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Gold breaches Rs 1.5 lakh/10g-mark; silver surges to record Rs 3.23 lakh/kg

New Delhi, Jan 20 (PTI) Gold prices jumped Rs 5,100 on Tuesday to breach the crucial Rs 1.5 lakh-per-10-gram milestone in the national capital, driven by strong demand in domestic and international markets, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity traded at Rs 1,53,200 per 10 grams (inclusive of all taxes) against the previous closing level of Rs 1,48,100 per 10 grams. Silver prices also strengthened in the local bullion market and scaled a fresh peak. The white metal skyrocketed by Rs 20,400, or nearly 7 per cent, to Rs 3,23,000 per

Indian banks to seek RBI approval for raising bulk deposits, sources say

MUMBAI, Jan 20 (Reuters) – Indian banks will approach the Reserve Bank of India for approval to raise bulk deposits for up to three years compared to the current one year cap, three sources familiar with the discussions said on Tuesday. The suggestion was discussed between bank treasury executives and a market representative body last week, the sources said. The plan to request this change in regulation comes against the backdrop of weak deposit growth for banks and sporadic tightness in banking system liquidity. Banks raise bulk deposits via certificates of deposit (CDs) for a tenor of upto one year

Gold futures shatter Rs 1.5 lakh/10g barrier; silver hits record Rs 3.27 lakh/kg amid global turmoil

New Delhi, Jan 20 (PTI) Gold extended its record-breaking run to breach the Rs 1.5 lakh per 10-gram mark in futures trade on Tuesday, while silver surged to a lifetime high of Rs 3.27 lakh per kg as investors rushed to safe-haven assets amid mounting global tensions. On the Multi Commodity Exchange (MCX), gold futures for February delivery climbed Rs 6,861, or 4.7 per cent, to record Rs 1,52,500 per 10 grams after settling at Rs 1,45,639 per 10 grams in the previous session. Analysts said the yellow metal has been on a relentless upward trajectory since the start of

BJP people who used to ask Muslims ‘kaagaz dikhao’ now telling the same to top Hindu seer: Congress

New Delhi, Jan 20 (PTI) With a notice issued to Swami Avimukteshwaranand Saraswati in Uttar Pradesh seeking an explanation how he was using the title of Shankaracharya, the Congress on Tuesday slammed the BJP and asked whether any government, chief minister or prime minister have any right to question the status of the Shankaracharya. The opposition party also said those BJP people who used to ask Muslims – ‘kaagaz dikhao’ – are now telling the same to the top Hindu seer. Congress’ media and publicity department head Pawan Khera said that on the one hand, the new president of BJP

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