Aluminium up 0.3%, fuelled by global cues

Metal for delivery in July traded marginally higher by 0.31%

Aluminium prices went up 0.32 per cent to Rs 111.20 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas.

Besides, strong demand in the spot market also influenced metal prices.

At Multi Commodity Exchange, aluminium for delivery in the current month inched up 65 paise, or 0.32 per cent, to Rs 111.20 per kg in a business turnover of 127 lots.

Likewise, the metal for delivery in July traded marginally higher by 35 paise, or 0.31 per cent, to Rs 112.95 per kg in a turnover of two lots.

Marketmen said apart from increased domestic demand, a firming global trend in base metals, mainly influenced metal prices in futures trade here.