Aluminium prices dropped on the Multi Commodity Exchange due to weak demand from consuming industries. Learn more about the impact on futures.
New Delhi, Jun 24 (PTI) Aluminium prices on Monday declined 80 paise to Rs 229.30 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 July fell 80 paise or 0.35 per cent to Rs 229.30 per kg in 4,117 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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