29 SEPTEMBER 2014Business Standard
Aluminium marginally up on global cues
Edited by : AL CIRCLE
1 min read
Aluminium futures traded a shade higher at Rs 118.55 per kg today as participants strengthened their positions, supported by an upward trend overseas.
Further, rising demand in the domestic spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in September inched up by 15 paise, or 0.13%, to Rs 118.55 per kg in business turnover of 204 lots.
Likewise, the metal for delivery in October traded marginally higher by 10 paise, or 0.08%, to Rs 119.75 per kg in 113 lots.
Marketmen said apart from increased domestic demand, a firming global trend in the base metals pack at the London Metal Exchange ahead of the US GDP data, mainly influenced metal prices at futures trade here.
Further, rising demand in the domestic spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in September inched up by 15 paise, or 0.13%, to Rs 118.55 per kg in business turnover of 204 lots.
Likewise, the metal for delivery in October traded marginally higher by 10 paise, or 0.08%, to Rs 119.75 per kg in 113 lots.
Marketmen said apart from increased domestic demand, a firming global trend in the base metals pack at the London Metal Exchange ahead of the US GDP data, mainly influenced metal prices at futures trade here.
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