Aluminium up 0.7% on global trends

Aluminium prices today edged higher by 0.71% in futures trade mostly in line with a firming trend in the global markets.

 

Besides, increased demand at domestic spot markets also influenced prices.

 

At the Multi Commodity Exchange, aluminium for delivery in October rose by 80 paise, or 0.71%, to Rs 113.60 per kg in business turnover of 156 lots.

 

Similarly, the metal for delivery in November traded higher by 70 paise, or 0.61%, to Rs 115.15 per kg in 81 lots.

 

Market analysts said the rise in aluminium prices in futures trade was mostly attributed to a firming trend in the global markets and rising demand at spot markets here.