NEW DELHI, Aug 26: Aluminium prices were down 0.54 per cent to Rs 101.40 per kg in futures trade today as investors reduced exposures amid weak global cues and sluggish demand in the domestic spot markets.
At the Multi Commodity Exchange, aluminium for delivery in current month eased by 55 paise, or 0.54 per cent, to Rs 101.40 per kg in a business turnover of 197 lots.
Similarly, the metal for delivery in September contract was trading lower by 50 paise, or 0.48 per cent, at Rs 103.40 per kg in 15 lots.
Marketmen said the weakness in aluminium at futures trade was mostly in tune with a weak trend at London Metal Exchange (LME) as industrial metals retreated even as China cut interest rates for the fifth time since November to help bolster the country’s slowing economy and plunging stock market. (PTI)
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