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Gold, silver soar as US-Iran deal hopes lift bullion demand

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Gold, silver soar as US-Iran deal hopes lift bullion demand

New Delhi, May 06: Gold prices rebounded by Rs 2,900 to Rs 1.55 lakh per 10 grams in the national capital on Wednesday, while silver climbed to Rs 2.54 lakh per kilogram as easing geopolitical tensions triggered a pullback in oil rates, boosting demand for precious metals.

According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity jumped by Rs 2,900, or nearly 2 per cent, to Rs 1,55,400 per 10 grams (inclusive of all taxes) from Tuesday’s closing level of Rs 1,52,500 per 10 grams.

Traders attributed the surge in bullion prices to reports that Washington and Tehran are close to finalising a framework agreement to end months of conflict, raising the prospects of smoother flows through the Strait of Hormuz and easing inflation concerns tied to energy markets.

“Gold rallied strongly on Wednesday as easing geopolitical tensions triggered a sharp reversal in key macro drivers that had recently pressured precious metals,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

Silver prices also advanced for the third straight session by rising Rs 3,500, or 1.4 per cent, to Rs 2,54,500 per kg (inclusive of all taxes). The metal had settled at Rs 2,51,000 per kg in the previous session, as per the Association.

“The prospect of a diplomatic breakthrough triggered a steep decline in oil prices and the US dollar, easing concerns about inflation while boosting demand for precious metals,” Gandhi said.

Globally, spot gold increased by USD 106.15, or 2.33 per cent, to USD 4,663.70 per ounce while silver gained USD 3.40, or 4.68 per cent, to USD 76.24 per ounce.

“Gold witnessed a sharp rally as markets reacted positively to reports that the US and Iran are moving closer to a one-page agreement framework aimed at ending the conflict,” Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said.

Despite strong international gains, rupee strength limited the upside in domestic gold prices. The market is now highly focused on final confirmation and execution of the proposed deal, he added.

Any negative surprise or breakdown in negotiations could trigger a sharp sell-off in gold, while a successful agreement and sustained ceasefire could push the bullion prices higher in the near-term, Trivedi said.

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J-K LG inaugurates Shri Narsingh Dev Sanskrit Gurukul at Ghagwal

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J-K LG inaugurates Shri Narsingh Dev Sanskrit Gurukul at Ghagwal

Jammu, May 06: The Lieutenant Governor Manoj Sinha today inaugurated the Shri Narsingh Dev Sanskrit Gurukul at the ancient Shri Narsingh Dev Temple in Ghagwal.

He also dedicated a Nakshatra Park and Yoga Dhyan Kendra to the public and laid foundation stone for Shri Narsingh Dev Public Library and Open Air Amphitheatre.

Addressing a gathering of scholars, students and prominent citizens, the Lieutenant Governor emphasized that the establishment of Shri Narsingh Dev Sanskrit Gurukul is a meaningful reconnection with India’s civilizational roots.

“It is a significant step towards cultural renaissance and the strengthening of the ancient Indian knowledge tradition,” he said.

The Lieutenant Governor stated that the land of Ghagwal has historically been a vibrant center of learning where Vedic teachings flourished and the Guru-Shishya tradition thrived, providing students with guidance in the art of living, critical thinking, and the courage to seek the truth.

The Lieutenant Governor highlighted India’s rapid advancement in science, innovation and technology. He further emphasised that the nation’s true strength lies in its cultural consciousness, with Sanskrit playing a vital role in providing a balanced perspective rooted in ethics and duty.

The Lieutenant Governor said that Sanskrit has been a source of essential values and knowledge systems for humanity for centuries. He also recalled the monumental contributions of ancient scholars such as Kautilya, Charaka, Sushruta, Bhaskracharya, Brahmagupta, Aryabhata, and Varahamihira, in shaping the global traditions in mathematics, medicine and philosophy.

He stressed the urgent need to make this vast repository of knowledge accessible in simple, modern language to ensure its relevance for the contemporary world.

The Lieutenant Governor urged the Gurukul management to maintain the highest standards of education by integrating the depth of tradition with the breadth of modernity. He emphasized that the institution must go beyond providing degrees to nurture sensitive, ethical and courageous personalities who can lead the society.

“I believe Shri Narsingh Dev Sanskrit Gurukul will evolve into a centre of excellence by integrating traditional values with modern education,” the Lieutenant Governor said.

The Lieutenant Governor appreciated the efforts of Chudamani Sanskrit Sansthan, Shri Narsingh Dev Temple Management Committee, district administration Samba and congratulated them for their vision, dedication and commitment in establishing the Gurukul.

