Gold crosses Rs 33,000-mark, silver firms up
New Delhi: Gold prices surged by Rs 425 to Rs 33,215 per 10 gram in the national capital Monday due to increased buying by jewellers amid firm trend overseas, according to the All India Sarafa Association.
Silver too rose by Rs 170 to Rs 38,670 per kg on increased offtake by industrial units and coin makers.
Traders said, positive trend overseas and rise in demand from local jewellers led to upward movement in the prices of yellow metal.
In the international market, spot gold was trading higher at USD 1,298.30 an ounce, while silver moved upward to USD 15.23 an ounce in New York.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 425 to Rs 33,215 and Rs 33,045 per 10 gram, respectively.
On Saturday, the yellow metal had closed at Rs 32,790 per 10 gram.
However, sovereign gold held steady at Rs 26,400 per eight gram.
Silver ready advanced by Rs 170 to Rs 38,670 per kg, while weekly-based delivery gained Rs 594 to Rs 37,753 per kg.
On the other hand, silver coins held flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.
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PM Modi speaks to Iranian president, discusses 'serious' situation in West Asia
New Delhi (PTI): Prime Minister Narendra Modi on Thursday night spoke to Iranian President Masoud Pezeshkian over the phone and discussed the "serious situation" in West Asia.
Modi expressed deep concern over the escalation of tensions in the region and the loss of civilian lives as well as damage to civilian infrastructure.
The prime minister told the Iranian President that the safety and security of Indian nationals, along with the need for unhindered transit of goods and energy, remain India's top priorities.
“Had a conversation with Iranian President, Dr Masoud Pezeshkian, to discuss the serious situation in the region. Expressed deep concern over the escalation of tensions and the loss of civilian lives as well as damage to civilian infrastructure,” Modi said in a post on X.
The prime minister also reiterated India's commitment to peace and stability and urged dialogue and diplomacy to end the crisis.
The prime minister had spoken to leaders of several West Asian countries in the last 10 days in the wake of the coordinated offensive launched against Iran by the United States and Israel, in which the Islamic country's Supreme Leader, Ali Khamenei, was killed last month.
In retaliation, Iran has fired drones and missiles at Israel and US military installations around the Gulf region, including the global business and aviation hubs of Dubai and Doha.
Modi earlier spoke to the leaders of Oman, Kuwait, Bahrain, Saudi Arabia, the UAE, Jordan, Israel and Qatar, and expressed concern over the attacks on their countries, and condemned the violation of some nation’s sovereignty and territorial integrity.
He also discussed the welfare and security of the Indian community residing in those countries.
Around 1 crore Indians live in the Gulf and West Asia. While about 10,000 Indian citizens live, study and work in Iran, more than 40,000 live in Israel.
