 "Aluminium up 0.5% on firming overseas trend")
Aluminium prices today rose by 0.54% to Rs 111.40 per kg in futures trade as speculators enlarged positions amid a firming trend overseas.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in April rose by 60 paise, or 0.54%, to Rs 111.40 per kg in business turnover of 1,216 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange and rising demand at spot markets here.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in April rose by 60 paise, or 0.54%, to Rs 111.40 per kg in business turnover of 1,216 lots.
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Similarly, the metal for delivery in May traded higher by 55 paise, or 0.49%, to Rs 112.65 per kg in 87 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange and rising demand at spot markets here.