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Gold rebounds Rs 3,000; silver rallies Rs 10,000 as easing US-Iran tensions revive bullion demand

New Delhi, Jun 12 (PTI) Gold prices rebounded by Rs 3,000 to Rs 1.56 lakh per 10 grams in the national capital on Friday, and silver advanced by Rs 10,000 to Rs 2.55 lakh per kilogram as signs of a diplomatic breakthrough in the US-Iran standoff rekindled interest in the precious metals. According to local marketmen, the yellow metal of 99.9 per cent purity climbed by Rs 3,000 to Rs 1,56,900 per 10 grams (inclusive of all taxes) from Thursday’s closing level of Rs 1,53,900 per 10 grams. Silver also recovered sharply, surging Rs 10,000 to Rs 2,55,700 per kilogram

U.S.-Iran peace memorandum could be signed on Sunday in Geneva, source says

DUBAI/WASHINGTON/PARIS, June 12 (Reuters) – A memorandum between the United States and Iran to halt the war in ​the Gulf could be signed as soon as Sunday, a Western source told Reuters on Friday, with Geneva emerging as the likeliest venue. The source said language in ‌the memorandum was still being finalised and Iran was sticking to its position that the deal must also end fighting in Lebanon, where Israel has been battling against the Iran-backed Hezbollah militia. The aim was to finalise the wording by Saturday so the agreement could be signed by U.S. Vice President JD Vance and

India’s retail inflation accelerates to 3.93% in May on higher food, fuel costs

NEW DELHI, June 12 (Reuters) – India’s retail inflation rose to 3.93% ​in May, driven by higher food and fuel ‌costs, government data showed on Friday, as the outlook continued to remain clouded by price pressures stemming ​from the Middle East conflict. May’s reading came ​in marginally below Reuters’ projection of 4.0%, and close to the ⁠central bank’s medium term inflation target. The May ​print is the highest in the new series ​launched in January this year with a revised basket of goods and a new base. The data comes after state-owned ​fuel retailers raised fuel prices four times in

TMC’s Lok Sabha revolt: Signature sheets go viral, feature names of 19 MPs

Kolkata, Jun 12 (PTI) The scale of the TMC’s parliamentary revolt came into sharper focus on Friday after purported signatures of 19 party MPs surfaced on a letter to the Lok Sabha Speaker seeking recognition of a separate bloc under Kakoli Ghosh Dastidar and extending support to the BJP-led NDA. The emergence of the signature sheets, however, appears to offer the clearest picture yet of the lawmakers who have aligned with the dissident camp that has challenged the authority of TMC chief Mamata Banerjee in the aftermath of the party’s crushing defeat in the West Bengal assembly elections. PTI could

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