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Gold prices rule firm
Gold prices rule firm. With the US dollar maintaining its strength and Iran’s decision to sign the nuclear pact, the yellow metal remained firm in the international market during the week ended Saturday.
Hyderabad(NVS): With the US dollar maintaining its strength and Iran’s decision to sign the nuclear pact, the yellow metal remained firm in the international market during the week ended Saturday. Here at home, both the precious metals - gold and silver - remained firm. As was expected, the demand for gold jewellery and silver coins and silver-wares has gradually been increasing in view of the ensuing marriage season.
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During the week ended Saturday, standard gold (24 carats) closed at Rs 27, 050 per 10 gm, representing no change over previous week. The ornamental gold followed the suit and was quoted in the range of Rs 26,410 - 26,510 on the closing day. Silver (0.999) on the other hand gained by Rs 1,000 per kg and closed at Rs 37,000 per kg from Rs 38,000 in the previous week.The sentiment in principal commodity markets at the Osmangunj, Risala Abdullah, Mir Alam Mandi, General Bazar, Saroornagar, Bowenpally, Kukatpally and Dilsukh Nagar remained strong.
Staple food grains like wheat, jawar, maize and bajra remained unchanged. Garlic, ginger and jeera moved upward while chana, turmeric and tamarind declined marginally due to higher supplies and stagnant demand. Chilies remained firm. Sugar production so far has recorded an appreciable increase of 15 per cent at 263.5 lakh tonne. However, in order to create buffer stock, sugar is imported.
