Mumbai (PTI): Shiv Sena (UBT) leader Uddhav Thackeray on Monday said stand-up comedian Kunal Kamra, being targeted by the Eknath Shinde-led Shiv Sena for labelling the deputy chief minister a traitor, has not done anything wrong.

“Kamra merely expressed his views. He stated the facts and voiced the public opinion,” Thackeray told reporters at Vidhan Bhawan in south Mumbai.

Mumbai police have arrested Shiv Sena functionary Rahul Kanal and 11 others for ransacking the venue at a Mumbai hotel Sunday night where Kamra made the controversial ‘traitor' jibe against Shinde.

“Kamra hasn't done anything wrong...These traitors don’t see Solapurkar and Koratkar who insulted Chhatrapati Shivaji Maharaj,” Thackeray said.

He was referring to protests in the state seeking the arrest of Nagpur-based journalist Prashant Koratkar and actor Rahul Solapurkar for their alleged objectionable remarks against Chhatrapati Sambhaji Maharaj and Chhatrapati Shivaji Maharaj.

Thackeray also demanded that the government give compensation for the damage caused at the venue of Kamra's show following its ransacking by the Shinde-led party's workers.

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New Delhi (PTI): Gold prices rebounded by Rs 2,900 to Rs 1.55 lakh per 10 grams in the national capital on Wednesday, while silver climbed to Rs 2.54 lakh per kilogram as easing geopolitical tensions triggered a pullback in oil rates, boosting demand for precious metals.

According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity jumped by Rs 2,900, or nearly 2 per cent, to Rs 1,55,400 per 10 grams (inclusive of all taxes) from Tuesday's closing level of Rs 1,52,500 per 10 grams.

Traders attributed the surge in bullion prices to reports that Washington and Tehran are close to finalising a framework agreement to end months of conflict, raising the prospects of smoother flows through the Strait of Hormuz and easing inflation concerns tied to energy markets.

"Gold rallied strongly on Wednesday as easing geopolitical tensions triggered a sharp reversal in key macro drivers that had recently pressured precious metals," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

Silver prices also advanced for the third straight session by rising Rs 3,500, or 1.4 per cent, to Rs 2,54,500 per kg (inclusive of all taxes). The metal had settled at Rs 2,51,000 per kg in the previous session, as per the Association.

"The prospect of a diplomatic breakthrough triggered a steep decline in oil prices and the US dollar, easing concerns about inflation while boosting demand for precious metals," Gandhi said.

Globally, spot gold increased by USD 106.15, or 2.33 per cent, to USD 4,663.70 per ounce while silver gained USD 3.40, or 4.68 per cent, to USD 76.24 per ounce.

"Gold witnessed a sharp rally as markets reacted positively to reports that the US and Iran are moving closer to a one-page agreement framework aimed at ending the conflict," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.

Despite strong international gains, rupee strength limited the upside in domestic gold prices. The market is now highly focused on final confirmation and execution of the proposed deal, he added.

Any negative surprise or breakdown in negotiations could trigger a sharp sell-off in gold, while a successful agreement and sustained ceasefire could push the bullion prices higher in the near-term, Trivedi said.