Aluminium Futures Decline on Weak Demand
By Rediff Money Desk, New Delhi Sep 02, 2024 14:27
Aluminium futures prices fell on the Multi Commodity Exchange (MCX) due to weak demand from consuming industries. Participants trimmed their positions, leading to a decline in prices.
New Delhi, Sep 2 (PTI) Aluminium prices on Monday declined Rs 2.20 to Rs 223.15 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 September fell Rs 2.20 or 0.98 per cent to Rs 223.15 per kg in 3,620 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
On the Multi Commodity Exchange, aluminium for delivery in September fell Rs 2.20 or 0.98 per cent to Rs 223.15 per kg in 3,620 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.29 ( -0.84)
- 38643247
- Srestha Finvest
- 0.63 (+ 5.00)
- 36611024
- Home First Finance
- 1,074.55 (+ 2.10)
- 22560337
- G G Engineering
- 1.85 ( -0.54)
- 20632419
- Ola Electric Mobilit
- 93.26 (+ 6.68)
- 14710812
MORE NEWS
India Updates National Accounts Base Year to...
India's government has formed a panel to revise the base year for national accounts...
GST Revenue: 18% Slab Contributes Most in FY24
India's 18% GST slab contributed the most to FY24 revenues, while the 12% slab...
Gold Price Falls Rs 200, Silver Plummets Rs...
Gold prices in India fell Rs 200 to Rs 79,200 per 10 grams on Monday, while silver also...