketmen said the fall in aluminium futures was mostly attributed to profit-booking by speculators, but a firming trend in copper and other base metals overseas capped the losses.