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Aluminium up 0.4% on global cues

Increased spot market demands also influenced prices

Press Trust of India New Delhi
Last Updated : May 30 2013 | 2:42 PM IST
Aluminium prices today rose by 0.44% to Rs 102.45 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 (MCX), the May contract rose by 45 paise, or 0.44%, to Rs 102.45 per kg in 544 lots.

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The June contract traded higher by 35 paise, or 0.34%, to Rs 103.65 per kg in 215 lots.

Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange (LME) and rising demand at spot markets here.

Meanwhile, at the LME aluminium gained 0.3% to $1,858.50 per tonne.

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First Published: May 30 2013 | 2:39 PM IST

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