Gold hits over 6-year high of Rs 32,625 on festive buzz, global cues
New Delhi, Oct 25 : Gold prices rose by another Rs 125 to trade at over six-year high of Rs 32,625 per 10 gram Thursday, buoyed by pick-up in festive and wedding season demand by local jewellers amid firm global trends and weakening rupee.
Silver, however, remained weak and fell by Rs 130 to Rs 39,600 per kg due to slackened demand from industrial units.
Bullion traders said sentiments also got a boost on firming trend in overseas where gold traded at over three-month high as the dollar eased and equities slumped. Besides, weakness in the local currency also added to investor sentiments.
Globally, gold was trading at USD 1,234.20 an ounce in Singapore Thursday.
Besides, a pick-up in buying by local jewellers to meet seasonal demand at domestic spot markets and diversion of funds from falling equity markets also supported the uptrend, they said.
In the national capital gold of 99.99 and 99.5 per cent purity rallied by Rs 125 each to Rs 32,625 and Rs 32,475 per 10 gram, respectively. This is the highest level since November 29, 2012 when the precious metal had closed at Rs 32,940 per ten gram.
This is the third straight session of gain for the yellow metal which has gained Rs 405 since October 23.
Sovereign gold, however, traded steady at Rs 24,800 per piece of eight gram.
On the other hand, silver ready extended its weakness by prices falling by another Rs 130 to Rs 39,600 per kg. Silver coins, however, remained unaltered at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
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.
Party remains robust, will bounce back, says DMK
Chennai (PTI): Dismissing the shock defeat in the Assembly election as nothing unusual in a democracy, the DMK on Wednesday said it has seen several ups and downs in its long history and asserted that the party workers and office-bearers continue to be energetic and are committed to continuing the good work for people's welfare.
Tracing the party's chequered history, DMK Organisation Secretary RS Bharathi said in 1991 Assembly polls, only the party's late patriarch M Karunanidhi and Parithi Ilamvazhuthi won from Harbour and Egmore segments respectively out of the 234 constituencies in the state.
"So, who can forget 1991? That year we lost. But we bounced back and formed the government in 1996. In our long history of over 7 decades we have seen lots of ups and downs and party workers show determination and continue the good work even when out of power," the DMK leader told PTI.
He said the difference in vote share between his party (24.19 per cent) and the "winning party" (34.92 per cent) is not "very wide."
Bharathi expressed confidence about the party bouncing back and once again emerging victorious.
He and others cited the message of DMK President M K Stalin, thanking the people and asserting that ideology was important rather than victories and defeats alone.
On May 4, the DMK chief asserted that he had seen in his public life, lot of victories and defeats as well. Hence, it is the goal and ideology that was paramount and not merely electoral victories and defeats.
The DMK, which worked efficiently as the ruling party, would from now on work effectively as the main opposition party.
He had further said: "I was truthful to all sections of people; I acted as per conscience, worked beyond my capacity."
Stalin said: "I bow to people's verdict, DMK worked well as ruling party, from now on will be good opposition party. DMK's political journey will continue without any slackness."
When votes were counted on May 4, actor-politician Vijay's TVK created a record of sorts in the electoral history of Tamil Nadu and emerged as the single largest party by delivering a shock defeat to incumbent DMK and its president, Chief Minister Stalin in his Kolathur constituency, while the AIADMK was pushed to a distant third spot.
Vijay and TVK have many firsts to their credit and the party founder will be the first person from a minority religion -Christianity- to helm the state. The assembly election was held on April 23 in Tamil Nadu.
கழகத் தலைவர் மு.க.ஸ்டாலின் அவர்களின் அறிக்கை
— DMK (@arivalayam) May 5, 2026
நடந்து முடிந்த தமிழ்நாடு சட்டமன்றப் பொதுத் தேர்தலில் திராவிட முன்னேற்றக் கழகத்தின் தலைமையிலான மதச்சார்பற்ற முற்போக்குக் கூட்டணிக் கட்சியின் வேட்பாளர்களுக்கு வாக்களித்த தமிழ்நாட்டு மக்கள் அனைவருக்கும் எனது மனமார்ந்த நன்றியை உண்மை… pic.twitter.com/LQtrACGK0z
