Gold costs stay upbeat

Hyderabad: Gold remained buoyant inside greater brackets and closed at $1,504.35 (per Ounce) whereas silver, adopted go well with and closed at $17.55 (per Ounce).

Platinum and Palladium additionally marched ahead and closed at $882.60 (per 10 gms) and $1,672.75 (per 10 gms) respectively.

Different financial parameters barring Brent and Crude oil remained agency. Brent closed at $58.23 (per barrel) whereas Crude oil was quoted at Rs 3,735 (per barrel). Gold MCX stood at Rs 38, 055 (per 10 gms) and Silver MCX at Rs 45,379 (per kg).

BSE Sensex and Nifty 50 closed at 37,673.31 and 11,174.75 factors respectively.

Main foreign currency echange’ trade charges have been: $: Rs 70.88, British Pound: Rs 87.35, Euro: Rs 77.77, Singapore $: Rs 51.36, Canadian $: Rs 53.20, Swiss Franc: Rs.71.15, Australian $: Rs.47.95, Saudi Rial: Rs 18.88, Kuwaiti Dinar: Rs 232.81, Omani Rial: Rs 183.94 and UAE Dinar: Rs 19.28.

At dwelling, regardless of greater costs, the buying and selling was brisk, because of the onset of competition season. Whereas the yellow metallic appreciated by Rs 150 on shopping for assist and closed at Rs 38,210 (per 10 gms), decorative gold too moved up in tandem and was quoted within the vary of Rs 36,270 – 36,370 on the closing day.

Silver (0.999), remained unchanged on the earlier week’s closing stage and closed at Rs 45,400 (per kg). The present sturdy sentiment in gold and silver is prone to proceed at the very least for one month from now.


The sentiment in principal wholesale commodity markets within the twin cities was average. Rythu Bazars and the assorted commodity markets positioned in Begum Bazar, Kishangunj, Mukthyargunj, Risala Abdullah, Mir Alam Mandi, Dilsukhnagar, Kukatpally, Bowenpally, Basic Bazar was from average to sturdy.

In the course of the week frequent pulses equivalent to tuar dal, moong dal, urad dal and masoor dal recorded an appreciation within the vary of 6 per cent to 9 per cent, whereas staple meals grains and customary edible oils besides the groundnut oil remained regular on the earlier week’s closing ranges.

Groundnut oil regardless of the accelerated festive demand slided by Rs.30 (per 15 kg tin) and closed at Rs.1,800 (per tin).

The costs of frequent greens eased additional significantly throughout this week additionally because of good rains within the vegetable rising areas.

Widespread greens equivalent to cabbage, cauliflower, ribbed guard, snake guard, girl fingers, cucumber, potatoes, tomatoes and French beans together with different leafy greens recorded a decline in costs within the vary of 12 per cent to 22 per cent.

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