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Aluminium prices fell over one% to Rs 118.90 per kg in futures trading today as speculators reduced exposure amid weak global trend.
At the Multi Commodity Exchange, aluminium for delivery in October declined by Rs 1.30, or 1.08%, to Rs 118.90 per kg in business turnover of 21 lots.
Similarly, the metal for delivery in the current month contracts traded lower by Rs 1.10, or 0.93%, to Rs 117.80 per kg in 162 lots.
Analysts said speculators offloaded their positions in tandem with a weakness in metal at the London Metal Exchange and subdued domestic demand, which mainly influenced aluminium prices at futures trade.
