 "Aluminium up by 0.2% on firming overseas trend")
Aluminium prices edged higher by 0.25% to Rs 121.15 per kg in futures trade today as speculators enlarged positions amid a firming trend overseas.
Further, increased demand at domestic spot markets also influenced the prices.
At the Multi Commodity Exchange, aluminium for delivery in December month contracts rose 30 paise, or 0.25%, to Rs 121.15 per kg in a business turnover of 54 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly in tandem with a firming trend in copper and other base metals at the London Metal Exchange and rising demand at spot markets here.
Further, increased demand at domestic spot markets also influenced the prices.
At the Multi Commodity Exchange, aluminium for delivery in December month contracts rose 30 paise, or 0.25%, to Rs 121.15 per kg in a business turnover of 54 lots.
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Metal for delivery in January next year contracts traded higher by 15 paise, or 0.12%, to Rs 122 per kg in four lots.
Market analysts said the rise in aluminium prices at futures trade was mostly in tandem with a firming trend in copper and other base metals at the London Metal Exchange and rising demand at spot markets here.