PTI reported that in range bound trade, Indian aluminium futures prices moved up by 0.34%to INR 102.55 per kilogram largely in line with a firming trend in other base metals in global markets as weaker dollar raised demand for commodities.
At the Multi Commodity Exchange counter, aluminium for delivery in October gained 35 paise or 0.34% to INR 102.55 per kilogram with a business turnover of 13 lots while delivery in November gained 30 paise or 0.33% to INR 104.05 per kilogram with a business volume of just one lot. At the London Metal Exchange, aluminum rose 0.5% to USD 2,333.50 per tonne.
Marketmen said that besides firming trend in base metals in overseas markets after a weak dollar boosted demand for commodities, better trend at spot markets on the back of pick up in demand also influenced the aluminium futures prices.
（Sourced from Press Trust of India）
豫公网安备41010502003434号