Aluminium rises on spot demand, overseas cues
January delivery inched up by 45 paise, or 0.41%, to Rs 110.55 per kg in business turnover of 3 lots
Aluminium prices edged up by 0.41% to Rs 110.55 per kg in futures trade today as participants enlarged positions, supported by a firming trend overseas.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for January delivery inched up by 45 paise, or 0.41%, to Rs 110.55 per kg in business turnover of 3 lots.
Likewise, the metal for delivery in December traded higher by 35 paise, or 0.32%, to Rs 108.80 per kg in 72 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Source: Business Standard