Mangaluru: The 74th Republic Day was observed with jest and patriotism at Bearys Knowledge Campus at Bearys Institute of Technology on Thursday. The function began with the unfurling of the national tricolor by Chief guest Dr. Lokesh K.M, Professor, Department of History, Mangalore University, Mangaluru. It was followed by saluting the flag and presenting the national anthem

Dr. S.I Manjur Basha, principal, BIT, Dr. Aziz Mustafa, Principal of Bearys Institute of Emerging Sciences, Ar. Khaleel, Principal of Bearys Enviro Architecture Design School and various heads of department.

Dr. Lokesh said, “Republic Day marks the adoption of India's Constitution and the country's transition into a republic on January 26, 1950, and urged the people to abide by the principles enshrined in our Constitution - justice, liberty, equality and fraternity.

Dr. Manjur Basha, who welcomed the gathering, said, “Freedom in the mind, strength in words, pureness in our blood, pride in our souls, zeal in our hearts – let’s salute our India on Republic Day.” He added, “We shall be failing in our responsibilities as citizens of an Independent nation if we do not dedicate ourselves to the service of this nation and take the necessary steps for making Bearys Knowledge Campus dedicated to the service of the nation.”

Dr. Aziz Mustafa spoke about contribution of freedom fighters who gave their lives for the country. He also delivered the vote of thanks.

The event was coordinated by Mr. Safwan, physical director of BIT.

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New Delhi (PTI): Gold prices stayed in ascending order for the second straight day, climbing Rs 2,650 to a fresh peak of Rs 1,40,850 per 10 grams in the national capital on Tuesday, tracking robust trends in the global markets, according to the All India Sarafa Association.

The precious metal of 99.9 per cent purity closed at Rs 1,38,200 per 10 grams on Monday.

So far this year, gold prices in the domestic market have jumped by Rs 61,900, or 78.40 per cent, from Rs 78,950 per 10 grams recorded on December 31, 2024.

Silver also rallied for the second consecutive day, surging Rs 2,750 to touch a record of Rs 2,17,250 per kilogram (inclusive of all taxes). In the previous session, the white metal settled at Rs 2,14,500 per kg after registering a sharp rise of Rs 10,400 per kg.

"An unprecedented rally continues in bullion, with spot gold nearing another milestone at the USD 4,500 mark.

"The latest round of rallies is driven by expectations that the Federal Reserve will deliver more than one rate cut in 2026, alongside rising geopolitical tensions that are strengthening the safe-haven appeal of gold and silver," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

During the calendar year, silver prices have added Rs 1,27,550, or 142.2 per cent, from Rs 89,700 per kilogram recorded on December 31, 2024.

On Tuesday, spot gold increased by USD 54.3, or 1.22 per cent, to hit a record of USD 4,498 per ounce in the international markets.

"Gold has extended its sharp rally to almost USD 4,500 per ounce on geopolitical jitters and weaker dollar as markets expect the Federal Reserve to cut rates more than two times next year," Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said.

During the calendar year, spot gold prices have surged by USD 1,892.23, or 72.62 per cent, from USD 2,605.77 per ounce, recorded on December 31, 2024.

Meanwhile, spot silver rose 1.4 per cent to breach the USD 70-per-ounce mark for the first time in the overseas trade. So far this year, silver prices have soared by USD 41.03, or 141.62 per cent, from USD 28.97 per ounce, recorded on December 31, 2024.

"Investors will now turn their attention towards the second estimate of third-quarter US GDP data, which is due later in the day and might provide clues into the health of the US economy and the future course of Federal Reserve's monetary policy outlook," Renisha Chainani, Head - Research at Augmont, said.