Gold rallies Rs 458 to breach Rs 1.10 lakh mark; Hits all-time high
New Delhi (PTI): Gold prices jumped by Rs 458 to scale an all-time high of Rs 1,10,047 per 10 grams in the domestic futures market on Tuesday, tracking a rally in the global trend where the precious metal hit fresh peaks amid weakness in the US dollar following disappointing labour market data.
On the MCX, the yellow metal futures for December delivery appreciated Rs 458 or 0.41 per cent to hit a lifetime high of Rs 1,10,047 per 10 grams.
Also, the most traded gold futures for October delivery increased Rs 482 or 0.44 per cent to hit a record peak of Rs 1,09,000 per 10 grams on the Multi Commodity Exchange (MCX).
"Gold hit a fresh all-time high, supported by mounting expectations of Federal Reserve interest rate cuts through year-end. Weak US jobs report last Friday led markets to price in three rate cuts this year, including a 25 basis-point cut at the Fed's policy meeting next week," Jigar Trivedi, Senior Research Analyst at Reliance Securities, said.
In the overseas markets, Comex gold futures for December delivery rose to hit an all-time high of USD 3,694.75 per ounce.
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4 held for sexually assaulting woman, girl on moving bus after social media alert in UP's Agra
Agra (UP) (PTI): Four people were arrested, after a prompt response by police following a social media alert, for allegedly sexually assaulting a woman and a girl inside a moving bus here, officials said on Tuesday.
According to an official police statement, at 12:27 am on April 27, information was received on the social media platform X about an incident of sexual assault on a bus travelling from Kanpur to Ahmedabad, which was approaching Namner crossing in Agra.
Acting under the direction of Police Commissioner Deepak Kumar, the Agra Police social media team immediately alerted the Rakabganj police station within minutes and coordinated with the victims to confirm the incident and obtain the exact location, it stated.
Police teams launched intensive checking at Namner crossing and intercepted the bus as it reached the spot. The four accused involved in the incident were apprehended on the spot, and legal action was initiated against them, the statement said.
The police said the swift response and coordination between the social media team and field units ensured timely action, bringing relief to the victims and other passengers, who expressed gratitude towards the police, it added.
