Gold breaches Rs 1.21 lakh/10g on US govt shutdown, Fed rate cut bets
New Delhi (PTI): Gold prices rallied by Rs 1,100 to breach the Rs 1.21 lakh per 10 grams mark in the national capital on Wednesday, tracking firm global cues amid the US government shutdown after Congress failed to approve fresh federal funding.
According to the All India Sarafa Association, the precious metal of 99.9 per cent purity jumped Rs 1,100 to hit a fresh peak of Rs 1,21,100 per 10 grams (inclusive of all taxes). It had closed at Rs 1,20,000 per 10 grams on Tuesday.
In the local bullion market, gold of 99.5 per cent purity appreciated by Rs 1,100 to hit a lifetime high of Rs 1,20,500 per 10 grams (inclusive of all taxes) on Wednesday. The yellow metal had settled at Rs 1,19,400 per 10 grams in the previous session.
However, silver prices remained flat at Rs 1,50,500 per kilogram (inclusive of all taxes), also at its record levels, as per the association.
Traders said a weakening labour market has reinforced expectations of imminent interest rate cuts by the Federal Reserve, further lending support to the bullion prices.
In the overseas markets, spot gold rose more than 1 per cent to hit a record high of USD 3,895.33 per ounce, while spot silver increased by nearly 2 per cent to hit a high of USD 47.56 per ounce.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
CSK's Ayush Mhatre ruled out of remainder of IPL 2026 due to hamstring injury
New Delhi (PTI): Chennai Super Kings batter Ayush Mhatre has been ruled out of the remainder of the ongoing IPL season due to a hamstring injury, dealing a major blow to the five-time champions.
The franchise said Mhatre, who sustained the injury during CSK’s previous game against Sunrisers Hyderabad on April 18, will require a rehabilitation period of six to 12 weeks.
"Ayush Mhatre has been ruled out of the remainder of IPL 2026 due to a left hamstring injury sustained while batting during the match against Sunrisers Hyderabad on April 18.
"Ayush's injury will require a rehabilitation period of 6-12 weeks," CSK announced on its social media on Tuesday.
The 18-year-old, who came in as an impact substitute, was seen in visible discomfort and clutched his hamstring while attempting a run during CSK’s 10-run loss to SRH in Hyderabad.
He required on-field treatment and, although he continued briefly, was dismissed soon after.
"It looks pretty bad, unfortunately. And he's going to be a big, big loss because he's been in really nice touch for us," CSK's batting coach Mike Hussey had said at the post-match press conference.
Mhatre has been CSK's standout batter this season. He lea collecting 201 runs from six matches at a strike-rate of 177.87.
Chennai Super Kings have endured a poor start to the 2026 season, losing four of their six matches to languish in eighth place.
