Aluminium Futures Decline on Weak Demand

Sep 03, 2024 13:17

Aluminium futures prices fell on the Multi Commodity Exchange (MCX) due to weak demand from consuming industries. The price dropped to Rs 222.75 per kg.

New Delhi, Sep 3 (PTI) Aluminium prices on Tuesday declined Re 1 to Rs 222.75 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market.

On the Multi Commodity Exchange, aluminium for delivery in September fell Re 1 or 0.45 per cent to Rs 222.75 per kg in 3,798 lots.

Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Source: PTI

MORE NEWS

Amul Ice Cream Tampering Video Resurfaces:...

GCMMF has denied allegations of tampering with Amul ice cream after an old video...

Indo-European Relations: Convergence of Values...

FEBI President Remi Maillard highlights the strong Indo-European relationship driven by...

Srinivas Appointed CEO of GeM Public...

L Satya Srinivas, Additional Secretary in Department of Commerce, has been given the...

PM GatiShakti NPG Evaluates 5 Infrastructure...

The Network Planning Group (NPG) under PM GatiShakti has evaluated 5 infrastructure...

Adani Energy to Operate Kenya's Transmission Lines

Adani Energy Solutions Ltd will build and operate key electricity transmission lines in...

India-EU Trade Pact Slowed by Extraneous...

India's Commerce Minister Piyush Goyal criticizes 'extraneous' elements slowing down...

Star Health Data Leak: Telegram Removes Bots,...

Telegram has removed bots sharing sensitive Star Health data and is monitoring for...

Amicus Invests Rs 125 Cr in Equirus | Federal...

Amicus Capital invests Rs 125 crore in Equirus Group, a late Rakesh Jhunjunwala-backed...

US Remains Top FDI Source in India: RBI Census...

The US continued to be the largest source of foreign direct investment (FDI) in India,...

Gold Price Jumps Rs 1,150 to Rs 78,500/10g:...

Gold prices surged Rs 1,150 to Rs 78,500/10g in India, driven by positive global trends...

Aluminium Futures Decline on Weak Demand

You May Like To Read

MORE NEWS