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Gold futures rise Rs 274 to Rs 97,297 per 10 gm on spot demand

New Delhi, Jun 25 (PTI) Gold prices on Wednesday increased Rs 274 to Rs 97,297 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 274 or 0.28 per cent at Rs 97,297 per 10 grams in a business turnover of 13,447 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures rose 0.26 per cent to USD 3,332.41 per ounce in New York

Indian descent Mamdani on verge of winning New York City’s Democratic mayoral contest after Cuomo concedes

NEW YORK, June 24 (Reuters) – Indian descent, Zohran Mamdani, a 33-year-old state lawmaker and self-described democratic socialist, was poised on Tuesday to win New York City’s Democratic mayoral primary in a surprising upset over former New York Governor Andrew Cuomo. In brief remarks to supporters, Cuomo, 67, who had been seeking a political comeback four years after resigning amid sexual harassment allegations, said he had called Mamdani to congratulate him. “Tonight is his night,” Cuomo said while conceding the race to Mamdani. Mamdani, who entered the campaign as a virtual unknown, was ahead of Cuomo 43.5% to 36.4% with

Markets surge in early trade tracking rally in global peers

Mumbai, Jun 25 (PTI) Benchmark indices Sensex and Nifty surged in early trade on Wednesday mirroring a rally in global markets amid signs of easing tensions in the Middle East following a ceasefire between Iran and Israel. The 30-share BSE Sensex jumped 426.79 points to 82,481.90 in early trade. The 50-share NSE Nifty climbed 123.25 points to 25,167.60. From the 30-Sensex firms, Titan, HCL Tech, Reliance Industries, UltraTech Cement, Hindustan Unilever and Tata Steel were among the major gainers. Kotak Mahindra Bank and ICICI Bank were the laggards. “Markets are expected to open on a positive note, supported by easing

Rupee rises 13 paise to 85.92 against US dollar in early trade

Mumbai, Jun 25 (PTI) The rupee gained 13 paise to 85.92 against the US dollar in early trade on Wednesday amid hopes of an end to hostilities between Israel and Iran, and a strong opening in domestic equity markets. However, rise in global crude oil prices which had declined for two consecutive sessions and FII outflows limited the gains for the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 86.00 before rising to 85.92, up 13 paise from its previous close. The local unit had logged its steepest single-day gain in nearly five

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