 "Aluminium edged higher by 0.4%")
Aluminium prices today edged higher by 0.38% to Rs 105 per kg in futures trade as speculators enlarged positions amid a firming trend overseas.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in February rose by 40 paise, or 0.38%, to Rs 105 per kg in business turnover of 310 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the entire base metals pack at the London Metal Exchange and rising demand at spot markets here.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in February rose by 40 paise, or 0.38%, to Rs 105 per kg in business turnover of 310 lots.
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Similarly, the metal for delivery in March traded higher by 35 paise, or 0.33%, to Rs 106.50 per kg in 24 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the entire base metals pack at the London Metal Exchange and rising demand at spot markets here.