New Delhi, Sept 19 (PTI) Aluminium futures fell marginally by 0.27 per cent to Rs 111.05 per kg as speculators reduced their positions amid a weak trend at the London Metal Exchange.
Subdued demand in the domestic spot market also put pressure on aluminium prices.
At the Multi Commodity Exchange, aluminium for delivery in September declined by 30 paise, or 0.27 per cent, to Rs 111.05 per kg, with a business turnover of 162 lots.
In likewise manners, the metal for October contract delivery shed 20 paise, or 0.18 per cent, to Rs 111.95 per kg in 162 lots.
Market analysts attributed the fall in aluminium prices to a weak trend in the entire base metals pack on the London Metal Exchange (LME) as Europe''s sovereign debt crisis persisted, reducing prospects of a growing demand for industrial metals.
Meanwhile, aluminium fell by 1.1 per cent to USD 2,355 a metric tonne on the LME.
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