Silver hits Rs 1.5 lakh/kg for first time; gold surges Rs 1,500 to record Rs 1,19,500/10g
_vb_22.jpeg)
New Delhi (PTI): Silver prices on Monday soared by Rs 7,000 to hit an all-time high of Rs 1.5 lakh per kilogram in the national capital, while gold also scaled a new peak of Rs 1,19,500 per 10 grams amid strong global trends, according to the All India Sarafa Association.
The precious metal of 99.9 per cent purity jumped Rs 1,500 to reach a lifetime high of Rs 1,19,500 per 10 grams (inclusive of all taxes), up from Rs 1,18,000 per 10 grams in the previous session.
In the local bullion market, gold of 99.5 per cent purity also rallied by Rs 1,500 to hit a record high of Rs 1,18,900 per 10 grams from Rs 1,17,400 per 10 grams on Saturday.
Silver prices, too, witnessed a sharp rally, climbing Rs 7,000 to touch a record Rs 1,50,000 per kilogram (inclusive of all taxes), extending gains for the fourth straight session. The white metal had ended at Rs 1,43,000 per kg in the previous trade.
In the overseas market, both gold and silver posted robust gains. Spot gold surged nearly 2 per cent to hit an all-time high of USD 3,824.61 per ounce, while silver advanced more than 2 per cent to USD 47.18 per ounce.
According to analysts, the surge in bullion prices was driven by strong global demand and a weakening dollar as investors sought refuge in safe-haven assets amid continued geopolitical and economic uncertainty.
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.
Karnataka tanks hold strong water storage: Minister Boseraju
Bengaluru (PTI): Karnataka Minister N S Boseraju on Tuesday said that minor irrigation tanks across the state are holding good water storage levels, with the 3,788 tanks under the department’s jurisdiction providing life-sustaining water to a large agricultural command area of approximately 4,45,009 hectares.
In a statement, the Minister for Minor Irrigation, Boseraju, said that according to the latest data released by the department, a vast majority of the 3,788 minor irrigation tanks in the state have maintained good water levels.
Detailing the storage status, the report said that even in peak summer, 165 tanks are full.
Additionally, 1,355 tanks have retained more than 51 per cent capacity, 1,143 tanks have water levels up to 50 per cent, and 959 tanks are at roughly 30 per cent storage capacity.
District-wise, Davanagere leads the state in water storage, with 27 tanks remaining full even during summer. Chikkamagaluru follows closely with 46 full tanks, indicating strong water retention.
Other top-performing districts include Hassan, Tumakuru, and Kolar.
Boseraju, who also holds the portfolio of Science and Technology, said 1,184 tanks are being actively filled through 145 tank-filling lift irrigation projects under the Minor Irrigation Department.
He attributed the strong water retention to good monsoon rainfall and effective water management strategies of the government.
“It is encouraging to see such a substantial volume of water stored across our minor irrigation tanks by the end of March, remaining largely intact even as summer progresses. The fact that 1,355 tanks are nearly full and 165 tanks are brimming is a testament to the success of our tank-filling programmes and rejuvenation initiatives,” he said.
“By ensuring a continuous flow of water to these tanks through lift irrigation projects across departments, as well as supplying treated and surface water to the Bayaluseeme districts, we have taken proactive measures to prevent them from drying out during the summer,” the minister said.
According to him, these data points confirm that efforts to build a water-secure Karnataka are yielding strong results at the grassroots level.
“This water wealth preserved in our tanks will bring direct benefits to lakhs of farmers across the 4,45,009-hectare command area,” he added.
