Pramod Muthalik to contest Assembly polls independently from Karkala
Karkala: Sri Ram Sena chief Pramod Muthalik has said that he would be contesting the upcoming Assembly elections from Karkala constituency as an independent candidate.
Addressing a press meet in Karkala, Muthalik said that he had been urged by many of the Sena members to be their representative and put forth their woes.
“I have made several tours of the region and received a lot of support from the people. The level of corruption is high in Karkala and the people have suffered greatly. I will work diligently against the corrupt activities here,” he promised.
The Sri Ram Sena head said that he did not oppose the BJP or its ideology. Rather, he was fighting against the ideology of specific people in the BJP,” said Muthalik.
“I will never forget the insult meted out to me by the BJP. If they are indeed supporters of Hindutva, the BJP members should support me in Karkala,” he declared.
Sri Ram Sena leaders Gangadhar Kulkarni, Harish Adhikari, Sudhir Hebri, Sundar and Jayaram were present at the meet.
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Gold scales new peak of Rs 1.4 lakh/10g in Delhi markets as global prices hit records
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.
