It’s not fair to raise voice against Shivakumar: Shamanur Shivashankarappa
Separate Lingayat religion issue
Davangere, October 19: All India Veerashaiva Mahasabha president Dr. Shamanur Shivashankarappa said that “Minister D.K. Shivakumar has apologized for dividing the Veerashaiva Lingayat community in the name of separate Lingayat religion by the previous government. But former ministers M.B. Patil and Vinay Kulkarni should not have raised voice against Shivakumar”.
Speaking to reporters here on Friday, Shivashankarappa said that “We are against to any efforts of dividing the society. At least now, these two leaders should stop dividing Veerashaiva Lingayat community. Adopt the ideals what Basavanna said in your life. We should not have ego based on position and wealth. M.B. Patil should rectify himself and have control over his words”, he said.
D.K. Shivakumar disclosed the truth that the Congress has seen the setback in the election due to Lingayat issue. Siddaramaiah had tried to divide the Veerashaiva Lingayat community yielding to the pressure from M.B. Patil and Vinay Kulkarni. Though the community has more than 2 crore population in the state, it was shown as 70 lakh in the caste census. Except the sub-castes, the Veerashaiva Lingayat community has more than 25 per cent of total population of the state, which means, the Veerashaiva Lingayat community was in first place followed by Vokkaliga community, he said.
Mahasabha National Vice President Athani S. Veeranna was present.
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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.
