Silver jumps Rs 5,000 to hit fresh peak of Rs 2.56 lakh per kg in Delhi markets
New Delhi (PTI): Silver prices surged by Rs 5,000 to hit a new record of Rs 2,56,000 per kilogram in the national capital on Wednesday, amid strong safe-haven demand and robust industrial buying, according to the All India Sarafa Association.
The white metal closed at Rs 2,51,000 per kilogram on Tuesday.
Traders said that escalating tensions between the US and Venezuela have boosted safe-haven appeal, while supply-side constraints and strong industrial usage further amplified the silver prices.
"Silver prices were also driven by sustained buying by the investors and China's export curbs on silver that came into effect from January 1," an expert said.
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Meanwhile, the price of gold of 99.9 per cent purity slipped marginally by Rs 100 to Rs 1,41,400 per 10 grams (inclusive of all taxes), compared to the previous close of Rs 1,41,500 per 10 grams.
"Gold prices experienced a slight decline on Wednesday as investors took profits following a recent rally," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
He added that a recovery in the US dollar also weighed on gold prices, though persistent geopolitical risks continue to support safe-haven demand for precious metals, which is limiting sharp downside.
In the international market, spot gold fell by USD 45.22, or 1.01 per cent, to USD 4,449.87 per ounce.
Spot silver was trading lower by USD 2.55, or 3.15 per cent, to USD 78.69 per ounce. During the session, the white metal climbed by USD 1.45, or 1.8 per cent, to hit an intraday high of USD 82.75 per ounce in the overseas trade.
Renisha Chainani, Head - Research at Augmont, said, "We could see some profit booking from here, but when it breaks the previous top again, the next level to watch for is USD 84 (Rs 2,66,000 per kg) and USD 88.5 (Rs 2,80,000 per kg)."
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‘Nirdiganta’ expands to coastal Karnataka; theatre initiative to be launched in Udupi on January 18
Udupi: After making a mark in Mysuru through continuous theatre activity over the past two-and-a-half years, theatre collective ‘Nirdiganta’ is set to expand its presence to coastal Karnataka, with the launch of ‘Karavaliya Nirdiganta’ in Udupi on January 18.
Addressing a press conference at the Udupi Press Club on Wednesday, theatre practitioner and actor Prakash Raj, one of the founders of Nirdiganta, said the initiative aims to take theatre closer to people through regular performances, workshops and interaction with audiences.
He said the coastal edition of Nirdiganta will feature a three-day programme comprising children’s plays, an educational theatre workshop and stage productions by different theatre groups. All events will be held from January 18 to 21 at the IYC auditorium of Yakshagana Kalaaranga.
“Nirdiganta began in Srirangapatna and has now come to the coast seeking a new bond with theatre lovers here. Let us watch plays together, talk, and share experiences,” Prakash Raj said.
Children’s plays and workshop on opening day
On the first day, January 18, three children’s plays, an educational theatre workshop and the inaugural ceremony will be held.
From 10.30 am to 11.45 am, students of Aruru Morarji Desai Residential School will stage the play Mruga Mattu Sundari, directed by Bindu Rakshidi. This will be followed by the science-based children’s play Curious by students of Karnataka Public School, Kokkarne, from 12.30 pm to 1 pm. The play, which has won a state-level award recently, is written by Varadaraj BirtI and directed by Rohith S. Baikadi.
An educational theatre workshop will be held from 2.30 pm to 4.30 pm, where teachers from the coastal region who have long been associated with both education and theatre will share their experiences. Participants include education expert Dr Mahabaleshwara Rao, DIET Udupi lecturer Dr K Kishore Kumar Shetty, Manipal ENGJC vice-principal Nagendra Pai, teacher Varadaraj BirtI, Surabhi institution’s Sudhakar P Baindoor, and theatre director Arunlal.
Inauguration and evening performances
The inauguration of Karavaliya Nirdiganta will take place at 6 pm on January 18. Writer and thinker Fakir Mohammed Katapadi will inaugurate the event in the presence of Prakash Raj. This will be followed by the children’s play Kuni Kuni Navile, written by H S Venkatesh Murthy and directed by Rohith S. Baikadi.
On January 19 at 6.30 pm, the play Devara Aatmahathye, based on writings by Beechi and Srinivasa Vaidya, will be staged by the Sangama Kalavidera team from Manipal. The play is adapted and directed by Ramesh K Benakal.
On January 20 at 6.30 pm, Nirdiganta will present the play Rama, Krishna, Shiva, based on the writings of Lohia, with adaptation, music and direction by Ganesh Mandarthi.
On the concluding day, January 21, the programme Samateya Haadu will be presented at 6 pm in the presence of Prakash Raj. This will be followed by the play Kodalla Andre Kodalla, adapted from Dario Fo’s Can’t Pay? Won’t Pay?, from 7.15 pm to 9.15 pm. The concept, design and direction of the play are by Shakeel Ahmed.
Raju Manipal, Ganesh Mandarthi, Shakeel Ahmed and others were present at the press conference.
Views on governance and cinema
Responding to a question on Chief Minister Siddaramaiah completing a long tenure in office, Prakash Raj said records are made by many leaders, but Devraj Urs and Siddaramaiah belong to different times and contexts and cannot be directly compared. He said it would be good for the Chief Minister to maintain stronger control over administration and address allegations of corruption in his close circles to ensure transparent governance.
He said he congratulated Siddaramaiah and described him as a strong backward-class leader, but added that he is not someone who only praises and will also raise questions when required. “We are not a political party. We are a continuous opposition,” he said.
On his career, Prakash Raj said he does not believe in looking back and prefers to keep moving forward, adding that the journey of life matters the most.
Speaking about upcoming films, he said he is acting in Rajamouli-directed Varanasi, Purushavatara, Jananayagan starring actor Vijay, and the Hindi film Drishyam 3.
