India, Jan. 7 -- Aluminium prices eased in futures trade on Wednesday after touching a record high, as traders booked profits at elevated levels amid weak global cues.
On the Multi Commodity Exchange of India (MCX), aluminium futures for January delivery snapped a three-day rally, falling Rs 1.50, or 0.48 per cent, to settle at Rs 313.30 per kg. Earlier in the session, prices had risen Rs 3, or 0.95 per cent, to hit an all-time high of Rs 317.80 per kg. The contract had closed at Rs 314.80 per kg on Tuesday.
The February delivery contract also edged lower, declining Rs 1.30, or 0.41 per cent, to Rs 316.75 per kg, after touching a fresh peak of Rs 321.25 per kg during morning trade.
Market participants attributed the pullback to profit bo...