Ivano-frankivsk national medical university, Higher educational institution in Ivano-Frankivsk, Ukraine

Effects felt in the city gets hit even after being thousands of kilometers awayAurangabad, Feb 24:Russia is 4983 km from Aurangabad and Ukraine is 5235 km away. War broke out between the two countries. However, the effects of war have reached the city that is thousands of miles away. Prices of edible oils, gold and silver, iron, aluminum, steel and casting have skyrocketed in the city.Increase in edible oil pricesIndia is a major importer of sunflower oil from both Russia and Ukraine. As soon as the war broke out, imports stopped and oil prices soared. Wholesale price of sunflower oil rose by Rs 8 per liter on Thursday. Prices had been on the rise for eight days, with signs of war looming.Soybean sees risingSoybean prices have been rising in the international market for the last four days. The price of Soybean in Aurangabad rose by Rs 400 and reached Rs 6,701 per quintal, Gangapur by Rs 7,220 and Lasur Station by Rs 7,000 per quintal.Gold-silver shineAs news of the war spread, gold and silver prices in the city reached a one-and-a-half-year high by noon. Gold rose to Rs 53,000 per 10 grams and silver to Rs 69,000 per kg. But then gold fell by Rs 800 and silver by Rs 2,000. "The price of gold will go up to Rs 54,000 per 10 grams and the price of silver to Rs 70,000 per kg, if the war escalates," said Girdhar Jalnawala, Gold-silver trader.No government controlWhether Central government or state government, no one has control over inflation. The country has enough stocks of any item for three to four months. Inflation in the name of war is wrong, said Vijay Jaiswal, president, Zilla Vyapari Mahasangh.Will affect the industriesIf there is a war anywhere in the world, it affects the industrial area. Most of the auto components are exported from Aurangabad to Europe and America. In comparison, the export to Russia and Ukraine is low. Rising petrol-diesel could make freight in the country more expensive. However, the war will reduce medicine exports to Russia and Ukraine and could hit the pharma industry hard, said Prasad Kokil, chairman, CII Marathwada Zonal Council.

Ivano-Frankivsk National Medical UniversityFOLLOW

Ivano-frankivsk national medical university, Latest News

Russia invades Ukraine It has so far killed 137 people in Ukraine. People are running for their lives. The ... ...

Kiev, Feb 25 Two explosions were heard on Friday in the center of Kiev, Ukraine's capital, as the ... ...

New Delhi, Feb 25 The escalating conflict and ongoing military actions in Ukraine are putting children and adolescents ... ...

Amidst the ongoing conflict in Ukraine, the decision by Pakistani Prime Minister Imran Khan to visit Moscow has been termed 'ill-timed' and 'foolhardy'. ...

Hollywood star Angelina Jolie, who has spent almost two decades working with the United Nations High Commissioner for Refugees, is extremely worried about people's safety in Ukraine. ...

The World Bank, in its statement on Thursday, said that it is ready to provide immediate financial support to Ukraine amid the present political and military crisis. ...

Clouds of war: More than 650 students safe in various provinces of Russia Aurangabad, Feb 24: Two students from ... ...

Effects felt in the city gets hit even after being thousands of kilometers away Aurangabad, Feb 24: Russia is ... ...