Aluminium futures rise, fuelled by global cues

Aluminium prices went up 0.83 per cent to Rs 109.05 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 90 paise, or 0.83 per cent, to Rs 109.05 per kg in a business turnover of 911 lots.

Likewise, the metal for delivery in October was trading higher by 75 paise, or 0.69 per cent, to Rs 110 per kg in a turnover of 25 lots.

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