Aluminium gain by 0.4% on spot demand
Participants enlarged positions, supported by a strong spot demand in the physical market
Aluminium prices edged up by 40 paise to Rs 101.30 per kg in futures trade today as participants enlarged positions, supported by a strong spot demand in the physical market.
In futures trading at the Multi Commodity Exchange, aluminium for delivery in May inched up by 40 paise, or 0.40%, to Rs 101.30 per kg, in a business turnover of two lots.
Read more from our special coverage on "ALUMINIUM PRICES"
Likewise, the metal for delivery in current month traded higher by 30 paise, or 0.30%, to Rs 100 per kg in 187 lots.
Traders said increased domestic demand from consuming industries at the spot markets, helped aluminium futures to trade higher.
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First Published: Tue, April 12 2016. 11:42 IST