Surjit Singh Slathia, Member of Legislative Assembly from Samba; Shakti Pathak, Director ACB and President of Chudamani Sanskrit Sansthan; Ramesh Kumar, Divisional Commissioner Jammu; Bhim Sen Tuti, IGP Jammu; Shridhar Patil, DIG JSK Range; Ayushi Sudan, Deputy Commissioner Samba; and other senior officials, and Vedic scholars attended the inaugural ceremony.

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Lieutenant Governor lays foundation stone for various developmental projects in Samba

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Lieutenant Governor lays foundation stone for various developmental projects in Samba

Jammu, May 06: “Our border villages are the inheritors of a rich tradition of courage and resilience. Under the leadership of Prime Minister Narendra Modi, we have shifted the narrative. These are no longer the ‘last villages’ of India; they are our ‘First Villages’,” the Lieutenant Governor Shri Manoj Sinha said on Wednesday.

The Lieutenant Governor was addressing a public rally during his visit to the border village of Regal in the Samba district today, where he initiated and laid the foundation stones for several development projects.

These include establishment of Digital Library at Government Primary School Regal, Construction of Community Hall cum Recreation Centre at Regal, development of Amrit Sarovar at Regal alongwith Drainage Channel, Installation of 03 Open Gyms and Installation of Solar Street Lights.

In his address, the Lieutenant Governor reaffirmed that the Administration is resolute to elevate the border settlements from the periphery of neglect to the forefront of national progress.

“Border villages like Regal are the backbone of India. Our glorious history was forged in the arduous paths of these border villages.

We are committed to safeguarding the dignity of every border village family, ensuring that those who have faced the greatest neglect are now accorded the highest priority in the new era of Jammu Kashmir’s progress,” the Lieutenant Governor said.

The Lieutenant Governor highlighted the Government of India is implementing a comprehensive strategy under the Vibrant Villages Programme, which aims to integrate border populations into the national mainstream with focus on Livelihood Generation, Infrastructure and Connectivity. He said that the programme also aims to saturate all villages in 4 thematic areas- all-weather road connectivity, telecom connectivity, television connectivity and electrification through convergence under existing scheme norms.

“Every effort is being made to ensure that the aspirations of every single citizen are fulfilled, that the development demands of border residents are met.

Furthermore, by adopting a “Whole-of-Government Approach,” we aim to ensure that every target set under the Vibrant Villages Programme is achieved,” he said.

The Lieutenant Governor directed the officials to ensure that every household in the border villages has access to electricity, mobile connectivity, and economic independence.

“We must ensure that by 2030, not a single family in the border villages of Samba remains below the poverty line,” the Lieutenant Governor said.

Responding the demands raised by Member of Legislative Assembly Ramgarh, the Lieutenant Governor reiterated that the administration is committed to providing land ownership rights to displaced persons from PoJK and WPRs.

He also stated that the completion of the Shahpur Kandi Dam would provide a massive boost to the region’s agricultural productivity.

The Lieutenant Governor lauded Regal for becoming a TB-free village and urged continued vigilance regarding clean drinking water and the collective fight against drug abuse.

The Lieutenant Governor also handed over appointment orders to SPOs and sanction letters to various youth of the village and beneficiaries under HADP, Mission Yuva and other schemes.

During his visit to the Regal Border Out Post (BoP), the Lieutenant Governor interacted with the Jawans and lauded their unwavering determination in guarding the nation’s frontiers and commended their exemplary role in Operation Sindoor.

Dr Devinder Kumar Manyal, Member of Legislative Assembly from Ramgarh; Shaleen Kabra, Additional Chief Secretary, Jal Shakti Department; Ashwani Kumar, Additional Chief Secretary, Power Development Department; Anil Kumar Singh, Additional Chief Secretary, Public Works (R&B) Department; Bhim Sen Tuti; IGP Jammu; Brij Mohan Sharma, Principal Secretary Culture; R. Alice Vaz, Commissioner Secretary to Government, Planning and Information; Ramesh Kumar, Divisional Commissioner Jammu; Ayushi Sudan Deputy Commissioner Samba; Anuj Kumar, SSP Samba, senior officials of army, police and civil administration and people in large number were present.

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PM Modi to address 45th anniversary celebrations of The Art of Living

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PM Modi to address 45th anniversary celebrations of The Art of Living

New Delhi, May 06: Prime Minister Narendra Modi will address the landmark celebrations marking 45 years of The Art of Living and the 70th birthday of its founder, Gurudev Sri Sri Ravi Shankar on 10 May 2026, at The Art of Living International Center, Bengaluru.

The event, which draws participants from every walk of life – Government Leaders and civil servants, farmers and engineers, homemakers and CEOs, students and senior citizens, and thousands of international delegates is a unique gathering in celebration of Gurudev’s leadership and the organisation’s reach.

