THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, August 14, 2000

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Commodities

Commodities
Wheat prices: Will customers benefit?
THE price reduction of wheat under the open market sales scheme applicable for this month and for September can have a dramatic impact on the commodity's prices in the Southern markets.

Gold likely to trade around $270/oz
GOLD traded in a narrow range between $ 275 and $ 270 per ounce last week with the trend remaining weak although support managed to hold above $ 270/oz. Official price on August 11 was $ 272.20, a decline of 0.5 per cent week-on-week.


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