 "Aluminium up 0.9% on overseas cue")
Aluminium prices today rose by 0.95% to Rs 111.45 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, aluminium for delivery in June rose by 95 paise, or 0.95%, to Rs 111.45 per kg in business turnover of 992 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 and rising demand at spot markets here.
Meanwhile, at the LME aluminium gained 0.4% to $1,930.50 per tonne.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in June rose by 95 paise, or 0.95%, to Rs 111.45 per kg in business turnover of 992 lots.
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Similarly, aluminium for delivery in July traded higher by Rs 1.05, or 0.94%, to Rs 112.60 per kg in 49 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 and rising demand at spot markets here.
Meanwhile, at the LME aluminium gained 0.4% to $1,930.50 per tonne.