 "Aluminium up 0.2% on spot demand")
Aluminium prices rose 0.23% to Rs 107.60 per kg in futures trade today on the back of rising spot demand even as the metal weakened overseas.
At the Multi Commodity Exchange, aluminium for delivery in February rose by 25 paise, or 0.23%, to Rs 107.60 per kg in a turnover of 256 lots.
The metal for delivery in March rose by a similar margin to trade at Rs 109 per kg in a business volume of 13 lots.
Globally, aluminium for delivery in three months at the London Metal Exchange retreated as much as 0.5% to $1,758 per tonne.
At the Multi Commodity Exchange, aluminium for delivery in February rose by 25 paise, or 0.23%, to Rs 107.60 per kg in a turnover of 256 lots.
The metal for delivery in March rose by a similar margin to trade at Rs 109 per kg in a business volume of 13 lots.
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Market analysts said the rise in aluminium prices at futures trade was mostly attributed to rising demand at domestic spot markets but a weak trend overseas on high stockpiles limited the gains.
Globally, aluminium for delivery in three months at the London Metal Exchange retreated as much as 0.5% to $1,758 per tonne.