NEW DELHI, Aug 22: Aluminium prices rose marginally by 0.28 per cent in futures trade today in line with a firming trend in the global markets.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in current month rose by 35 paise, or 0.28 per cent, to Rs 124.60 per kg in a business turnover of 60 lots.
The metal for delivery in September also rose by a similar margin to trade at Rs 124.75 per kg in six lots.
Analysts said the rise in aluminium prices at futures trade was mostly due to a firming trend in global markets on stronger-than-expected US home sales and before a speech by Federal Reserve Chair Janet Yellen and rising demand at spot markets here. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel