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Aluminium futures soften on profit-taking

Aluminium prices moved down by 0.61 per cent to Rs 121.90 per kg in futures trading today as speculators booked profits at existing higher levels due to sluggish demand.

At the Multi Commodity Exchange, aluminium for delivery in May shed 75 paise, or 0.61 per cent to Rs 121.90 per kg, with a trade volume of a single lot.

The metal for delivery in June also traded lower by 60 paise, or 0.49 per cent to Rs 122.80 per kg, with an open interest of just one lot.

Analysts said profit-booking by speculators at existing higher levels amid sluggish demand in the spot market led to the decline in aluminium futures prices.

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