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Aluminium up 0.2% on firming overseas trend

Increased demand at domestic spot markets also influenced prices

Press Trust of India New Delhi
Aluminium prices today rose by 0.28% to Rs 106.50 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 May rose by 30 paise, or 0.28%, to Rs 106.50 per kg in business turnover of 80 lots.

Similarly, the metal for delivery in June traded higher by 10 paise, or 0.09%, to Rs 107.80 per kg in one 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.

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First Published: May 06 2014 | 11:44 AM IST

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