Aluminium Futures Fall on Weak Demand

Oct 07, 2024 16:22

Aluminium futures prices declined on Monday due to weak demand in the spot market, with participants reducing their positions.

New Delhi, Oct 7 (PTI) Aluminium prices on Monday declined Rs 1.25 to Rs 244.15 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 November fell Rs 1.25 or 0.51 per cent to Rs 244.15 per kg in 552 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 Fall on Weak Demand

You May Like To Read

MORE NEWS