Aluminium futures rise, fuelled by global cues

Aluminium prices were up 0.90 per cent to INR 95.35 per kg in futures trade today as participants strengthened their exposure, supported by an upward trend overseas.

In addition, rising demand in the spot market influenced metal prices.

At the Multi Commodity Exchange, aluminium for delivery in the current month edged up 85 paise, or 0.90 per cent, to INR 95.35 per kg in a business turnover of 4,593 lots.

Likewise, the metal for delivery in November traded marginally higher by 80 paise, or 0.83 per cent, to INR 97.10 per kg in a turnover of 763 lots.

Marketmen said besides increased domestic demand, a firming global trend in base metals mainly influenced prices in futures trade.

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