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Gold declines Rs 1,500 to Rs 99,250 per 10 g amid weak global cues

New Delhi, May 8 (PTI) Gold prices declined Rs 1,500 to Rs 99,250 per 10 grams in the national capital on Thursday, following a weak trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,00,750 per 10 grams on Wednesday. Snapping a four-day winning streak, gold of 99.5 per cent purity declined by Rs 1,550 to Rs 98,800 per 10 grams on Thursday. It had settled at Rs 1,00,350 per 10 grams in the previous session. “Gold prices remained highly volatile as multiple global and

‘Not as fragile as flowers’: Supreme Court raps BJP Nishikant Dubey for ‘scandalous’ remarks on judiciary, CJI

New Delhi, May 8 (PTI) The Supreme Court has censured BJP MP Nishikant Dubey for his remarks against it and the chief justice of India, saying they tend to “scandalise” and lower the authority of apex court. “At the same time, we are of the firm opinion that courts are not as fragile as flowers to wither and wilt under such ludicrous statements,” a bench of CJI Sanjiv Khanna and Justice Sanjay Kumar said. Dubey launched a broadside against the apex court for hearing pleas against the Waqf Act, saying “(the) Supreme Court is taking the country towards anarchy” and

Stock markets fall in volatile trade on rising India-Pak tensions

Mumbai, May 8 (PTI) Benchmark Sensex declined by nearly 412 points in a volatile session on Thursday due to selling in banking, FMCG and auto shares triggered by escalating tensions between India and Pakistan. The 30-share Sensex declined by 411.97 points or 0.51 per cent to close at 80,334.81 with 23 of its constituents ending in the red. The index opened higher and traded in a range in the first half of the session. The index hit a high of 80,927.99 in late-morning deals. However, the barometer lost momentum in the afternoon session as selling emerged in FMCG, auto, and

Rupee slumps 84 paise to close at 85.61 against US dollar

Mumbai, May 8 (PTI) Rupee depreciated sharply by 84 paise to close at 85.61 (provisional) against the US dollar on Thursday, weighed down by heightened geopolitical tensions between India and Pakistan. Forex traders said investors resorted to risk aversion in the domestic markets after the Pakistani military attempted a number of military targets in northern and western India using drones and missiles that were neutralised by Indian defence system. Besides, heightened geopolitical risks, positive US dollar index and a rise in crude oil prices also weighed on the rupee. At the interbank foreign exchange, the domestic unit opened at 84.61

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