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Aluminium futures rise on spot demand, overseas cues

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Press Trust of India New Delhi
Last Updated : Feb 05 2014 | 12:17 PM IST
Aluminium prices edged up by 0.43 per cent to Rs 104.50 per kg in futures trade today as participants enlarged positions on a firming overseas trend.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in February inched up by 45 paise, or 0.43 per cent, to Rs 104.50 per kg in business turnover of 251 lots.
Likewise, the metal for delivery in March traded higher by 25 paise, or 0.24 per cent, to Rs 105.90 per kg in 48 lots.
Marketmen said apart from increased domestic demand, a firming trend in the base metals overseas supported the upside in aluminium prices at futures trade here.

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First Published: Feb 05 2014 | 12:17 PM IST

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