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Aluminium futures edge up 0.12% as demand picks up


Aluminium prices were up by 0.12 per cent to Rs 122.35 per kg in futures trading today as speculators built up fresh positions amid uptick in demand in the spot market.

At the Multi Commodity Exchange, aluminium for delivery in current month rose by 15 paise, or 0.12 per cent to Rs 122.35 per kg in business turnover of 88 lots.

The metal for delivery in February contracts, however, held steady at Rs 122.40 per kg in 94 lots.

Analysts said that fresh positions created by participants due to pick up in demand from consuming industries in the physical market, mainly helped aluminium prices to trade higher at futures trade.

(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)