Aluminium marginally up on global cues
Speculators enlarged exposures on pick-up in spot demand
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Aluminium futures traded a shade higher at Rs 111.70 per kg today as speculators enlarged exposures on pick-up in spot demand.
However, the metal's weakness overseas capped the gains.
At the Multi Commodity Exchange, aluminium for delivery in March traded higher by 15 paise, or 0.13%, at Rs 111.70 per kg in a business turnover of 191 lots.
Similarly, the metal for delivery in April traded higher by 10 paise, or 0.09%, to Rs 112.60 per kg in eight lots.
Analysts said rising demand from consuming industries at domestic spot markets mainly influenced aluminium prices at futures trade but the metal's weakness at the London Metal Exchange (LME), limited the gains.
However, the metal's weakness overseas capped the gains.
At the Multi Commodity Exchange, aluminium for delivery in March traded higher by 15 paise, or 0.13%, at Rs 111.70 per kg in a business turnover of 191 lots.
Similarly, the metal for delivery in April traded higher by 10 paise, or 0.09%, to Rs 112.60 per kg in eight lots.
Analysts said rising demand from consuming industries at domestic spot markets mainly influenced aluminium prices at futures trade but the metal's weakness at the London Metal Exchange (LME), limited the gains.
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First Published: Mar 23 2015 | 11:22 AM IST