Aluminium prices moved down by 0.52 per cent to Rs 124.95 per kg in futures trading today as speculators cut down bets amid subdued demand from consuming industries at spot market.
At the Multi Commodity Exchange, aluminium for delivery in April fell by 65 paise, or 0.52 per cent, to Rs 124.95 per kg, in a business turnover of 740 lots.
Similarly, the metal for delivery in May traded lower by 60 paise, or 0.48 per cent, to Rs 125.35 per kg in 377 lots.
Analysts said offloading of positions by participants due to tepid demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade.
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