The story of a cane variety that has transformed the fortunes of Uttar Pradesh’s sugar industry
Scheme 2014 offered 25,040 flats across categories, with prices ranging between Rs 7 lakh and Rs 1.2 crore. The online response was so massive that DDA's official website had crashed soon after the launch.
Brent crude futures, the international benchmark for oil prices, were down 9 cents at $55.77 a barrel.
Gold for delivery in February rose Rs 135, or 0.48 per cent, to Rs 28,515 per 10 grams, in a business turnover of 327 lots.
The greenback is in particular focus for international investors this week as Donald Trump is set to take office as the next US president on Friday.
Price revision likely soon as late kharif crops enter market
Marketmen said that besides a firming trend overseas where gold trade at USD 1,200 an ounce, an increased buying by local jewellers to meet retailers' demand at the domestic spot market kept the prices higher.
Mahalingam said it can take up to a year for the Reits and InVits markets to become active which is estimated to be worth $20-25 billion.
On doing so, customers will get the discounted amount displayed on their screens. This net amount payable will be retail selling price minus incentive amount of Rs 5 per cylinder.
Overall, global growth worries and geo-political risks amid collapsing oil prices have come as a "perfect blend" for gold, which added to its safe haven appeal.
Brent front-month March crude oil futures were 12 cents a barrel or 0.21 percent higher at $56.97.
For farmers, the main source of their woes is a bumper crop.