Delhi wholesale markets closed in support of Anna

Last Updated: Thursday, August 25, 2011 - 22:01

New Delhi: City`s otherwise buzzing wholesale
markets in Sadar Bazar and Khari Baoli and jewellery hubs in
Old Delhi and Karol Bagh wore a deserted look on Thursday as traders
observed one-day bandh in support of Anna Hazare`s fast
demanding a strong Lokpal Bill to end corruption.
Wholesale markets such as oils, sugar, grains, pulses and
non-ferrous metals in Sadar Bazar and Khari Baoli areas in
North Delhi remained closed.

"Walled city area of old Delhi and Karol Bagh in central
Delhi, which have maximum bullion and jewellery shops were
closed as shopkeepers and workers joined the one day bandh
called by various associations," All India Bullion Merchant
Association general secretary Surender Jain said.

The Azadpur wholesale vegetable and fruits market,
however, remained open.

Nearly 25 kg of gold, valued at Rs 6 crore, is transacted
everyday in Karol Bagh alone, said Rakesh Anand of R K
Jewellers, when asked about the impact on business due to the
`bandh`.

He said retail customers missed the opportunity to buy
gold as prices would have declined sharply by as much as Rs
1,500 per 10 gram going by the global trend.
Besides bullion, the auto-parts wholesale market in Karol
Bagh also remained closed.

The response to the `bandh` call was partial in big
retail markets like Lajpat Nagar, Sarojini Nagar and South
Extension in South Delhi, traders said.

Traders pointed out that business was affected ever
since Hazare started the protest on August 16 as traders and
buyers from neighbouring cities postponed their visits to
major markets in the national capital.

PTI



First Published: Thursday, August 25, 2011 - 22:01

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