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Aluminium up 0.94% in futures trade

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Press Trust of India New Delhi

Aluminium prices gained 0.94% to Rs 106.90 per kg in futures market today on the back of pick-up in spot demand and a firming trend overseas.

At the Multi Commodity Exchange, November aluminium rose by a rupee, or 0.94%, to Rs 106.90 per kg, with a business turnover of 993 lots.

The December contract rose by a similar margin to Rs 107.75 per kg, with a turnover of 25 lots.

Market analysts said besides pick-up in spot demand, a firming trend in the overseas market mainly helped aluminium prices to trade higher at futures trade.

Meanwhile, aluminium rose by 0.9% to $2,158.75 a tonne on the London Metal Exchange.

 

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First Published: Nov 09 2011 | 1:48 PM IST

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