18 JULY 2013Business Standard
Aluminium rises by 0.62% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.62% to INR 105.85 per kg in futures trade today as participants enlarged their positions, supported by a firming overseas trend.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in July inched up by 65 paise, or 0.62%, to INR 105.85 per kg in business turnover of 647 lots.
Likewise, the metal for delivery in August traded higher by 60 paise, or 0.60%, to INR 107.45 per kg in 94 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in July inched up by 65 paise, or 0.62%, to INR 105.85 per kg in business turnover of 647 lots.
Likewise, the metal for delivery in August traded higher by 60 paise, or 0.60%, to INR 107.45 per kg in 94 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
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