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India aluminium futures down 0.71 pc on profit-bookings
Edited by : AL CIRCLE
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Indian Express reported that Indian aluminium prices declined by 0.71% to INR 105.25 per kilogram in futures trade as speculators indulged in booking profits at prevailing higher levels, driven by sluggish demand in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in October declined by 75 paise or 0.71% to INR 105.25 per kilogram with a business turnover of 2,738 lots. Similarly, the metal for delivery in November shed 55 paise or 0.51% to INR 106.50 per kilogram with a business turnover of 254 lots.
Marketmen said that profit booking by speculators at prevailing higher levels, driven by sluggish demand in the spot market mainly kept pressure on aluminium futures.
At the Multi Commodity Exchange, aluminium for delivery in October declined by 75 paise or 0.71% to INR 105.25 per kilogram with a business turnover of 2,738 lots. Similarly, the metal for delivery in November shed 55 paise or 0.51% to INR 106.50 per kilogram with a business turnover of 254 lots.
Marketmen said that profit booking by speculators at prevailing higher levels, driven by sluggish demand in the spot market mainly kept pressure on aluminium futures.
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