NEW DELHI, Aug 27: Taking weak cues from global markets, aluminium prices fell to Rs 125.35 per kg in futures trading today as speculators offloaded their positions.
Further, sluggish demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in current month, August eased by 40 paise, or 0.32 per cent, to Rs 125.35 per kg in a business turnover of 1,392 lots.
Similarly, the metal for delivery in September traded lower by 35 paise, or 0.28 per cent, to Rs 125.30 per kg in 389 lots.
Globally, aluminium was little changed at USD 2,082.75 a tonne after reaching an 18-month high yesterday at the London Metal Exchange (LME).
Analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in base metals at the LME and weak demand for the metal at domestic spot markets. (PTI)
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