 "Aluminium gains by 0.2% on global cues")
Aluminium prices gained 0.22% to Rs 113.40 per kg in futures trade as speculators enlarged positions amid positive cues from global markets.
Besides, increased demand at domestic spot markets influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in February rose by 25 paise, or 0.22%, to Rs 113.40 per kg in a business turnover of 194 lots.
Market analysts said the rise in aluminium prices at futures trade was due to a firming trend in the metal at the London Metal Exchange and rising demand at spot markets here.
Besides, increased demand at domestic spot markets influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in February rose by 25 paise, or 0.22%, to Rs 113.40 per kg in a business turnover of 194 lots.
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Also, the metal for delivery in March traded higher by 20 paise, or 0.18%, to Rs 114.40 per kg in 12 lots.
Market analysts said the rise in aluminium prices at futures trade was due to a firming trend in the metal at the London Metal Exchange and rising demand at spot markets here.