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Aluminium down 0.9% on global cues

Metal for delivery in three months fell 0.2% on the London Metal Exchange

Press Trust of India New Delhi
Last Updated : Jan 29 2014 | 12:27 PM IST
Aluminium prices fell by 0.97% to Rs 106.65 per kg in futures trading today after speculators trimmed their exposures amid a weak global trend.

At the Multi Commodity Exchange, aluminium for delivery in January declined by Rs 1.05, or 0.97% to Rs 106.65 per kg in business turnover of 505 lots.

Similarly, the metal for delivery in February traded lower by Rs 1.05, or 0.96% to Rs 106.85 per kg in 183 lots.

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Market analysts said the fall in aluminium futures was mostly in tune with a weakening trend at the London Metal Exchange ahead of the outcome of US Federal Reserve's meeting today.

Meanwhile, aluminium for delivery in three months fell 0.20% to $1,754.50 a tonne on the London Metal Exchange.

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First Published: Jan 29 2014 | 12:24 PM IST

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