 "Aluminium up 0.6% on global cues, spot demand")
Aluminium prices went up by 0.58% to Rs 113.05 per kg in futures trade today as participants strengthened their positions amid an upward trend overseas.
Further, strong demand in spot markets influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by 65 paise, or 0.58%, to Rs 113.05 per kg in a business turnover of 157 lots.
Marketmen said apart from increased domestic demand, a firming global trend as China's interest rate cut boosted demand outlook in the world's biggest metals consumer, mainly influenced metal prices at futures trade here.
Globally, aluminium for delivery in three months added 0.8% to close at $1,830 a tonne on the London Metal Exchange.
Further, strong demand in spot markets influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by 65 paise, or 0.58%, to Rs 113.05 per kg in a business turnover of 157 lots.
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Likewise, the metal for delivery in April traded higher by 60 paise, or 0.57%, to Rs 113.85 per kg in 3 lots.
Marketmen said apart from increased domestic demand, a firming global trend as China's interest rate cut boosted demand outlook in the world's biggest metals consumer, mainly influenced metal prices at futures trade here.
Globally, aluminium for delivery in three months added 0.8% to close at $1,830 a tonne on the London Metal Exchange.