# Business

Aluminium prices rise on spot demand

Aluminium prices has surged 1.14 per cent to Rs 230.65 per kg in the futures trade on Monday. This comes as speculators built up fresh positions

SNS | New Delhi | October 4, 2021 5:04 pm

Aluminium prices has surged 1.14 per cent to Rs 230.65 per kg in the futures trade on Monday. This comes as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the October delivery gained Rs 2.60, or 1.14 per cent, to Rs 230.65 per kg in a business turnover of 1,906 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.

# Business

Property prices in 8 prime residential markets spike in one year

The property prices in India’s eight prime residential markets firmed up further in the past one year amid a spike in the cost of construction, a recent data said.

# India

No shortage of oil, prices will come down soon: Petroleum Minister

The Minister cited global factors such as the war in the Middle East and voluntary cuts in oil production, which are influencing the oil prices in the global market.

# India

NPPA revises ceiling prices of 8 drugs

The Union Ministry of Health and Family Welfare on Monday informed that the National Pharmaceutical Pricing Authority (NPPA) has revised the ceiling prices of eight scheduled drugs that are used for treatment of several diseases including Asthma, Glaucoma, Thalassemia, and Tuberculosis.