PTI

Aluminium futures trade lower on profit-taking

Thu, Nov 5 01:32 PM

New Delhi, Nov 5 (PTI) Aluminium futures prices declined by 0.11 per cent today on emergence of profit-taking by traders, driven by a weakening trend in spot market. Aluminium for December month contract declined by 0.11 per cent to Rs 90.25 per kg with an open interest in 2,181 lots.

It had gained 0.28 per cent in yesterday''s trading. Similarly, the metal for delivery in November contract shed 0.06 per cent at Rs 89.25 per kg with an open interest in 94 lots.

Market analysts said emergence of profit-taking by traders due to fall in demand in spot market mainly led to fall in aluminium prices at futures market.

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