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

Uptick in demand lifts aluminium futures by 0.24%

Image
Press Trust of India New Delhi
Last Updated : May 26 2017 | 12:57 PM IST
Amid pick up in demand at domestic spot market, aluminium prices were up by 0.24 per cent to Rs 126.60 per kg in futures trade today as speculators built up fresh positions.
At the Multi Commodity Exchange, aluminium for delivery in May edged up by 30 paise, or 0.24 per cent, to Rs 126.60 per kg, in a business turnover of 209 lots.
Likewise, the metal for delivery in June traded higher by 25 paise, or 0.20 per cent, to Rs 126.60 per kg in 53 lots.
Analysts said fresh positions created by participants after uptick in demand from consuming industries in the spot market mainly led to the rise in aluminium prices at futures trade.

Also Read

First Published: May 26 2017 | 12:57 PM IST

Next Story