Gold Hits Record High of ₹85,300 Per 10g; Silver Rallies to ₹96,000/kg Amid Rupee Slump & Global Trends

Gold prices surged by Rs 400 to reach a new record high of Rs 85,300 per 10 grams in the national capital on Monday, driven by sustained demand from jewellers and stockists, as reported by the All India Sarafa Association. Traders attributed the rise to the sharp depreciation of the rupee and strong trends in international markets. On Saturday, gold of 99.9% purity had closed at Rs 84,900 per 10 grams, while gold of 99.5% purity rose for the fourth consecutive session, climbing Rs 400 to hit another record high of Rs 84,900 per 10 grams. In the previous trading session, the yellow metal had ended at Rs 84,500 per 10 grams.

Union Budget 2025: No Income Tax on Earnings Up to ₹12 Lakh, Big Relief for Middle Class

Finance Minister Nirmala Sitharaman, in her Union Budget 2025 speech, announced a major tax relief for the middle class by making income up to Rs 12 lakh tax-free. For salaried…

The Story of the Amul Girl: How a Polka-Dotted Mascot Became India’s Timeless Advertising Icon

The Amul Girl is one of India’s most iconic and enduring advertising mascots. She is a hand-drawn cartoon of a young Indian girl dressed in a polka-dotted frock with blue…

India’s Foreign Exchange Reserves Hit 11-Month Low, Continue Decline Amid RBI Interventions

India’s foreign exchange reserves have declined for 15 out of the last 16 weeks, reaching USD 623.983 billion as of January 17, a drop of USD 1.88 billion. This decrease is primarily due to RBI interventions to stabilize the rupee, now over 10% lower than its September peak. Despite the decline, reserves remain sufficient for nearly a year’s imports.

NSE L&T: Infrastructure Giant Loses ₹70,000 Cr Submarine Deal; Shares Drop 1.24%

The Defense Ministry has turned down Larsen & Toubro (L&T)’s proposal to procure six advanced submarines worth ₹70,000 crore under the Indian Navy’s Project 75 India. This ambitious project aims…