MCX Aluminium futures edge up 0.12% as demand picks up
Aluminium prices were up by 0.12 per cent to INR 122.35 per kg in futures trading today on India's prime commodity exchange as speculators built up fresh positions amid uptick in demand in the spot market.
At Mumbai's Multi Commodity Exchange, aluminium for delivery in current month rose by 15 paise, or 0.12 per cent to INR 122.35 per kg in business turnover of 88 lots.
Image Courtesy: www.moneycontrol.com
The metal for delivery in February contracts, however, held steady at INR 122.40 per kg in 94 lots.
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Analysts said that fresh positions created by participants due to pick up in demand from consuming industries in the physical market, mainly helped aluminium prices to trade higher at futures trade.
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