Gold prices ended flat at R31,200 per 10 gm in Delhi today on lack of buying support at prevailing higher levels. However, silver fell further by R700 to R59,300 per kg on reduced offtake by industrial units and coin makers. Traders said lack of buying support from retailers at the prevailing levels amid the off-season for marriages mainly kept gold prices steady. Reduced offtake by industrial units and coin makers kept pressure on silver prices, they said.
Global steel output up 5.1% in Nov
Global steel production grew by 5.1% in November to 121.6 million tonnes (MT) in which India’s contribution was 6.4 MT.
Global steel output was 115.8 MT in November last year, industry body World Steel Association (WSA) today said. India’s production increased by 6.6% during November compared to the same month last year.
Mustard output may rise 10% this rabi
Production of mustard , a key oilseed grown during the rabi (winter sowing) season, is expected to grow by 10% to 6.5 million tonne in this season on account of good rains and cool temperature in Rajasthan and North India, an industry body said today. In the 2011-12 rabi season, India had produced 5.9 million tonne of rapeseed-mustard, edible oil, industry body Solvent Extractors Association of India (SEA) said. The recent showers and cool temperature in Rajasthan and Northern India will be beneficial to the standing crop.
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