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Gold gains on weaker dollar as US-China talks in focus

June 9 (Reuters) – Gold prices rose on Monday, supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at resolving tensions, while platinum extended gains for a sixth straight session to scale a four-year peak. Spot gold rose 0.3% to $3,317.97 an ounce, as of 1124 GMT, after dropping earlier in the session to $3,293.29, its lowest level since June 2. The dollar fell 0.2% against a basket of peers, making bullion cheaper for holders of other currencies. Investors recognise that drivers of gold, including trade and geopolitical tensions, debt concerns and weak economic growth, remain in

Silver soars Rs 1,000 to hit fresh peak of Rs 1.08 lakh/kg; gold falls Rs 280/10 g

New Delhi, Jun 9 (PTI) Silver prices soared Rs 1,000 to hit a fresh peak of Rs 1,08,100 per kilogram in the national capital on Monday, in line with firm global cues, according to the All India Sarafa Association. On Saturday, the metal traded flat at Rs 1,07,100 per kg (inclusive of all taxes). Prior to that, the white metal on Friday had soared Rs 3,000 to hit another record high of Rs 1,07,100 per kilogram. Traders said silver prices surged due to strong investor demand, a weak dollar against major currencies, heightened geopolitical tensions, and firm industrial demand from

IAS officer Dhiman Chakma arrested for ‘accepting bribe’ from businessman

Bhubaneswar, Jun 9 (PTI) The Odisha Vigilance Department on Monday arrested an IAS officer, who was caught allegedly accepting a bribe of Rs 10 lakh from a businessman, an official said. “Today, Dhiman Chakma, IAS (2021 batch), sub-collector of Dharamgarh in Kalahandi district was arrested by Odisha vigilance for demanding and taking a bribe of Rs 10 lakh from a local businessman (complainant) as an installment of the overall demand of Rs 20-lakh bribe,” the department said in a release. Vigilance sleuths laid a trap and caught the IAS officer “while accepting a bribe of Rs 10 lakh”, an official

Rupee rises 4 paise to close at 85.64 against US dollar

Mumbai, Jun 9 (PTI) The rupee appreciated 4 paise to close at 85.64 (provisional) against the US dollar on Monday, supported by a firm trend in domestic equities and foreign capital inflows. However, elevated global crude oil prices and the US dollar against major rivals overseas restricted its rise, traders said. The rupee benefitted from the initial reaction to the RBI rate cut, but the aggressive rate cut narrows the interest rate differential with global peers, they added. At the interbank foreign exchange, the domestic unit witnessed a volatile trading session. It opened at 85.61 and moved between a high

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