Aluminium prices edged up by 0.61% to Rs 122.95 per kg in futures trade today as participants enlarged positions amid a firming trend overseas.
Besides, strong demand in spot markets influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in January 2015 inched up by 75 paise, or 0.61%, to Rs 122.95 per kg in a business turnover of 29 lots.
Likewise, the metal for delivery in December traded higher by 60 paise, or 0.49%, to Rs 122.60 per kg in 9 lots.
Marketmen said apart from increased domestic demand, a firming global trend as vehicle sales and construction spending beat estimates in the US, boosting demand prospects in the second-largest base metals consumer, helped aluminium futures to trade higher.
Globally, aluminium for delivery in three months advanced 0.3% to $1,983.25 a metric tonne on the London Metal Exchange.
