Business Standard

Aluminium up 0.31% in futures trade

Image

Press Trust of India New Delhi

Aluminium prices moved up by 0.31% to Rs 112.20 per kg in futures trading today as speculators created fresh positions driven by a firming trend overseas.

At the Multi Commodity Exchange, aluminium for delivery in May gained 35 paise, or 0.31% to Rs 112.20 per kg, with a trade volume of 99 lots.

June aluminium also traded higher by 30 paise, or 0.27% to Rs 112.95 per kg, with a business turnover of 10 lots.   

Analysts said a better trend in the global markets along with good spot markets demand helped aluminium prices to recover at futures trade here.

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

First Published: May 24 2011 | 12:18 PM IST

Explore News