Gold hits new high, 10 grams of 24-carat touches Rs 1 lakh in Karnataka
Bengaluru: Gold prices in Karnataka have surged to a historic high, with ten grams of 24-carat gold crossing the Rs 1 lakh mark in Bengaluru. Market insiders opined that the trend is likely to continue upward.
As of Monday morning, gold was priced at Rs 10,200 per gram for 24-carat and Rs 9,285 for 22-carat in Bengaluru, excluding GST and additional charges such as making and wastage, as reported by The New Indian Express.
The steep rise comes ahead of Akshaya Tritiya, which falls on April 30 this year, a day considered highly auspicious for purchasing gold and silver.
“The rate of gold is escalating due to prevailing global uncertainty and the US dollar’s continued slide. Historically, gold has been a safe investment. It allows for easy liquidation—no other medium offers that kind of leverage,” TNIE quoted Suresh Kumar Ganna, former president of The Jewellers’ Association, Bengaluru as saying.
He added that in just four months, the price of gold, which was around Rs 75,000 for 10gm, has jumped by over Rs 25,000.
Dinesh Pagaria, Managing Director of JJJ Jewellers Private Limited, noted that gold prices have nearly tripled in six years. “Ten grams of 24-carat gold was within Rs 35,000 in 2019. Now, in 2025, the rate has tripled, standing at around Rs 1,03,000 lakh, excluding GST and other charges,” TNIE quoted Pagaria as saying.
Explaining the recent spike, Pagaria said that they are hearing from gold traders that China is aggressively buying gold and increasing their gold reserves. “They are converting their dollar reserves into gold,” he said.
He described gold as the “only trustworthy global currency,” predicting that prices could jump another 25 percent within the year.
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BJP's Suvendu urges Bengal Guv to order independent judicial inquiry into Messi event fiasco
Kolkata(PTI): Leader of Opposition in West Bengal assembly, Suvendu Adhikari, on Saturday wrote to Governor C V Ananda Bose, seeking an independent judicial inquiry into “administrative incompetence” and “public humiliation of citizens”at the Salt Lake Stadium here during an event featuring football legend Lionel Messi.
In his letter, Adhikari alleged that the stadium, built with public funds, was converted into a “private durbar” for political elites, resulting in humiliation and harassment of spectators who had purchased tickets.
"I write this communication with a profound sense of anguish, constitutional alarm, and moral urgency. What unfolded at the Yuva Bharati Krirangan was not merely an episode of administrative incompetence, it was a public humiliation of citizens, a grotesque exhibition of unrestrained political privilege, and a direct assault on the rule of law in the presence of thousands of witnesses," Adhikari asserted.
He claimed that football fans were denied basic amenities and dignified viewing due to unchecked VIP presence, obstruction of sightlines, and arbitrary restrictions.
Chaos unfolded at the Salt Lake Stadium on Saturday, after spectators resorted to vandalism on failing to catch a glimpse of Messi, alleging gross mismanagement by the organisers and obstruction of views by VIPs.
Police arrested the event’s prime organiser, Satadru Datta, while Chief Minister Mamata Banerjee announced the constitution of a high-level inquiry committee to probe the incident.
Adhikari, in his letter, held the sports department, police authorities and the minister-in-charge of sports and youth affairs responsible, alleging that the situation was “enabled, if not orchestrated”, by the state administration.
He claimed that the conduct of the authorities reflected indifference to public accountability and misuse of power.
The senior BJP leader also took exception to the inquiry committee announced by the chief minister, contending that it lacked independence and credibility.
Adhikari said the panel is headed by Justice (Retd) Asim Ray, who currently holds a statutory post under the administrative control of the state government, and includes senior bureaucrats whose actions are under scrutiny.
"This committee is structurally compromised, legally infirm, and morally indefensible," he said in the letter to the governor.
Adhikari urged Bose to exercise his constitutional authority to order the formation of a truly independent inquiry committee.
He proposed that the committee be headed by a sitting judge of the Calcutta High Court, and assisted by persons of unimpeachable integrity with no institutional, administrative or political affiliation with the state government.
“The issue transcends football, politics, and personalities. It concerns the right of citizens to be treated with dignity, the obligation of the state to act as trustee of public interest, and the duty of constitutional authorities to intervene when the executive becomes a law unto itself,” Adhikari said.
Later, speaking to reporters, he accused the state government of mismanaging the situation at Salt Lake Stadium, and demanded the resignation of the CM.
Adhikari said all those responsible for the fiasco should be arrested, and spectators must be provided refunds.
He alleged that senior Trinamool Congress leaders and their associates crowded around Messi, leaving thousands of fans at the stadium deprived of catching a clear glimpse of the football star.
“This was a case of misuse of power at the cost of ordinary citizens. The chief minister must take moral responsibility, those responsible for the incident should be arrested, and every fan who was cheated must get a refund,” Adhikari asserted.
He added that public anger would not subside without accountability and corrective action.
