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RBI’s gold pile tops $100 billion on surging bullion prices

MUMBAI, Oct 17 (Reuters) – India’s gold reserves crossed the $100 billion mark for the first time, according to the RBI (Reserve Bank of India’s) latest foreign exchange reserves data, buoyed by a global price rally even as the central bank’s purchases slowed sharply this year. India’s gold holdings rose by $3.595 billion to $102.365 billion in the week through October 10, RBI data showed on Friday, while overall foreign exchange reserves declined $2.18 billion to $697.784 billion. The share of gold in India’s total reserves climbed to 14.7%, the highest since 1996-97, according to traders. Gold’s share in India’s

Gold jumps Rs 3,200 to hit record Rs 1,34,800/10 g on festive buying ahead of Dhanteras

New Delhi, Oct 17 (PTI) Gold prices surged by Rs 3,200 to touch a new lifetime high of Rs 1,34,800 per 10 grams in the national capital on Friday, buoyed by strong festive buying by jewellers and retailers ahead of Dhanteras, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had ended at Rs 1,31,600 per 10 grams in the previous session. In tandem, gold of 99.5 per cent purity also jumped by Rs 3,200 to scale an all-time high of Rs 1,34,200 per 10 grams (inclusive of all taxes), up from Thursday’s close

Nitish serving ‘cocktail of crime, corruption and communalism’ to Bihar: Dipankar Bhattacharya

Patna, Oct 17 (PTI) CPI(ML) Liberation general secretary Dipankar Bhattacharya has charged the Nitish Kumar government in Bihar with serving its people a “cocktail” of crime, corruption and communalism, the three “Cs” on which the Chief Minister had promised not to compromise. In an interview with PTI here, the Left leader described as “scary” the situation in the state, where the longest serving Chief Minister claims to have ended “jungle raj” that allegedly prevailed under the rule of RJD, an ally of the CPI(ML)-L. “Nitish ji used to say that he would never compromise on the three Cs – crime,

Gold futures hit record Rs 1.32 lakh/10g amid global worries, Fed easing hopes

New Delhi, Oct 17 (PTI) Gold prices surged by Rs 2,442 to touch an all-time high of Rs 1,32,294 per 10 grams in the domestic futures trade on Friday, driven by safe-haven demand as investors weighed deepening global economic uncertainties and expectations of monetary easing by the US Federal Reserve. On the Multi Commodity Exchange (MCX), the yellow metal futures for December delivery increased by Rs 2,442, or 1.88 per cent, to hit a lifetime high of Rs 1,32,294 per 10 grams. Similarly, the February 2026 contract for gold futures rallied by Rs 2,927, or 2.23 per cent, to hit

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