Business Standard

Aluminium rises on global cues, spot demand

Rise in aluminium prices at futures trade in line with firming trend in base metals at LME amid increasing demand from domestic consuming

Image

Press Trust of India New Delhi

Taking positive cues from the global markets and rising spot market demand, aluminium prices edged up by 0.39% to Rs 102.35 per kg at futures market.

At the Multi Commodity Exchange, the October contract for aluminium gained 40 paise, or 0.39%, to Rs 102.35 per kg, with a business turnover of 204 lots.

The November contract traded higher by 35 paise, or 0.34%, to Rs 104.15 per kg, with a business turnover of 124 lots.

Marketmen said the rise in aluminium prices at futures trade was in line with a firming trend in base metals at the London Metal Exchange amid increasing demand from domestic consuming industries.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 31 2012 | 12:11 PM IST

Explore News