Aluminium up 60 paise on global trend

Aluminium futures traded a shade higher at INR 104.50 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME).

Besides, increased demand at domestic spot markets also influenced prices.

At Multi Commodity Exchange, aluminium for delivery this month rose 60 paise to INR 104.50 per kg in a business turnover of 544 lots.

Metal for delivery in August contracts also rose by a similar margin to trade at INR 106.20 per kg in 51 lots.

Market analysts said the rise in aluminium prices in futures trade was mostly due to a firming trend in base metals at the LME and rising demand at the domestic spot market here.

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