WSA data: Barring 2008, India's the growth in steel consumption has been steady every year
Firm rupee and a drop in global prices led to the fall of gold futures
New fund to be an open-ended fund of fund scheme
The exchange had sought permission to retain 10% stake in NCDEX
G7 talks will attempt to discuss measures to contain the euro zone debt crisis
Intraday trade to be subdued as LME closed, rupee firm
Weak dollar vs the euro also pulled prices higher
High arrivals in the market also pulled prices down
Slack demand, ample supply in physical markerts also weighed on prices
Benchmark contract up over 1% on the MCX
Subdued demand, adequate stock also pressurised prices
Low stocks also supported prices
Increased arrivals also kept prices down
Restricted arrivals also supported prices
However, firmness in rupee vs the dollar capped gains for the metal
Benchmark contract up nearly 0.50%
Higher output, supply pressure in spot market restricted gains