Aluminium up by 0.2% on global trends
Increased demand at domestic spot markets also influenced prices
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Aluminium prices were up by 0.24% in futures trade today as speculators created positions, tracking a firming trend in the global markets.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in current month rose by 30 paise, or 0.24%, to Rs 125.50 per kg in a business turnover of 181 lots.
The metal for delivery in October also rose by a similar margin to trade at Rs 126.50 per kg in 14 lots.
Analysts said the rise in aluminium prices at futures trade was mostly due to a firming trend in global markets after data signalled improving economic conditions in the US and China, the biggest metals consumers.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in current month rose by 30 paise, or 0.24%, to Rs 125.50 per kg in a business turnover of 181 lots.
The metal for delivery in October also rose by a similar margin to trade at Rs 126.50 per kg in 14 lots.
Analysts said the rise in aluminium prices at futures trade was mostly due to a firming trend in global markets after data signalled improving economic conditions in the US and China, the biggest metals consumers.
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First Published: Sep 04 2014 | 11:35 AM IST