Gold prices slip below ₹1 lakh as hopes rise with Russia-Ukraine-US peace talks
New Delhi: Gold prices dropped below ₹1,00,000 in India on Wednesday due to the potential of trilateral peace negotiations between Russia, Ukraine, and the US, reducing demand for safe haven assets, reported NDTV Profit.
The India Bullion and Jewellers Association said that gold prices were ₹99,530 per 10 grams, down from ₹99,650 on Tuesday. Investors are keeping an eye on US Federal Reserve Chair Jerome Powell's speech for a possible worldwide rate drop.
Gold had touched a high of ₹1,02,090 on August 10, since the last six months. The lowest level was ₹87,100 on April 7. City-wise, gold prices also registered declines. The rate slipped to ₹99,180 per 10 grams (from ₹99,290) in Delhi, while in Mumbai it eased to ₹99,350 (from ₹99,460). Bengaluru quoted gold at ₹99,430 and Kolkata at ₹99,220. The highest price was in Chennai, at ₹99,640 per 10 grams.
On the international market, spot gold was trading at $3,313 an ounce, World Gold Council data showed. Futures for October 3, delivery were 0.70 per cent lower at ₹98,710 on the Multi Commodity Exchange (MCX).
Silver prices also moved lower, correcting 0.86 per cent to $37.98 an ounce in global trade. On MCX, silver futures closed 0.82 per cent lower at ₹1,13,943 per kilogram. As per the India Bullion Association, silver stood at ₹1,13,920 per kilogram, while September 5 futures were marginally higher at ₹1,11,358.
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.
Man arrested for for raping mute woman in Jamshedpur
Jamshedpur (PTI): One person was arrested on the charge of raping a 30-year-old woman with speech impairment in Jamshedpur, a police officer said on Tuesday.
The incident occurred in the Azadnagar police station area of the city, and a case in this regard was registered based on the statement of the victim's brother on Monday.
The victim had gone to fetch water from the premises of a company on Monday evening. When she did not return even after a considerable time, family members went out in search of her and caught the accused red-handed, police said.
ALSO READ: BJP accuses Karnataka govt of 'failing' to prevent noise pollution caused by 'azaan'
The accused was a caretaker of the company.
Deputy Superintendent of Police (Patamda) Bachandeo Kujjur said due to scarcity of water in the area, the victim used to fetch water from the premises of the company.
