NEW DELHI, Dec 27: Aluminium prices today edged up by 0.27 per cent to Rs 112.85 per kg at futures market on the back of strong domestic demand and firm global cues.
At the Multi Commodity Exchange, aluminium prices for delivery in December gained 30 paise, or 0.27 per cent, to Rs 112.85 per kg, with a business turnover of 420 lots.
The metal prices for delivery in January rose by 25 paise, or 0.22 per cent to Rs 114.20 per kg in a business turnover of 68 lots.
Marketmen said the rise in aluminium prices at futures trade was in line with a firming trend in base metals at the London Metal Exchange on hopes that demand for the metals would rise after data showed Chinese industrial companies’ profits rose 22.8 per cent in November from a year ago to 638.5 billion yuan. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel