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Gold rebounds Rs 3,600 to Rs 1.52 lakh per 10g ahead of festive season

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Gold rebounds Rs 3,600 to Rs 1.52 lakh per 10g ahead of festive season

New Delhi, Oct 8: Gold prices jumped Rs 3,600 to Rs 1.52 lakh per 10 grams in the national capital on Thursday, rebounding from a two-session slide, as buying interest from jewellers and retailers improved ahead of the festive season.

The 99.9 per cent purity metal climbed Rs 3,600 to Rs 1,52,500 per 10 grams, inclusive of all taxes, according to the All India Sarafa Association.

It had settled at Rs 1,48,900 per 10 grams on Wednesday.

Traders said jewellers typically increase gold purchases in the form of raw material ahead of the festive season, when demand for jewellery tends to rise.

Gold found some support on Thursday after recovering from the two-month low; however, a strong dollar and elevated crude oil prices capped the upside, said Gaurav Garg, Head of Research at brokerage platform Lemonn.

However, silver moved in the opposite direction.

The white metal had resumed its downward march after three sessions of trading flat, falling by Rs 3,000 to Rs 2.24 lakh per kilogram from Rs 2.27 lakh per kg in the preceding session.

The metal hit its lowest level in more than three months, having last traded around this level on June 29.

Globally, spot gold was marginally higher at USD 4,111.94 per ounce, while silver fell over 2 per cent to USD 58.50 an ounce.

“Gold is steady on Thursday at USD 4,120 an ounce in global trade after touching a nine-week low in the previous session,” said Vedika Narvekar, Research Analyst- Commodities & Currencies, Anand Rathi Share and Stock Brokers Ltd.

The recovery remained constrained as renewed tensions in West Asia pushed crude oil prices to USD 105 per barrel, she said.

According to reports, the White House had asked Pentagon to develop strike options against Iranian targets that could be exercised ahead of the US mid-term elections.

Due to these headlines, crude oil prices saw a sudden spike and kept the lid on the yellow metal’s recovery in both domestic and overseas markets, analysts said.

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Explosions are heard in Saudi capital as Riyadh airport is reported closed

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Explosions are heard in Saudi capital as Riyadh airport is reported closed

Cairo, Oct 8: Several explosions were heard in Saudi Arabia’s capital of Riyadh on Thursday, including a large blast at the city’s international airport, a witness told The Associated Press, a day after the kingdom said an attack there killed one person and wounded others.

The cause of the blasts was not immediately known. There was no immediate claim of responsibility. Iran-backed Houthi rebels in neighbouring Yemen have repeatedly claimed attacks against airports, military and oil facilities in Saudi Arabia in recent days.

The blasts had an immediate effect on markets and oil prices as the price of crude jumped.

King Khalid International Airport in Riyadh “closed again,” the Flightradar24 monitor said Thursday on X. “Last landing 80+ minutes ago. Last take off 90+ minutes ago.”

Fire and ambulance crews were deployed and smoke was visible, the witness said, speaking on condition of anonymity because they were not authorised to speak to the media.

The witness said outgoing flights were halted and passengers were instructed to leave all checked-in luggage behind and evacuate the airport. It was not immediately clear how many flights were disrupted.

Saudi authorities did not respond to requests for comment.

On Wednesday, Saudi officials said two attacks on airports claimed by the Houthis had killed three people, as the kingdom was pulled deeper into the latest front in the Iran war. The attack on King Khalid airport killed a Sudanese national and wounded eight other people, and the attack on Abha airport killed Moroccan and Algerian residents and wounded 28 others, officials said.

Attacks on the kingdom, the world’s top oil exporter, have raised alarm. Over the weekend, Saudi Arabia and allied Yemeni forces launched a major ground and air offensive aimed at retaking territory that the Houthis seized a month ago along Yemen’s western Red Sea coast and on the Bab el-Mandeb Strait.

The rebels’ presence on the waterway poses a threat to the crucial shipping alternative to the Strait of Hormuz, where traffic has been curtailed due to the Iran war.

Also Wednesday, the spokesperson for the Saudi-led coalition fighting the Houthis, Maj. Gen. Turki al-Malki, said forces destroyed a platform in Yemen’s rebel-held capital of Sanaa that had been used to launch attacks on the Saudi capital. The AP could not independently verify these claims. (AP)

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CEC Gyanesh Kumar’s security cover increased amid protests over alleged vote irregularities

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CEC Gyanesh Kumar’s security cover increased amid protests over alleged vote irregularities

New Delhi, Oct 8: The Central Industrial Security Force (CISF) on Thursday deployed “additional reserve” personnel to strengthen ‘Z+’ category security for Chief Election Commissioner (CEC) Gyanesh Kumar.

The officials said the move comes amid ongoing protests over alleged irregularities in the ongoing Special Intensive Revision (SIR) of electoral rolls.

The deployment of additional CISF personnel has been stepped up at the Delhi residence of Kumar in New Moti Bagh Colony, at the Election Commission office and as part of his personal security arrangements.

The reinforcement was carried out on October 7 following an order to increase the strength of the additional reserve deployment, officials said.

CEC Kumar is already protected under the Z+ security category, the second-highest level of security cover in the country. The only higher category is the Special Protection Group (SPG) protection extended to the Prime Minister and his immediate family.

Officials said the latest deployment does not represent an upgrade of his existing security category. “Instead, it involves the mobilisation of additional personnel kept in reserve, depending on the prevailing security situation and threat assessment.”

Officials said reserve personnel are deployed as and when required in accordance with the prevailing threat perception.

The official said that the existing Z+ cover remains unchanged, adding that the deployment of additional personnel from the reserve pool was a precautionary measure to strengthen security in view of the current situation.

The political parties who are part of INDIA bloc are staging massive protests nationwide demanding the immediate resignation and removal of Chief Election Commissioner (CEC) Gyanesh Kumar. The alliance has accused the Election Commission of India (ECI) of electoral manipulation and functioning under the influence of the government.

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Canadian poet and essayist Anne Carson wins Nobel Prize in literature

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Canadian poet and essayist Anne Carson wins Nobel Prize in literature

Stockholm, Oct 8: Canadian author Anne Carson won the Nobel Prize in literature Thursday “for her bold and inventive oeuvre that, in playful dialogue with the classical tradition, has created new forms for contemporary literature.”

The prize was announced by the Swedish Academy in Stockholm.

The prize money this year is 12 million Swedish kronor (about USD 1.2 million). (AP)

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Israel says British Consulate in east Jerusalem ceases to function after dispute

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Israel says British Consulate in east Jerusalem ceases to function after dispute

Jerusalem, Oct 08: Israel said on Thursday that the British Consulate in east Jerusalem has “ceased to function” in that capacity and that 20 staffers would leave the country, the latest in what has been the biggest diplomatic friction between the close allies in decades.

Britain said the building would continue to deliver “vital services” and work with Palestinians, and that it would not retaliate by expelling Israeli diplomats as it seeks to rebuild its staff. The sign outside the consulate was taken down.

The dispute began last month when the United Kingdom banned trade with Israeli settlements in the occupied West Bank. The United Nations and much of the international community consider all settlements as illegal.

“Israel will no longer turn its cheek to diplomatic attacks against it,” Israeli Foreign Minister Gideon Saar said in a statement, adding that the building would continue to operate with a “task force” of seven diplomats and a “very limited” scope of activity. Twenty British diplomats will leave Israel, including the consul general.

British Foreign Secretary Ed Miliband said in a statement that the building “will be known as the UK Mission, Jerusalem” after discussions with Israel’s government, and a small team of diplomats would continue to operate there.

“This will ensure that we maintain our longstanding British presence and the UK’s role in support of a two-state solution,” Miliband added.

Britain had threatened to expel Israeli diplomats if the consulate was closed, but said it would not do so for now because it’s in talks with Israel about increasing the UK presence at the mission.

“We will work in the coming months to build back up our presence,” Miliband said.

Meanwhile, “our diplomats are going to be able to carry out their important work in relation to, for example, relations with the Palestinians, but also supporting British nationals visiting the area,” Middle East Minister Stephen Doughty told Times Radio.

