Aluminium rises by 0.2% on global cues
Besides, strong demand in spot markets influenced metal prices
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Aluminium prices edged up by 0.17% to Rs 115.10 per kg in futures trade today as participants enlarged positions amid a firming trend overseas.
Besides, strong demand in spot markets influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in May inched up by 20 paise or 0.17% to Rs 115.10 per kg in a business turnover of 11 lots.
Likewise, the metal for delivery in April contracts traded higher by 10 paise or 0.09% to Rs 114.75 per kg in 477 lots.
Traders said apart from increased domestic demand, a firming global trend, helped aluminium futures to trade higher.
Besides, strong demand in spot markets influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in May inched up by 20 paise or 0.17% to Rs 115.10 per kg in a business turnover of 11 lots.
Likewise, the metal for delivery in April contracts traded higher by 10 paise or 0.09% to Rs 114.75 per kg in 477 lots.
Traders said apart from increased domestic demand, a firming global trend, helped aluminium futures to trade higher.
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First Published: Apr 22 2015 | 11:42 AM IST