GOOD AS GOLD
Article Abstract:
The price of gold in India was a record Rs4,390 per 10 gram on October 8, 1998. The rise was not due to the increase in demand during the festival season. It was largely due to the increase in the price of gold in the international market due to the weakening of the dollar against major currencies. Gold is selling at $300-305 in the London market. There has been more buying of gold globally as a cover against the risk of fluctuations in currencies. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CEMENT FIRMING UP?
Article Abstract:
The prices of cement increased by 12 percent in December 1998. The prices have come down in Calcutta and Chennai since October, 1998. The country's production rose by 11 percent in December 1998. In the first nine months of 1998-99 the average increase in cement output was around 3.7 percent. The total cement production in 1997-98 was 83 million tonnes. Cement industry's capacity utilisation has risen to 85 percent (76 percent). (gs) (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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