Miliband made clear that Britain does “not accept that the government of Israel has the legal right to close the British Consulate General in Jerusalem, which has been there for nearly 200 years.”

The foreign secretary added that the UK government reiterates its view that east Jerusalem “is occupied territory.”

Israel captured the West Bank, along with Gaza and East Jerusalem, in the 1967 Middle East war, territories the Palestinians want for a future state.

Since then, the Israeli government has built scores of settlements that are home to well over 500,000 Jewish settlers. Many settlements resemble fully developed suburbs.

The current government under Prime Minister Benjamin Netanyahu, the most nationalist and religious in Israel’s history, views the West Bank as the biblical and historical homeland of the Jewish people and sees the settlements as key to maintaining security.

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J&K CGD Policy 2026 to expand clean fuel access, boost industrial growth: CM Omar Abdullah

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J&K CGD Policy 2026 to expand clean fuel access, boost industrial growth: CM Omar Abdullah

Srinagar, Oct 08: Chief Minister Omar Abdullah today termed the notification of the Jammu & Kashmir City Gas Distribution (CGD) Policy, 2026 a major step towards expanding access to clean fuel, strengthening industrial competitiveness and modernising the energy infrastructure of Jammu & Kashmir.

Notified following its approval by the Council of Ministers, the policy establishes a clear, investor-friendly and time-bound framework for expanding the use of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) across households, commercial establishments, industries and the transport sector.

The policy envisages phased expansion of City Gas Distribution networks across all 20 districts of J&K, bringing cleaner and reliable natural gas closer to consumers while supporting the transition away from conventional fuels.

A key focus of the policy is to simplify and accelerate project implementation through single-window, time-bound clearances, streamlined procedures for establishing CNG stations and standardised Right of Way norms. It also provides for priority gas connectivity to major industrial estates, including those in Kathua, Samba and Pulwama, to support industrial growth and improve access to reliable energy.

The expansion of PNG and CNG infrastructure is expected to provide safer, cleaner and more affordable energy options, help reduce fuel costs, improve industrial efficiency and competitiveness, and encourage greater investment in the emerging clean-energy sector.

The policy also provides an impetus to local employment, apprenticeships and skill development, creating new opportunities in the construction, operation and maintenance of gas distribution infrastructure and associated services.

Chief Minister Omar Abdullah congratulated Minister for Food, Civil Supplies & Consumer Affairs Satish Sharma and the Department on the notification of the policy, describing it as an important step towards cleaner growth, sustainable development and a modern energy ecosystem in Jammu & Kashmir.

“The City Gas Distribution Policy will help expand clean and reliable energy access while creating an enabling environment for industry and investment. It is an important step towards building a cleaner, more efficient and sustainable energy future for J&K,” the Chief Minister said.

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Nana Patekar a ‘Krantiveer’ who attacked social evils through films: PM Modi

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Nana Patekar a ‘Krantiveer’ who attacked social evils through films: PM Modi

New Delhi, Oct 08: Prime Minister Narendra Modi on Thursday condoled the demise of veteran actor Nana Patekar and said he gave the audience characters that will be remembered for generations.

Modi described Patekar as a “Krantiveer” (revolutionary) and said that through his film with the same name, the actor strongly attacked the evils prevalent in society.

Patekar, known for his versatility and powerful screen presence, died at his Goa residence in the early hours of Thursday.

“Few actors possessed the intensity, individuality and unmistakable presence that Shri Nana Patekar Ji had. He brought remarkable versatility and creativity to every role and gave us characters that will be remembered for generations,” Modi said in a post on X.

The prime minister said Patekar was also admired for his frank and forthright views, never hesitating to express what he believed in.

“Shri Nana Patekar’s contribution to Hindi and Marathi cinema was immense. His passing leaves a deep void. My condolences to his family, friends and countless admirers. Om Shanti,” he said.

Later, Modi paid tributes to the actor while inaugurating the 10th edition of the India Mobile Congress (IMC) 2026 here.

“We received news in the morning that renowned actor Nana Patekar is no longer with us. He was a versatile actor who won people’s hearts through different characters,” he said.

Patekar’s life was dedicated to the glory of the tricolour and he was never confined to any bindings, he said.

The actor used to fly like a bird in the world of films. Through films, he strongly attacked the evils prevalent in society, he said.

“He was such a revolutionary that he worked against social evils,” Modi said.

Patekar’s powerful dialogues and silence were equally impactful and he was always in favour of taking strong action against anti-nationals, the PM said.

“I pay my respects to his family, friends and admirers,” he said.

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Man found unconscious in Samba, dies

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Man found unconscious in Samba, dies

Jammu, Oct 08: A 63-year-old man was found unconscious in the main market area of Vijaypur in Samba district on Thursday, officials said.

An official said that the man was found lying unconscious near a petrol pump along the National Highway in main market, Vijaypur Samba this morning.

He said the man was shifted to Government Hospital Vijaypur, where the attending doctor declared him brought dead.

He was identified as Jagdish Raj (63), son of Dhani Ram, a resident of Thalori Gujran village in Vijaypur.

Meanwhile, police have taken cognizance of the matter and initiated further proceedings.—(KNO)

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India exposes Pak doublespeak at UN, says world has not forgotten 9/11, 26/11 and Pahalgam attacks

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India exposes Pak doublespeak at UN, says world has not forgotten 9/11, 26/11 and Pahalgam attacks

United Nations, Oct 08: Exposing Pakistan’s doublespeak on terrorism at the UN, India has called out Islamabad’s efforts to gloss over its state support for terror by announcing rewards for JeM chief Masood Azahar, underlining that the world has not forgotten 9/11, 26/11 and Pahalgam attacks.

India on Wednesday exercised its Right of Reply in response to the Pakistan representative’s statement in the Sixth Committee of the UN General Assembly on the Agenda Item: Measures to Eliminate International Terrorism.

“Pakistan speaks of combating terrorism while seeking to obscure the very question that this committee must confront: What happens when terrorists are financed, facilitated, trained, sheltered, or supported from the territory of a state?” First Secretary in the Permanent Mission of India to the UN Raghoo Puri said.

He said India has been consistent on this question, underscoring that terrorism cannot be defeated by declarations and instead requires action against its perpetrators, organisers, financiers, and sponsors.

“For years, Pakistan has presented itself as a frontline state in combating terrorism and as a victim while masking the fact that the Frankensteins the Pakistani state has created and lost control over have moved from wreaking havoc in neighbouring countries to doing the same in Pakistan,” Puri said.

Calling out Pakistan’s doublespeak on terrorism, Puri said the country “glosses over its state support for terrorism by announcing enhanced rewards for apprehending UN-listed head of Jaish-e-Mohammed terrorist and mastermind of several attacks against my country, Masood Azhar.”

He said the world is aware of Pakistan’s financial support to terrorism.

“Yet, we also remember that just a few months ago, Pakistani representatives used this forum to call the Jaish-e-Mohammed a defunct organisation. The world has seen the script play earlier, and we are clear-eyed that this time also it is going to be no different,” he said.

Puri said that when the media can reach Azhar and get confirmation from him about the success of Operation Sindoor, “surely the Pakistani state knows his whereabouts”.

In May last year, India had launched Operation Sindoor targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in retaliation for the dastardly April 22 terror attack in Pahalgam in Jammu and Kashmir perpetrated by The Resistance Front, a proxy of Pakistan-based terror group Lashkar-e-Taiba, in which 26 civilians, mostly tourists were killed.

Earlier this month, India had dismissed as “gimmicks” Pakistan’s fresh announcement of a bounty of seven million rupees on Azhar, demanding that Islamabad take “concrete action” to combat terrorism.

India has for years accused Pakistan of sheltering Azhar, while Pakistan has maintained that he fled to Afghanistan – a claim rejected by Afghanistan’s Taliban government.

For the last few years, Islamabad has claimed that the JeM founder has been operating from Afghanistan.

However, the Taliban regime dismissed Pakistan’s repeated claims, with a senior Afghan Foreign Ministry official saying he is not in the country.

Islamabad’s fresh announcement on the reward for information on Azhar came as it faces pressure from the Financial Action Task Force (FATF) to crack down on terror groups and their leadership.

The Paris-based global watchdog is set to review Pakistan’s anti-terrorism efforts at its upcoming plenary.

Pakistan was placed under the FATF grey list between 2018 and 2022 for its systemic deficiencies in anti-money laundering and its failure to counter-terror financing.

Puri also recalled a recent statement by Punjab Chief Minister Maryam Nawaz, daughter of former Pakistan prime minister Nawaz Sharif, who had said,“The unfortunate thing is that the threat [Punjab] faces comes less from my neighbouring countries and more from my neighbouring provinces.”

Exposing this “dark secret”, Puri said, “You cannot run with the hares and hunt with the hounds. Reality never works like that.”

“When terrorist groups are allowed to operate under state political power, international commitments become meaningless and when perpetrators are provided safe havens, the victims of terrorism are denied justice,” he said.

“The world has not forgotten 9/11 and where its perpetrators, including Osama bin Laden, were caught. The world has not forgotten 26/11. The world has not forgotten Pahalgam,” Puri said, adding that the list, “unfortunately”, is painfully long.

“The victims in Pahalgam were not asked about their political orientation, they were asked about their religion. It is therefore deeply ironic that Pakistan speaks of combating religious hatred while allowing the conditions that enable it to persist and thrive, especially by fomenting cross-border terrorism,” he said.

“Pakistan continues with its narrative building, misinformation, and disinformation. If bombed-out airfields and cratered runways look like victory to Pakistan, they are of course welcome to enjoy it,” Puri said.

“Any regime against terrorism to be effective must do two things: assign responsibility and ensure accountability. India will defend its people, and continued terrorism against India will have consequences,” he added.

In another Right of Reply, Puri said India rejected Pakistan’s “circular economy” of words and narratives.

“If this much effort had actually been made in countering terrorism rather than narrative building, misinformation, and disinformation, the world would have been a better place. But nothing more can be expected from a Form 47 government,” he said, referring to a term used to describe allegations of rigging and manipulation in Pakistan’s 2024 general elections.

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Stock markets decline in early trade as RBI signals more tightening

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Stock markets decline in early trade as RBI signals more tightening

Mumbai, Oct 08: Benchmark indices Sensex and Nifty drifted lower in early trade on Thursday as growing prospect of tighter domestic and global monetary conditions persisting for longer, surging crude oil prices and foreign fund outflows dented sentiment.

The 30-share BSE Sensex declined 264.97 points to 72,408.15 in early trade. The 50-share NSE Nifty was down 87.50 points to 22,507.65.

Among the 30 Sensex firms, ITC, Adani Ports, Bharat Electronics, Bajaj Finance, Bajaj Finserv and InterGlobe Aviation were among the major laggards.

Tata Consultancy Services, HCL Tech, Tech Mahindra and Infosys were among the winners.

Brent crude, the global oil benchmark, traded 2.02 per cent higher at USD 102.2 per barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,121.37 crore on Wednesday, according to exchange data.

“The outlook for Indian equities remains cautious after the RBI raised its repo rate to 5.50 per cent, tightening domestic financial conditions at a time when global markets are already contending with elevated Treasury yields and geopolitical uncertainty. Tighter domestic financial conditions and a fragile global risk backdrop could keep investors defensive,” Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.

The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50 per cent on Wednesday, its first hike in nearly four years, while signalling that rate cuts are off the table in the near term and that further hikes could follow amid rising inflation, a weak rupee and high crude oil prices.

The six-member Monetary Policy Committee (MPC) of the RBI voted unanimously to raise the repo rate, and sprang a surprise with a shift in policy stance to “calibrated tightening” from “neutral”.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hang Seng index quoted lower.

US markets ended lower on Wednesday.

“The key overhang is no longer the RBI’s rate increase alone, but the growing prospect of tighter domestic and global monetary conditions persisting for longer, potentially keeping pressure on risk appetite and foreign flows. The RBI’s shift to calibrated tightening, followed by Federal Reserve minutes indicating another US rate increase may be required this year, could limit risk appetite,” Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a research analyst firm, said.

On Wednesday, the Sensex fell 429.11 points, or 0.59 per cent, to settle at 72,638.70. The Nifty declined 173.05 points, or 0.76 per cent, to end at 22,603.05.

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