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Gold plunges Rs 4,100 to Rs 1,21,800/10g; drops below USD 4,000-mark in global markets

New Delhi, Oct 28 (PTI) Gold prices dropped by Rs 4,100 to Rs 1,21,800 per 10 grams in the national capital and slipped below USD 4,000 an ounce in the global markets on Tuesday as easing US-China trade tensions dampened safe-haven appeal. According to the All India Sarafa Association, the precious metal had closed at Rs 1,25,900 per 10 grams on Monday. In the local bullion market, gold of 99.5 per cent purity also tumbled by Rs 4,100 to Rs 1,21,200 per 10 grams (inclusive of all taxes) from its previous close of Rs 1,25,300 per 10 grams. “Gold dipped

Retd Justice Ranjana Prakash Desai to chair 8th Pay Comm; Cabinet clears ToR

New Delhi, Oct 28 (PTI) The Cabinet on Tuesday approved the Terms of Reference (ToR) of the 8th Pay Commission, which will be headed by retired Supreme Court judge Ranjana Prakash Desai. The panel’s award is likely to come into effect from January 1, 2026. The recommendations of the 8th Pay Commission will benefit about 50 lakh central government employees and 69 lakh pensioners, a government statement said after the meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi. The Commission will examine and recommend changes in salaries and other benefits of central government employees. It will submit

Congress slams govt for provision of ‘absorption of Agniveers in private security agencies’

New Delhi, Oct 28 (PTI) The Congress slammed the Centre on Tuesday over a purported home ministry notification that said retiring Agniveers may be absorbed in the country’s top 10 private security agencies and asked when a promise was made that pensionable government jobs would be given to them, why are they being sent to such agencies. There was no immediate reaction from the government to the Congress’s claims. Congress’s ex-servicemen department chairman Colonel (retired) Rohit Chaudhry said if the Narendra Modi government could not incentivise the soldiers who performed well during Operation Sindoor, then they should not have been

Rupee falls 8 paise to close at 88.27 against US dollar

Mumbai, Oct 28 (PTI) The rupee depreciated by 8 paise to close at 88.27 against the US dollar on Tuesday on weak domestic stock markets and foreign fund outflows. Forex traders said a weak US dollar and softening of crude oil prices cushioned the downside. Investors are also keeping a watch on the Federal Reserve’s policy decision on Wednesday for further cues. At the interbank foreign exchange market, the rupee opened at 88.34, and later traded in a range of 88.23 to 88.40 during the day. The local unit finally settled at 88.27 (provisional) against the greenback, registering a fall

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