Prime Minister Narendra Modi will deliver the keynote address at the celebrations and will also inaugurate the newly constructed Dhyan Mandir, a dedicated meditation hall, along with landmark nation-wide service initiatives including year-long projects in mental well-being, rural development, nature conservation and social transformation.

A global meditation for World Peace, led by Gurudev Sri Sri Ravi Shankar and open to all, will be held on 13 May 2026 and live-streamed worldwide. 

Founded in 1981 by Gurudev Sri Sri Ravi Shankar, The Art of Living has grown into a global, volunteer-driven humanitarian and educational organisation present in 182 countries, touching over a billion lives through transformative breathing techniques such as Sudarshan Kriya and pioneering grassroots initiatives in well-being and sustainable development. The other main events which will be held as part of month long celebrations include: 

• Global Leadership Dialogues & Summits on ethics in governance, business, media, education, art & culture and civil society. 

• Cultural festivals showcasing music, dance and artistic expressions from across the diverse cultures of the 182 countries where The Art of Living is present. 

• Recognition ceremonies honouring Unsung Everyday Heroes in over 450 districts across India.
• Policy and thematic roundtables on more humane, sustainable approaches to systems and institutions across industries and public services. 

• A policy roundtable on Prisoner Welfare and Policy Reforms on May 25–26, highlighting best practices and the impact of The Art of Living Program for Prison Inmates.

• BIMSTEC Youth Leadership Exchange, held in partnership with the Ministry of External Affairs, Government of India, brought together youth leaders from all seven BIMSTEC countries for a focused leadership immersion at The Art of Living International Center. 

As India asserts itself on the global stage, events of this nature carry significance beyond ceremony. The Art of Living has long served as a carrier of India’s soft power translating ancient wisdom into lived experience for millions who may have had no prior connection to Indian culture or philosophy. 

In this sense, the Art of Living’s 45-year journey is inseparable from the story of India’s growing influence and confidence in the world.

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CM Omar dismisses defection rumours

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CM Omar dismisses defection rumours

Tangmarg, May 06: Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday dismissed speculation about defections from the National Conference, asserting that no party MLA would switch sides to support the BJP.

Speaking to reporters in Tangmarg, CM Omar, per news agency—Kashmir News Observer (KNO), termed the reports baseless and said such claims had no substance.

Responding to questions on allegations involving the Peoples Democratic Party, the Chief Minister said they earlier helped the BJP during Rajya Sabha elections and it had already been established through information obtained under the Right to Information Act. 

Omar also said his government functions independently and does not take instructions from any other organisation, asserting that the administration speaks and acts for itself.

On the reopening of tourist destinations, the Chief Minister said the matter had been discussed in the Assembly and several locations had already been opened, with the remaining destinations to be reopened in a phased manner.

Responding to questions on cabinet expansion, he said a decision would be taken at an appropriate time, without making a specific commitment.

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Oath-taking ceremony of new BJP govt in Bengal to be held on May 9: Party state unit chief

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Oath-taking ceremony of new BJP govt in Bengal to be held on May 9: Party state unit chief

Kolkata, May 06: West Bengal BJP president Samik Bhattacharya on Wednesday announced that the oath-taking ceremony of the new government in the state will be held on May 9.

Bhattacharya told reporters that the swearing-in ceremony will take place at Brigade Parade Ground in central Kolkata from 10 am.

“The new BJP government will take oath on May 9 at 10 am,” he said.

The BJP secured a landslide victory in the recently concluded West Bengal assembly elections, ending the 15-year rule of the Trinamool Congress in the state.

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Indian firms commit record 20.5 billion dollars investments in US at SelectUSA Summit

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Indian firms commit record 20.5 billion dollars investments in US at SelectUSA Summit

New Delhi, May 06: Indian companies have announced a record $20.5 billion in investments in the United States at the 2026 SelectUSA Investment Summit in Maryland, underscoring deepening economic ties between the two countries.

According to the U.S. Embassy in New Delhi, the investments span key sectors such as pharmaceuticals, advanced manufacturing, energy infrastructure and emerging technologies, and are expected to create thousands of jobs while strengthening supply chains.

A major share of the investment is led by the pharmaceutical sector, with more than $19.1 billion earmarked for manufacturing, research and development, and new facilities. This includes a proposed $11.75 billion acquisition of Organon & Co. by Sun Pharmaceutical Industries.

In addition, 12 Indian companies announced over $1.1 billion in new greenfield and expansion projects across multiple US states, covering manufacturing, technology and engineering sectors. These include investments by firms such as Sterlite Technologies and Jindal Pipe.

Speaking at the summit, US Ambassador Sergio Gor said the investments reflect efforts to boost bilateral trade to $500 billion by 2030 through “fair, balanced and mutually beneficial trade”.

