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Gold futures hit record Rs 1.27 lakh/10 g, crosses USD 4,200/ ounce on Fed rate cut hopes

New Delhi, Oct 15 (PTI) Gold prices on Wednesday surged by Rs 1,244, reaching a new all-time high of Rs 1,27,500 per 10 grams in domestic futures trade, while the yellow metal breached the USD 4,200 per ounce level in global markets, fuelled by strong safe-haven demand. Analysts said traders rushed to safe-haven assets after renewed geopolitical and trade worries clouded the global economic outlook. The sentiment was further buoyed by remarks from Federal Reserve Chair Jerome Powell, hinting at possible monetary easing later this year. On the Multi Commodity Exchange (MCX), gold futures for December delivery extended their rally

Congress approved candidate names for Bihar polls; got clarity on ‘quality seats’, says Bihar chief Rajesh Ram

New Delhi [India], October 15 (ANI): The Congress party’s Central Election Committee (CEC) has approved a list of candidates for the Bihar Assembly elections and has gotten some clarity on the ‘quality seats’ they want to contest, party’s Bihar president Rajesh Ram said on Tuesday. After atleast a 2-hour-long meeting held at the party’s office in Delhi, the party has made strong decisions on the “quality faces” for the Vidhan Sabha seats Congress plans to contest. However, Congress has not announced the seat-sharing arrangement with its alliance partners as of yet, with party leaders Shakeel Ahmed and Rajesh Ram set

Pakistan, IMF reach staff-level agreement for USD 1.2 bn loan deal

Islamabad, Oct 15 (PTI) Pakistan and the IMF on Wednesday reached a staff-level agreement (SLA) on the country’s loan programmes, paving the way for Islamabad to access USD 1.2 billion, pending approval from the global lender’s board. The Washington-based International Monetary Fund (IMF) will provide Pakistan with USD 1 billion under its Extended Fund Facility (EFF) and USD 200 million under its Resilience and Sustainability Facility (RSF) after approval from the fund’s board. Last week, an IMF mission led by Iva Petrova concluded talks with Pakistani authorities on the second review of the EFF agreed in 2024 and the first

Nothing is well in NDA in Bihar, says Rashtriya Lok Morcha chief Upendra Kushwaha

Patna, Oct 15 (PTI) Expressing dissatisfaction over the seat-sharing arrangement within the ruling NDA in Bihar ahead of the assembly polls, Rashtriya Lok Morcha (RLM) chief and Rajya Sabha MP Upendra Kushwaha on Wednesday said, “This time, nothing is well in NDA.” Kuswaha, who left for Delhi on Wednesday to meet senior BJP leaders, told reporters at the airport that “Everything will be fine. With this hope and belief, we are going to Delhi.” According to party insiders, Kushwaha is not happy with the six seats allotted to his party. He is also not happy with the allocation of the

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