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Aluminium prices today edged higher by 0.38% to Rs 105 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 February rose by 40 paise, or 0.38%, to Rs 105 per kg in business turnover of 310 lots.
Similarly, the metal for delivery in March traded higher by 35 paise, or 0.33%, to Rs 106.50 per kg in 24 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the entire base metals pack at the London Metal Exchange and rising demand at spot markets here.