The summit, organised under the SelectUSA Investment Summit initiative, connects global investors with opportunities across the United States and facilitates business expansion and partnerships.

Officials said the latest announcements mark the largest investment commitments from India at the event and highlight the growing role of Indian companies in driving economic growth and innovation in the US.

Greater Kashmir

Altaf Bukhari rejects ‘family rule’, calls for people-centric politics in J&K

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Altaf Bukhari rejects ‘family rule’, calls for people-centric politics in J&K

Srinagar, May 06: Altaf Bukhari, president of the Jammu and Kashmir Apni Party, on Tuesday said his party stands for people-centric politics and rejects “family rule” and “deceptive narratives” in Jammu and Kashmir.

Talking to media, Bukhari asserted that the Apni Party was founded on inclusive principles, where “any committed worker can rise to leadership,” emphasizing that neither his family nor relatives are part of politics. He said the party’s primary objective is to represent the people of Jammu and Kashmir in Delhi rather than act as an “agent of Delhi” in the region.

Criticising rival parties, Bukhari alleged that politics in recent elections, particularly in 2024, was driven by “misleading narratives and emotional polarization.” He expressed concern over the growing trend of elections being fought on religious lines, calling it harmful for the democratic fabric of Jammu and Kashmir, which he said traditionally remained above such divisions.

Commenting on national developments, Bukhari referred to the electoral situation in West Bengal, stating that while allegations and counter-allegations are common, the “voice of the people must be respected in a democracy.” He also raised apprehensions about certain electoral processes, suggesting that any move leading to disenfranchisement of communities must be resisted.

On social issues, Bukhari reiterated his party’s demand for a ban on alcohol in Jammu and Kashmir, arguing that if prohibition can be implemented in states like Gujarat and Bihar, it should be considered in J&K as well. He extended support to ongoing anti-drug campaigns, describing substance abuse as a serious threat to society and future generations.

Referring to the security situation, Bukhari said that despite the passage of time since the Pahalgam attack April 2025, several tourist destinations such as Yusmarg and Doodhpathri remain restricted. He urged authorities to ensure adequate security so that tourism and normalcy are fully restored.

Taking a dig at parties like the Jammu and Kashmir National Conference and the Jammu and Kashmir Peoples Democratic Party, Bukhari accused them of “double standards” in their political engagements, particularly in relation to alliances and legislative decisions. He said such parties mislead the public while pursuing their own political interests.

Bukhari maintained that his party will continue to focus on governance, transparency, and public welfare, urging people not to lose hope and to remain engaged in shaping the future of Jammu and Kashmir.(KNS)

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470 ‘honour’ killings reported in Pakistan last year: HRCP

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470 ‘honour’ killings reported in Pakistan last year: HRCP

New Delhi, May 06: At least 470 cases of so-called “honour” killings were reported in Pakistan last year, according to a report by the Human Rights Commission of Pakistan, which described the crime as an “endemic problem” amid rising gender-based violence.

The report said women were killed by family members and close relatives in the name of “honour”. Human rights activists, however, estimate that nearly 1,000 women are murdered annually in such crimes.

The commission termed the trend “alarming”, noting an increase in cases despite stricter laws introduced to curb the practice. More than one-third of the reported cases were from Punjab, where conservative social structures often prevail.

The report also documented 1,332 murders linked to domestic violence, 3,815 rape cases, and 2,586 instances of cyber harassment against women. Overall, incidents of gender-based violence rose by 25 per cent during the year.

Additionally, the report highlighted overcrowding in prisons, with occupancy reaching 171 per cent of capacity, and noted that over 21,600 Pakistani citizens are imprisoned abroad.

Despite legislative measures introduced in 2016, weak enforcement and entrenched social norms continue to hinder efforts to eliminate honour-based violence, the report said.

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Woman mauled by bear in Ganderbal, shifted to SKIMS Soura

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Woman mauled by bear in Ganderbal, shifted to SKIMS Soura

Srinagar, May 6: A woman was injured after being attacked by a wild bear in the forest area of Gund Aku in central Kashmir’s Ganderbal district on Tuesday, officials said.

The injured woman has been identified as Zahida Begum, 32, wife of Mumtaz Ahmad Chechi, a resident of Gund Aku.

Officials said the woman came under attack from a wild bear in the nearby forest area, resulting in injuries.

She was immediately shifted to Primary Health Center (PHC) Gund for treatment. However, after initial medical examination, doctors referred her to SKIMS Soura Srinagar for specialized treatment due to the nature of her injuries.

The incident has triggered concern among local residents, with repeated incidents of man-animal conflict being reported from several forest-adjacent areas of Kashmir in recent years. [KNT]

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