Don’t miss the latest developments in business and finance.

Aluminium rises 0.11 pc on high demand

Image
Press Trust of India New Delhi
Last Updated : Jul 17 2018 | 12:00 PM IST

Aluminium prices edged higher by 0.11 per cent to Rs 141.55 per kg in futures trade today as speculators raised bets, driven by pick-up in demand in the spot market.

At the Multi Commodity Exchange, aluminium for delivery in July edged up by 15 paise, or 0.11 per cent, to Rs 141.55 per kg in a business turnover of 75 lots.

Likewise, the metal for delivery in August was trading higher by 5 paise, or 0.04 per cent, at Rs 141.50 per kg in 2 lots.

Analysts said widening of positions by participants following uptick in demand from consuming industries in the physical market, mainly attributed the rise in aluminium prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jul 17 2018 | 12:00 PM IST

Next Story