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Aluminium futures down on profit-taking, weak global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:33 PM IST

Aluminium prices moved down by 0.47% to Rs 117.40 per kg in futures trading today as speculators booked profits amid a weak trend overseas.

At the Multi Commodity Exchange, aluminium for delivery in May shed 55 paise, or 0.47% to Rs 117.40 per kg, with a trade volume of 199 lots.  

The metal for delivery in June also traded lower by 40 paise, or 0.34% to Rs 117.65 per kg, with a business turnover of four lots.

Analysts said profit-booking by speculators amid weak trend in base metals overseas mainly kept pressure on the aluminium prices at futures trade here.

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First Published: May 13 2011 | 1:33 PM IST

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