NEW DELHI, July 6: Aluminium prices fell 0.74 per cent to Rs 106.65 per kg in futures trade today after traders reduced their exposure amid weak global cues.
Besides, subdued demand in the domestic spot market weighed.
At Multi Commodity Exchange, aluminium for delivery in July eased 80 paise, or 0.74 per cent, to Rs 106.65 per kg in a business turnover of 236 lots.
Also, the metal for delivery in August contracts traded lower by 80 paise, or 0.73 per cent, to Rs 108.20 per kg in 37 lots.
Marketmen said the weakness in aluminium in futures trade is mostly in line with a weak trend in the base metals pack at the London Metal Exchange (LME) as Greece’s vote against austerity and moves by China to halt the collapse of domestic equities raised speculation that economic growth may falter and weaken demand. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel