NEW DELHI, Jan 29: Aluminium prices fell by 0.97 per cent to Rs 106.65 per kg in futures trading today after speculators trimmed their exposures amid a weak global trend.
At the Multi Commodity Exchange, aluminium for delivery in January declined by Rs 1.05, or 0.97 per cent to Rs 106.65 per kg in business turnover of 505 lots.
Similarly, the metal for delivery in February traded lower by Rs 1.05, or 0.96 per cent to Rs 106.85 per kg in 183 lots.
Market analysts said the fall in aluminium futures was mostly in tune with a weakening trend at the London Metal Exchange ahead of the outcome of US Federal Reserve’s meeting today.
Meanwhile, aluminium for delivery in three months fell 0.20 per cent to USD 1,754.50 a tonne on the London Metal Exchange. (AGENCIES)
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