31 JULY 2013Business Standard
Aluminium up 0.5% on global cues, spot demand
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.52% to INR 106.95 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 August inched up by 55 paise, or 0.52%, to INR 106.95 per kg in business turnover of 383 lots.
Likewise, aluminium for delivery in July traded higher by 50 paise, or 0.48%, to INR 104.95 per kg in 1,354 lots.
Marketmen said apart from increased domestic demand, a firming trend in the global market influenced aluminium prices at futures trade.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in August inched up by 55 paise, or 0.52%, to INR 106.95 per kg in business turnover of 383 lots.
Likewise, aluminium for delivery in July traded higher by 50 paise, or 0.48%, to INR 104.95 per kg in 1,354 lots.
Marketmen said apart from increased domestic demand, a firming trend in the global market influenced aluminium prices at futures trade.
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