Aluminium rises by 0.2% on overseas cues
Participants enlarged positions amid a firming trend overseas
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Aluminium prices edged up 20 paise to Rs 108.55 per kg in futures trade today as participants enlarged positions amid a firming trend overseas.
Strong demand in the spot market also influenced metal prices.
Aluminium for delivery in June inched up 20 paise, or 0.18%, to Rs 108.55 per kg in a business turnover of 143 lots in futures trade at Multi Commodity Exchange.
Likewise, the metal for delivery in July traded higher 10 paise, or 0.09%, to Rs 110.30 per kg in 12 lots.
Marketmen said apart from increased domestic demand, a firming trend in global markets, helped aluminium futures trade higher.
At the London Metal Exchange, aluminium for delivery in three months gained 0.3% to $1,721.50 per tonne.
Strong demand in the spot market also influenced metal prices.
Aluminium for delivery in June inched up 20 paise, or 0.18%, to Rs 108.55 per kg in a business turnover of 143 lots in futures trade at Multi Commodity Exchange.
Likewise, the metal for delivery in July traded higher 10 paise, or 0.09%, to Rs 110.30 per kg in 12 lots.
Marketmen said apart from increased domestic demand, a firming trend in global markets, helped aluminium futures trade higher.
At the London Metal Exchange, aluminium for delivery in three months gained 0.3% to $1,721.50 per tonne.
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First Published: Jun 16 2015 | 11:13 AM IST