Development News Edition
Give Feedback

Aluminium prices gains 0.32% on spot demand

At the Multi Commodity Exchange, aluminium for delivery in July edged higher by 45 paise, or 0.32 per cent, to Rs 141.65 per kg in a business turnover of 42 lots.


PTI Last Updated at 30 Jul 2018, 12:07 IST India
Aluminium prices gains 0.32% on spot demand
  • Aluminium prices edged up 0.32 per cent to Rs 141.65 per kg in futures market today as speculators built positions, taking positive cues from the spot market on pick up in demand. (Image Credit: Wikimedia Commons)

Aluminium prices edged up 0.32 per cent to Rs 141.65 per kg in futures market today as speculators built positions, taking positive cues from the spot market on pick up in demand.

At the Multi Commodity Exchange, aluminium for delivery in July edged higher by 45 paise, or 0.32 per cent, to Rs 141.65 per kg in a business turnover of 42 lots.

Similarly, the metal for delivery in July contracts edged higher by 40 paise, or 0.28 per cent, to Rs 140.85 per kg in 391 lots.

Analysts said widening of positions by participants due to uptick in demand from consuming industries in the physical market, led to rise in aluminium prices in futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY :
India

add banner

LEAVE COMMENT

Download our Android App on Google Play