Bizbits — Silver flares

MUMBAI: Silver prices flared up and gold held steady at the bullion market here on Friday. The sharp rise of Rs 90 per kilo in silver was m...

MUMBAI: Silver prices flared up and gold held steady at the bullion market here on Friday. The sharp rise of Rs 90 per kilo in silver was mainly on account of acute shortage of stocks due to poor arrivals amidst increased industrial demand.

Higher international advices also aided the uptrend. Silver was fixed 6.00 cents higher from 467.50 to 473.50 cents per ounce at the London fix today. Gold, on the other hand, remained steady in the absence of demand and also in the wake of poor arrivals.

Silver ready .999 fineness shot up to Rs 6825, raw silver .916 fineness to Rs 6725 and tenderable silver to Rs 6830, showing a rise of Rs 90 each from the previous close of Rs 6735, Rs 6635 and Rs 6740 respectively. Standard gold was quoted at Rs 4750, 22-carat gold was nominally quoted at Rs 4395 and ten-tola gold bar .999 purity at Rs 55,500.

Enkay Texofood

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MUMBAI: Enkay Texofood Industries has launched the first cent per cent natural orange juice called Onjus. Its products are exported and present clientele comprises world’s leading food majors including Pepsi-Cola, Coca-Cola, Procter & Gamble, Unilvers, Heinz, Nestle etc. Aplab MUMBAI: Aplab Ltd has launched a range of computer interactive retail petrol pumps and dispensers. Aplab had conducted, in conjunction with Bharat Petroleum, a filed test with smart card-controlled petrol pump in Mumbai as a pre-cursor to this launch.

Garware Polyester

MUMBAI: Garware Polyester Ltd (GFL), which achieved the Rs 100 crore in export during 1995-96 has been awarded meritorious export performance. Its exports are affected to sophisticated markets in USA, Europe and Far East. The export includes base polyester film, Sun control film.