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India, is leading consumer of MCX gold has witnessed a growth of 11.5% in gold production in August at 123 kg while diamond production rose 14.2% to 2861 carats, even as the nation depends on imports to meet a lion’s share of its demand in market for precious metals. More Information about MCX Gold Price visit my site maxcommodity.com
MCX stands for Multi commodity Exchange which is an independent commodity exchange based in India. It was inaugurate in 2003 and is based in Mumbai. It is India's biggest commodity futures exchange
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Higher arrivals from the new crop and last years carryover stocks market at the auction centers pull down the prices of MCX cardamom during the week. Highest arrivals in the range of 77 mt to 70 mt were reported at major auctions. However, reports of robust export data cushioned the rate some extent. The small MCX cardamom exports up by 218% to 590 tonnes and the value surged by 176% to Rs. 5,819.12 lakh. MCX Cardamom ended the week down 4% at Rs. 845.40 per 1 kg.
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State-owned power major NTPC on Friday said its 250 mw unit of Barauni Thermal Power Station in Bihar will start commercial operation from March 1. In a regulatory filing, NTPC said the 250 megawatt (mw) unit of Barauni Thermal Power Station
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• Shares of Max Financial Services (MFS) surged 16 per cent to its fresh 52-week high of Rs 596 on the BSE on Thursday on reports that Axis Bank is in talks to acquire more than 20 per cent stake in Max Life Insurance through fresh issue of equity.
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