Gold climbs Rs 130 on festive demand
New Delhi, Oct 11: Gold advanced by Rs 130 to Rs 31,980 per 10 gram Thursday following uptick in festive season demand from jewellers and retailers at the domestic spot market despite a weak global trend.
However, silver met with resistance at prevailing levels and declined by Rs 200 to Rs 39,000 per kg.
Bullion traders said gold prices spurted due to surge in festive demand.
Besides, the rupee depreciating to a life-time low of 74.50 (intra-day) against the dollar, making imports costlier, too supported the uptrend in gold, they said.
Globally, gold fell 0.15 per cent to USD 1,193.60 an ounce in Singapore. Silver too eased 0.14 per cent to trade at USD 14.34 an ounce.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 130 each to Rs 31,980 and Rs 31,830 per 10 gram, respectively. The metal had gained Rs 200 yesterday.
Sovereign however remained steady at Rs 24,600 per piece of eight gram.
On the other side, silver ready fell by Rs 200 to Rs 39,000 per kg and weekly-based delivery traded higher by Rs 180 to Rs 38,470 per kg on speculative buying.
Silver coins however remained unchanged at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.
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Jharkhand: 6 arrested for kidnapping Bengal businessman, associate
Khunti (PTI): Six persons have been arrested for allegedly abducting a West Bengal-based businessman and his associate in Jharkhand's Khunti district and demanding a ransom of Rs 10 lakh, police said on Sunday.
The incident occurred on Friday in Tilmi area under the jurisdiction of Jariyagarh police station. Upon receiving information, police rescued both victims, they said.
Torpa Sub-divisional Police Officer Christopher Kerketta said, "We have rescued both the victims and arrested six people for their alleged involvement in the crime."
The businessman, identified as Haru Mukherjee (65), had come to the house of his associate, Vijay Oraon (40), to recruit labourers for work at a brick kiln.
The accused hail from different parts of Khunti, and police also seized a four-wheeler, three motorcycles, and five mobile phones from their possession, the officer said, adding an FIR has also been registered and further investigation is underway.
