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Gold rises Rs 960 to Rs 1.4 lakh/10g amid strong global trends

New Delhi, Jan 5 (PTI) Gold prices climbed Rs 960 to Rs 1,40,400 per 10 grams in the national capital on Monday, tracking strong global trends amid heightened geopolitical tensions, according to the All India Sarafa Association. The precious yellow metal of 99.9 per cent purity had closed at Rs 1,39,440 per 10 grams on Friday. Silver prices also extended their sharp rally, climbing by Rs 2,600 to Rs 2,44,000 per kilogram (inclusive of all taxes) from Friday’s close of Rs 2,41,400 per kg. Traders said both gold and silver were driven by safe-haven demand as geopolitical risks have intensified.

Bangladesh bans IPL broadcasts after Mustafizur snub

DHAKA/NEW DELHI, Jan 5 (Reuters) – Bangladesh’s interim government on Monday banned broadcasts of this year’s Indian Premier League (IPL), the latest flashpoint in a growing row with neighbouring India. The move follows the Indian cricket board’s decision to have Kolkata Knight Riders drop Bangladesh pacer Mustafizur Rahman, who had signed for the IPL franchise for this season. Bangladesh have also refused to play their matches of next month’s Twenty20 World Cup in India, demanding those be staged in Sri Lanka, co-host of the 20-team tournament. The unceremonious dumping of a “star player” like Mustafizur from the IPL “defied logic”

Rupee extends fall for 4th straight session; ends 8 paise lower at 90.28 against US dollar

Mumbai, Jan 5 (PTI) The Indian rupee stayed weak for the fourth straight session and closed 8 paise lower at 90.28 (provisional) against the US dollar on Monday, weighed down by a firm American currency and subdued equity market sentiment. Forex traders said that the renewed geopolitical uncertainties after the US military intervention in Venezuela fuelled dollar demand worldwide even though the falling crude oil prices supported the Indian currency at lower level. At the interbank foreign exchange market, the rupee opened at 90.21 and touched the intra-day low of 90.50 during the session before ending at 90.28 (provisional) against

Stock markets decline on selling in blue-chips amid fresh tariff hike threat by US

Mumbai, Jan 5 (PTI) Equity benchmark indices Sensex and Nifty ended lower on Monday, dragged by blue-chip HDFC Bank, Reliance Industries and IT stocks amid fresh warning from the US to further raise tariffs against India. The 30-share BSE Sensex dropped 322.39 points or 0.38 per cent to settle at 85,439.62. During the day, it tanked 446.68 points or 0.52 per cent to 85,315.33. A total of 2,545 stocks declined, while 1,723 advanced and 203 remained unchanged on the BSE. After hitting a record intra-day high of 26,373.20, the 50-share NSE Nifty failed to carry forward the momentum and declined

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