Comments
In restricted movement, aluminium traded higher by 0.7 per cent to Rs 115.40 per kg at the futures trading today largely supported by a firm spot demand amid short-covering by speculators.
At the Multi Commodity Exchange, aluminium for delivery in April gained 80 paise or 0.7 per cent to Rs 115.40 per kg with a business turnover of one lot. Similarly, February contract also strengthened by 10 paise or 0.09 per cent to Rs 113.60 per kg with an open interest of two lots.
Meanwhile, at the London Metal Exchange, aluminium was trading a shade higher at $2,533 per tonne.
Market analysts said apart from a firming trend at the London Metal Exchange, higher domestic demand also influenced the aluminium futures prices here.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.