Delhi wholesale markets closed in support of Anna
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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.


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

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