Thursday, July 10, 2025

Creating liberating content

When it comes to elephant volunteering, Thailand’s Elephant Nature Park

Antioxidant power: Every drink above has antioxidants in different forms

Related News

“You have to remain active, sit down, and just do nothing that is bad for your health,” Dr Mahathir told The Straits Times. The advice may sound simple, but the

When it comes to elephant volunteering, Thailand’s Elephant Nature Park is one of the best places to start with. Located near Chiang Mai, this sanctuary rescues elephants from logging camps,

Antioxidant power: Every drink above has antioxidants in different forms – green tea, barley tea, fruit bioflavonoids, which help reduce oxidative stress, a major cause of ageing. Gut-health support: Many

In a move aimed at boosting low-cost fundraising for the renewable energy sector, the central government has accorded tax-saving status to bonds issued by the Indian Renewable Energy Development Agency

Oil India Ltd, entered in a long term agreement with Gail, under which it would be selling natural gas from its Rajasthan field for the next 15 years. The deal

On July 10, 2025, the sacred full moon of Ashadha, celebrated as Guru Purnima, offers a special moment to reflect on the role of a Guru in one’s life. In

Trending News

Oil India Ltd, entered in a long term agreement with Gail, under which it would be selling natural gas from its Rajasthan field for the next 15 years. The deal

India had previously suggested retaliatory tariffs against US automotive duties last week. (AI image) Amidst ongoing trade deal talks, India has proposed retaliatory tariffs on Wednesday against the United States

Asian stock markets mostly advanced on Thursday, supported by hopes that global leaders will reach agreements to ease the impact of US President Donald Trump’s new wave of tariffs. Despite

Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling

MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10%

Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global

Gold breaches Rs 1L mark/10g, including GST

Word Count: 586 | Estimated Reading Time: 3 minutes


Gold breaches Rs 1L mark/10g, including GST

HYDERABAD: After days of flirting with the Rs 1 lakh/10gm mark (24K) on the back of the Donald Trump-Xi Jinping slugfest, gold finally breached this psychological barrier for the first time in the Indian markets on Monday evening after the yellow metal scaled the $3,400/Oz mark to hit yet another all-time high of $3,430 in the international spot market.
“On Monday evening gold was selling at Rs 1,00,250 with taxes (3% GST) in the Delhi market,” confirmed Yogesh Singhal, chairman of the Delhi-based All Bullion & Jewellers Association. On MCX too, prices of the yellow metal hit an all-time high of Rs 97365 (June futures). With this, gold has gained by 30% since Jan 1, 2025, and 14.5% since the April 8, 2025 low of $2982, pointed out Avinash Gupta, vice-chairman, All India Gem & Jewellery Domestic Council.

-

Gupta pointed out that it took time to breach this mark because gold has been selling at a discount of 60-65% to the international price in the Indian market and the Indian Rupee has strengthened due to the weakening dollar amid the tariff wars.
“Due to tariff tensions between China and the United States, China is consistently selling dollars and US bonds to purchase gold, leading to a sharp rise in gold prices. The US President is also attempting to remove Federal Reserve chairman Powell,” said Surendra Mehta, national secretary, India Bullion and Jewellers Association.
According to Saumil Gandhi, senior analyst-commodities, HDFC Securities, factors such as a strong demand for safe-haven assets, driven by the uncertainty surrounding US President Donald Trump’s international trade policies, have heightened the likelihood of a US recession.





Source link

Sign In

Welcome ! Log into Your Account