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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Malpe: Mother of newborn found dead in toilet identified by police; legal action to be taken: SP
Udupi: Superintendent of Police Dr. K Arun has said that police have identified the mother of the newborn child whose corpse was found in a toilet in Malpe and that legal action will be taken against the woman.
The senior officer said that the corpse was found in the toilet at a building near the Jamia Masjid at Malpe Junction on Monday, April 14. In addition, blood stains were seen on the walls of the toilet. Malpe Police had booked a case in the matter based on a complaint filed by the Masjid board.
The team that investigated the matter has now identified the mother as Afreena, a local resident, the officer added.
The woman has told the police that she has one child. Although she opted for an abortion when she was around seven months into pregnancy for her second child, she failed to get medical help to do so. She then tried to abort the child herself and, suffering from intense pain in the stomach, she delivered her second child in the toilet near the mosque. The woman has stated further that she abandoned the newborn child there and left, the SP said.
The woman is currently under treatment in a hospital but will face the law once she is discharged, Dr. Arun added.
The Police Superintendent has said that audio clips are being shared on social media, allegedly stating that the child belongs to other people. Social media users are asked not to spread false information in this manner, he said and warned that legal action will also be taken people who provide such false information.
