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Gold, silver jump in Delhi as rupee slides to record low

New Delhi, May 12 (PTI) Gold prices climbed Rs 1,500 to Rs 1.56 lakh per 10 grams in the national capital on Tuesday, and silver soared more than 4 per cent to Rs 2.77 lakh per kilogram, mainly due to a sharp fall in the rupee against the US dollar and firm domestic sentiment amid persistent geopolitical tensions. According to the All India Sarafa Association, gold of 99.9 per cent purity increased by Rs 1,500, or nearly 1 per cent, to Rs 1,56,800 per 10 grams (inclusive of all taxes) from Monday’s closing level of Rs 1,55,300 per 10 grams.

British PM Starmer defies calls to quit, says he’s getting on with governing

LONDON, May 12 (Reuters) – British Prime Minister Keir Starmer defied calls to resign on Tuesday, telling ministers he would “get ​on with governing” despite a “destabilising” 48 hours of growing calls to set out a timetable for his departure after a drubbing in local elections. At a meeting of his ‌cabinet, Starmer, in the top job for less than two years, repeated that, while he took responsibility for one of his Labour Party’s worst election defeats, there had been no official move to trigger a leadership contest. Several loyal ministers expressed their support for him. It was the latest

Retail inflation edges up in April to 3.48% as energy risks grow

NEW DELHI, May 12 (Reuters) – Retail inflation ​quickened to 3.48% in April, driven by dearer food ‌prices, government data showed on Tuesday, with the outlook clouded by risks from rising energy costs tied to the Middle East conflict. April’s reading came in below a ​Reuters’ projection of 3.8% and close to March’s 3.4%. India ​moved to a new series with a revised basket ⁠of goods and a new base in January 2026. Annual inflation has ​steadily accelerated since January, edging closer to the central bank’s 4% ​target, with risks tilted to the upside from elevated oil prices. India’s inflation

Stock markets tank 2 pc as elevated oil prices, US-Iran tensions weigh on sentiment

Mumbai, May 12 (PTI) Equity benchmark indices ended lower for the fourth consecutive session on Tuesday, with the Sensex and Nifty tumbling nearly 2 per cent, as elevated crude oil prices and uncertainty surrounding the West Asia conflict clouded markets’ confidence. Unabated foreign fund outflows and the rupee depreciating to a lifetime low also hit investor sentiment. Amid a widespread sell-off, the 30-share BSE Sensex tanked 1,456.04 points, or 1.92 per cent, to settle at 74,559.24. During the day, it dived 1,565.78 points, or 2 per cent, to 74,449.50. The 50-share NSE Nifty dropped 436.30 points, or 1.83 per cent,

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