Punjab CM Amarinder Singh comes to aid of 10-year-old selling socks to support family
Ludhiana (Punjab), May 8: A video of a 10-year-old school dropout selling socks on Ludhiana streets to support his family of seven moved many on social media, including Punjab Chief Minister Amarinder Singh, who announced state aid to fund his education.
The chief minister went on to say Rs two lakh would be given as immediate assistance to the boy's family.
This comes after Vansh Singh was seen in the video, which has been viewed by millions and shared widely, refusing to accept Rs 50 over and above the cost of socks he sold to a customer.
Moved by the gesture, Singh spoke to the boy and his family on a video call on Friday, and said he was impressed by his self-esteem and dignity.
The chief minister then directed the Ludhiana deputy commissioner to ensure that Vansh Singh goes back to school, saying all expenses for his education would be borne by the state government, an official statement said here.
Vansh Singh's father, Paramjit, is a sock seller too and his mother, Rani, a homemaker.
He has three sisters and an elder brother, and the family lives in a rented accommodation in the Haibowal locality.
Spoke on phone to young Vansh Singh, aged 10, a Class II dropout who’s video I saw selling socks at traffic crossing in Ludhiana. Have asked the DC to ensure he rejoins his school. Also announced an immediate financial assistance of Rs 2 lakhs to his family. pic.twitter.com/pnTdnftCDo
— Capt.Amarinder Singh (@capt_amarinder) May 8, 2021
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Gold, silver soar as US-Iran deal hopes lift bullion demand
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.
