 "Aluminium up by 0.3% as spot demand hardens")
Aluminium prices edged up by 0.28% to Rs 107.25 per kg in futures trade today as participants enlarged positions amid a firming trend overseas.
Besides, strong demand in spot markets influenced metal prices.
At Multi Commodity Exchange, aluminium for delivery in the current month inched up 30 paise, or 0.28%, to Rs 107.25 per kg in a business turnover of 212 lots.
Traders said that apart from increased domestic demand, a firming global trend despite concern over an economic slowdown in China, the world's largest consumer, helped aluminium futures trade higher.
Besides, strong demand in spot markets influenced metal prices.
At Multi Commodity Exchange, aluminium for delivery in the current month inched up 30 paise, or 0.28%, to Rs 107.25 per kg in a business turnover of 212 lots.
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Metal for delivery in October contracts also rose by a similar margin to trade at Rs 108 per kg in 20 lots.
Traders said that apart from increased domestic demand, a firming global trend despite concern over an economic slowdown in China, the world's largest consumer, helped aluminium futures trade higher.