Aluminium rises by 0.7% on positive global cues

Aluminium prices went up by 0.66% to Rs 106.90 per kg in futures trade today as participants strengthened their positions, supported by an upward trend in base metals pack overseas.

Besides, strong demand in the spot market also influenced metal prices.

At Multi Commodity Exchange, aluminium for delivery in the current month (June) edged up 70 paise, or 0.66%, to Rs 106.90 per kg in a business turnover of 306 lots.

Also, the metal for delivery in July was trading 70 paise, or 0.65% higher at Rs 108.75 per kg in a turnover of 30 lots.

Marketmen said apart from increased domestic demand, a firming global trend in base metals, mainly influenced metal prices in futures trade here.