Gold tumbles Rs 350; silver plummets Rs 1,000
New Delhi (PTI): Gold prices tumbled Rs 350 to Rs 63,950 per 10 grams in the national capital on Friday amid weak cues in global markets, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 64,300 per 10 grams.
Silver also plummeted Rs 1,000 to Rs 78,500 per kilogram, while it had settled at Rs 79,500 per kg in the previous close.
Meanwhile, in the futures trade, the February contract of gold declined Rs 244 to Rs 63,145 per 10 grams on the MCX. Also, the March contract of silver plunged Rs 1,166 to Rs 73,793 per kilogram on the bourse.
In the overseas markets, gold and silver were trading lower at USD 2,070 per ounce and USD 23.80 per ounce, respectively.
Spot gold at Comex was trading at USD 2,070 per ounce, down by USD 10 from the previous close in the international markets.
Comex gold dropped as traders locked profit after the precious metal prices hit a three-week high in the previous session, HDFC Securities' Senior Analyst of Commodities Saumil Gandhi said.
Following a recovery in the dollar and rising US Treasury yields are also additional factors that weighed down on the yellow metal, Gandhi added.
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Minimum age for class 1 admission relaxed for 2025-26, says Minister Madhu Bangarappa
Bengaluru, April 17: Karnataka's Primary Education Minister Madhu Bangarappa on Wednesday announced that the state government has relaxed the minimum age requirement for admission to Class 1 for the academic year 2025-26, responding to repeated appeals from parents.
Addressing a press conference in Bengaluru, the minister stated that children who have completed 5 years and 5 months of age as of June 1, 2025, will be eligible for admission into Class 1 for this year. However, from the academic year 2026-27 onwards, the age criterion will return to the earlier requirement — that a child must have completed 6 years of age to enter Class 1.
Madhu Bangarappa clarified that despite the relaxation in age, children must have completed Upper Kindergarten (UKG) before being admitted to Class 1. “We are allowing this concession only for the current academic year, based on the recommendations of the State Education Policy Commission and after considering the requests from parents,” he said.
The minister reiterated that the relaxation is temporary and aimed at ensuring a smooth transition without disrupting the academic plans of parents and schools. He added that the decision aligns with the recommendations of the State Education Policy Commission, which has studied the matter and supported a phased implementation of the revised age criteria.
Parents across the state had earlier expressed concerns over the sudden enforcement of the 6-year age requirement, which they said would affect thousands of children already enrolled in pre-primary levels.
