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Aluminium up 0.28% in futures trade

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

In range-bound movements, aluminium prices edged higher by 0.28% to Rs 109 per kg in futures trading today, largely in tandem with a firming trend overseas.

A better trend at the spot markets on pick-up in demand also supported the upside in aluminium prices.

At the Multi Commodity Exchange, aluminium for August delivery rose by 30 paise, or 0.28%, to Rs 109 per kg, with a business turnover of 166 lots. 

Similarly, the metal for September delivery gained 25 paise, or 0.23%, to Rs 110 per kg, with a turnover of two lots.  

Market analysts said a firming trend at the London Metal Exchange, buoyed by better-than-expected US jobless claims data and pick-up in local demand, pushed up aluminium futures prices here.

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First Published: Aug 12 2011 | 2:30 PM IST

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