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Quick view: Gold falls on reduced offtake, weak global cues

Gold prices fell by R130 to R31,240 per ten gram due to reduced offtake at existing higher levels amid a weak global trend.

Gold prices fell by R130 to R31,240 per ten gram due to reduced offtake at existing higher levels amid a weak global trend. Silver also fell further by R720 to R52,610 per kg on lack of buying support from industrial units and coin makers amid a weak global trend. Traders said besides reduced offtake at existing higher levels, weak trend in global markets mainly kept pressure on the prices of precious metals. Gold in New York, which normally set price trend on the domestic front, fell by 23.20 dollar to 1363.30 dollar an ounce and silver by 3.14% to 22.97 dollar an ounce Tuesday night.

Busa Basmati rice set for a comeback in Goa

Agricultural scientists in Goa are trying to revive the cultivation of Busa variety of Basmati rice, which was tried unsuccessfully in the coastal state about a decade back. The India Council for Agriculture Research has been working with the farmers in Taleigao village to shift the paddy cultivation from normal to Busa variety of Basmati rice, which has a high export value. Initial attempts are garnering a good response with farmers coming forward to plant this variety and some even ready to cultivate it on a large area of land in Taleigao village, ICAR scientist Dr H R Prabhudesai said. “This crop grows well in monsoons. The farmers who tried it are now fetching good results.?

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First published on: 12-09-2013 at 20:49 IST
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