NEW DELHI, Sept 30: Aluminium prices today rose by 0.21 per cent to Rs 119.50 per kg in futures trade as speculators covered their short positions amid a firming trend overseas.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in September rose by 25 paise, or 0.21 per cent, to Rs 119.50 per kg in business turnover of 203 lots.
The metal for delivery in October rose by 20 paise, or 0.17 per cent, to Rs 120.65 per kg in 226 lots.
Meanwhile, aluminium was up 0.2 per cent at USD 1,966.50 per tonne at the London Metal Exchange.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in select base metals at the London Metal Exchange and rising demand at spot markets besides covering-up of short positions by speculators. (PTI)
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