Gold, silver prices tumble on weak global cues

June 20, 2013

Gold_silver_pricesNew Delhi, Jun 20: Both the precious metals, gold and silver tumbled in the national capital on Thursday on heavy sell-off by stockists, triggered by a weak trend in overseas markets.

While gold fell by Rs. 400 to Rs. 28,000 per ten grams, silver plunged by Rs. 1,500 to Rs. 43,100 per kg on poor offtake.

Traders said sentiment dampened after gold fell to the lowest in more than 2.5 years after U.S. Federal Reserve Chairman Ben S Bernanke said asset purchases may be reduced later this year as the U.S. economy recovers.

However, marketmen said, weakening rupee, which made imports costlier, cushioned the fall to some extent.

Meanwhile, rupee after touching life-time low of 60 against the dollar, was trading at 59.77, still down by 107 paise over its on Wednesday’s close of 58.70.

Gold in London, which normally sets price trend on the domestic front, dropped by 3.4 per cent to $ 1,304.75 an ounce, its lowest since September 30, 2010. Silver fell by 6.2 per cent to $ 20.08 an ounce, the cheapest since September 14, 2010.

On the domestic front, gold of 99.9 and 99.5 per cent purity plummeted by Rs. 400 each to Rs. 28,000 and Rs 27,800 per ten grams, respectively.

The yellow metal had lost Rs. 80 on Wednesday. Sovereign followed suit and declined by Rs. 200 to Rs. 24,200 per piece of eight gram.

In a similar fashion, silver ready dropped by a whopping Rs. 1,500 to Rs. 43,100 per kg and weekly-based delivery by Rs. 1,280 to Rs. 42,450 per kg. Silver coins also nosedived by Rs. 2,000 to Rs. 78,000 for buying and Rs. 79,000 for selling of 100 pieces.

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News Network
January 22,2020

New Delhi, Jan 22: The BJP on Wednesday cited statements of several opposition leaders to accuse them of "abusing" Hindus for their appeasement politics and referred to the Congress as "Muslim League Congress".

Seeking apologies from Congress president Sonia Gandhi and NCP chief Sharad Pawar, BJP spokesperson Sambit Patra said leaders of these parties have used the ongoing protests against the amended citizenship law to "abuse" Hindus.

Chavan has said in a public meeting that the Congress decided to join hands with the Shiv Sena to form government in Maharashtra as Muslims wanted the party to stop the BJP, Patra stated, claiming that it shows the opposition party has nothing to do with people belonging to other religions, including Hindus.

Patra also referred to a statement from an NCP leader to attack the opposition.

Asked about Congress leader Mallikarjun Kharge's reported jibe at the RSS for its "non-participation" in the freedom movement, the BJP leader shot back, asking if parents of Sonia Gandhi, who is of Italian origin, had fought in India's independence struggle.

The Indian National Congress, he said referring to the opposition party's full name, should be called "Muslim League Congress".

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Keshu
 - 
Thursday, 23 Jan 2020

LOL...this is a waste body

This guy cannot even debate with Kanaiah kumar.

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News Network
January 15,2020

Jammu, Jan 15: Fresh landslides kept the Jammu-Srinagar National Highway shut for the third consecutive day on Wednesday, leaving over 5000 vehicles stranded.

"There were four fresh landslides in Digdol and Panthiyal belts on the highway in Ramban district. The traffic on the highway remained closed for the third day today", a police officer told PTI.

On Monday, heavy rains triggered shooting of stones in Moumpassi, Digdole and Panthiyal areas, forcing a suspension of the traffic, the official said.

Snowfall in Kashmir side of the highway, including Jawahar Tunnel, since Sunday has resulted in blockade of the highway.

"No fresh traffic was allowed from Nagrota in Jammu for Kashmir", he said.

As a result of the blockade of the highway, over 5000 vehicles remained stranded at various places en route from Lakhanpur in Kathua district to Banihal belt of Ramban district and also on the Kashmir side.

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Agencies
January 12,2020

New Delhi, Jan 12: A fact-finding committee of the Congress on the JNU violence on Sunday said the January 5 attack inside the university campus was "state-sponsored" and recommended Vice Chancellor M Jagadesh Kumar be dismissed and criminal investigation initiated against him.

The Congress had appointed a four-member fact-finding committee to carry out a detailed inquiry into the violence at the Jawaharlal Nehru University (JNU).

Sushmita Dev, member of the committee, said the committee recommended that Kumar should be dismissed immediately and all the appointments in faculty should be probed and independent inquiry should take place.

"Criminal investigation must take place against the VC and faculty members and the security company," the Mahila Congress chief said.

"It is clear that the attack on JNU campus was state-sponsored," Dev said.

She also demanded a complete rollback of the JNU fee hike.

The other members of the fact-finding committee are Hibi Eden, MP and former NSUI president, Syed Naseer Hussain, MP and former president of JNU NSUI and Amrita Dhawan, a former NSUI president and ex-DUSU president.

On January 5 night, masked people armed with rods and sticks stormed the JNU campus and assaulted students and faculty members, and vandalised property, leaving several people injured.

Leftist outfits and the RSS-affiliated Akhil Bharatiya Vidyarthi Parishad (ABVP) blamed each other for the violence.

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