Aluminium futures rise, fuelled by global cues

NEW DELHI, Oct 12:  Aluminium prices went up 0.73 per cent to Rs 103.50 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas.
In addition, strong demand in the spot market also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in the current month inched up 75 paise, or 0.73 per cent, to Rs 103.20 per kg in a business turnover of 324 lots.
Likewise, the metal for delivery in November traded marginally higher by 70 paise, or 0.67 per cent, to Rs 105 per kg in a turnover of 12 lots.
Marketmen said apart from increased domestic demand, a firming global trend in the base metals, mainly influenced metal prices in futures trade. (PTI)