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.
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Meghalaya: Interstate ATM theft racket busted, 6 arrested
Shillong (PTI): An interstate racket involved in ATM thefts across several states has been busted, with the arrest of six persons in connection with a break-in at an electronic banking outlet in Meghalaya's Ri-Bhoi district, police said on Wednesday.
The accused were allegedly involved in breaking into an ATM of the Meghalaya Cooperative Apex Bank on April 5, 2024, they said.
Three of the accused were arrested from Barpeta in Assam, while the remaining were apprehended from Haryana, police said.
Ri-Bhoi SP Giri Prasad M said a special police team was constituted to investigate the case.
"With coordinated efforts and assistance from Assam and Haryana Police, we were able to apprehend the accused involved in the ATM break-in," he told PTI.
The case was registered at Umiam police station under sections of the Bharatiya Nyaya Sanhita (BNS).
According to police, the gang used gas cutters to break open the ATM safe and fled with the cash within minutes.
"The group is part of a larger network involved in similar ATM thefts across different states. Further investigation is underway to dismantle the entire network," the SP added.
