Aluminium futures rise on global cues, spot demand

NEW DELHI, Sept 10: Aluminium prices went up by 0.16 per cent to Rs 126.30 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas.

Further, strong demand in the spot markets also influenced metal prices.

At the Multi Commodity Exchange, aluminium for delivery in October inched up by 20 paise, or 0.16 per cent, to Rs 126.30 per kg in business turnover of 49 lots.

Likewise, the metal for delivery in September traded marginally higher by 15 paise, or 0.12 per cent, to Rs 125.10 per kg in 514 lots.

Marketmen said apart from increased domestic demand, a firming global in copper and other base metals, mainly influenced metal prices at futures trade here. (PTI)