Live
- EC sends notice to Cong over poll code violation by Rahul Gandhi, seeks reply by April 29
- CM Revanth flays BJP Policies and Alleges Conspiracy Against Reservations
- BMW's another all-electric car launched in India
- Kajol’s style mantra of the day: Life is short, let my pallu be long
- IPL 2024: Sometimes it works, sometimes it doesn't work, says R Sai Kishore on being held back till 19th over
- Treating politician differently from ordinary criminal will violate Constitution: ED tells SC on CM Kejriwal's plea
- Adverse weather conditions may hit mango crops in UP: Experts
- Cong to snatch reservation from Dalits, says Union Minister Pralhad Joshi
- Congress tied hands of our soldiers, we gave them full freedom to retaliate: PM Modi
- Big B on being honoured with Mangeshkar Award: ‘Abhaar aur mera param saubhagya’
Gold prices at record high
Gold appreciated significantly and closed at $1,522.91 (per ounce). Silver followed suit and closed at $18.46 (per ounce).
Hyderabad: Gold appreciated significantly and closed at $1,522.91 (per ounce). Silver followed suit and closed at $18.46 (per ounce). The exchange rates of foreign currencies vis-a-vis Indian Rupee (INR) were: $, Rs 71.74, Euro Rs 78.83, British Pound 87.22, Canadian dollar Rs 54.15, Swiss Franc Rs 72.46, Australian $ Rs 48.34, Kuwaiti Dinar Rs 235.95 and Omani Rial Rs 186.33.
Other economic parameters were: Brent $58.90 (per barrel), Crude oil Rs 3,967, Platinum and Palladium closed at Rs 29,090, (per 10 gms) and Rs 35.423 (per 10gms) respectively while Copper closed at Rs 441.57(per kg).
Gold MCX stood at Rs 39,720 (per 10 gms) and Silver MCX at Rs 46,639 (per kg). Sensex and Nifty 50 closed at 37,332.79 and 11,023.25 points respectively.
At home, the international trend in precious metals was reflected and the prices zoomed to the historic high. During the week standard gold (24 carats) appreciated by Rs 660 and closed at Rs 38,760 (per 10 gms). Ornamental gold too, moved in tandem and was quoted in the range of Rs.36,800-36,900.
Silver (0.999) recorded an appreciation of Rs 2,200 and closed at Rs 46,700 (per kg). The sentiment in gold and silver jewellery market is likely to remain strong.
The investors having switched over their preference from gold to silver, in a couple of weeks silver may touch the record level of Rs 55,000 (per kg) while still gold ruling at higher levels relentlessly.
COMMODITIES
The sentiment in principal wholesale commodity markets in the twin cities was from moderate to strong. According to official estimates the cereals production is likely to be up by 5 lakh tons during 2019-20 at 259 lakh tons.
Considering the buffer stock of 35 lakh tons already available, the next year price situation will be comfortable. Rythu Bazars and the commodity markets located in Begum Bazar, Kishangunj, Mukthyargunj, Risala Abdullah, Mir Alam Mandi, Dilsukhnagar, Kukatpally, Bowenpally, General Bazar witnessed a moderate trend.
Most of the commodities including chillies, coriander, turmeric, tamarind, methi, mustard, rice, wheat, jawar, maize, ragi, ginger etc; either remained steady or remained divergent within narrow margins.
