Gold, silver decline

With the beginning of hostilities between China and Taiwan, the US has become active to protect Taiwan so also Japan. On the Russia-Ukraine war front the situation continues to be explosive. The global volatility has added fuel to the fire.

In local markets, standard gold (24 carats) declined by Rs 2,120 and closed at Rs 72,500 (per 10 gm). Ornamental gold too, followed the suit and was quoted in the range of Rs 66,400 – 66,500 on the closing day. Silver (0.999) declined by Rs.500 and closed at Rs. 96,000 (per kg).

Commodities

Rythu Bazars and various commodity markets located in Begum Bazar, Kishangunj, Mukthyargunj, Risala Abdullah, Mir AlamMandi, Dilsukhnagar, Kukatpally, Bowenpally, General Bazar recorded moderate trading. During the week, common pulses such as tuar dal, masoor dal, moong dal and urad dal and commodities like chillies and garlic remained unchanged at their respective last week’s closing levels, while staple food-grains and common edible oil remained steady.