PTI reported that Indian aluminium futures prices edged up by 0.15% to INR 102.50 per kilogram as speculators increased their holdings influenced by a firm global trend. Increased demand in the spot market further fuelled the uptrend.
At the Multi Commodity Exchange counter, aluminium for delivery in November traded higher by 15 paise or 0.15% to INR 102.50 per kilogram with a business turnover of 4 lots. Similarly, the metal for delivery in December edged up by 15 paise or 0.14% to INR 103.75 per kilogram with a business volume of four lots.
Marketmen said that increased buying by speculators and reports of better price trend at the London Metal Exchange helped aluminium futures prices to trade at a higher level. Meanwhile, aluminum at LME gained 0.5% to USD 2,270 per tonne.
（Sourced from Press Trust of India）
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