PTI reported that Indian aluminium prices edged up by 0.74% to INR 122.85 per kilogram in futures trade as participants engaged in enlarging positions, supported by a firming overseas trend.

Further, better demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in September up by 90 paise or 0.74% to INR 122.85 per kilogram in business turnover of 45 lots.

Likewise, the metal for delivery in August traded higher by 85 paise or 0.71% to INR 121.30 per kilogram in 297 lots.

Marketmen said that apart from increased domestic demand, a firming trend in base metals overseas as manufacturing index in China increased in August from an 11 month low, adding to signs the world's second biggest economy is stabilizing, supported the upside in aluminum prices at futures trade.