New Delhi, Dec 1: The Supreme Court on Monday refused to grant a general extension for the registration of waqf properties under the Waqf (Amendment) Act, 2025.

Bar & Bench reported that a Bench of Justice Dipankar Datta and Justice Augustine George Masih said that those seeking more time must approach the waqf tribunal under Section 3B of the Act. “Go before the tribunal. If six months is not sufficient, that point has already been examined,” the Bench observed.

The six-month deadline for mandatory registration, from the commencement of the amended law, ends this week. The UMEED online portal, launched by the Centre for registrations, also came under criticism during the hearing, but the Court declined to examine technical issues without proof. Petitions, including one by AIMIM chief Asaduddin Owaisi, sought more time citing practical difficulties and slow portal functioning. Senior advocates argued that lakhs of mutawallis may struggle to approach tribunals individually. However, Solicitor General Tushar Mehta said the registration requirement has existed since 1929 and that the law already provides for individual extensions. The Court maintained that any request for more time must be dealt with on a case-by-case basis by the tribunal.

New Delhi, Dec 01: The National Investigation Agency (NIA) on Monday conducted searches at several locations in Jammu & Kashmir and Uttar Pradesh as part of its investigations in the Delhi car bomb blast case.

In a statement issued, the agency said that various digital devices and other incriminating materials were seized during the searches conducted at the premises of several accused and suspects in the two states. A total of eight locations were searched in the districts of Shopian, Kulgam, Pulwama and Awantipora of J&K, and one location in Lucknow (U.P).

NIA had earlier, on 26th and 27th November, conducted extensive searches at the premises of the prime accused, Dr Muzammil Shakeel Ganie and Dr Shaheen Saeed, in the Al Falah University complex and other places in Faridabad (Haryana). A huge quantity of cash, foreign currency, gold and other incriminating materials were seized during those searches, and the same are being minutely examined to unravel the conspiracy that culminated in the bombing.

The anti-terror agency has arrested 07 key accused so far in the case RC-21/2025/NIA/DLI. NIA teams are questioning the arrested accused while continuing to pursue various leads in connection with the November 10 blast outside the Red Fort in Delhi. Eleven persons were killed and several others injured in the deadly terror attack, statement reads.

NIA continues to work closely with various state police forces to track and arrest every member of the terrorist module involved in the bomb attack, statement further reads.

New Delhi, Dec 01: Gold prices surged by Rs 3,040 to Rs 1,33,200 per 10 grams in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.

Analysts said sustained jewellery demand amid the ongoing wedding season supported the precious metal.

The precious metal of 99.5 per cent purity zoomed by Rs 3,040 to Rs 1,32,600 per 10 grams (inclusive of all taxes).

Gold is now inching closer to its all-time high of Rs 1,34,800 per 10 grams (99.9 per cent purity) and Rs 1,34,200 per 10 grams (99.5 per cent), respectively, traders said.

“Gold extended last week’s rally, supported by a softer US dollar, growing expectations of a Federal Reserve rate cut next week, upbeat forecasts from major banks, and continued robust central bank buying, all of which are helping drive the market higher,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

Silver continued its upward march for the fifth straight day, surging by Rs 5,800 to Rs 1,77,000 per kilogram (inclusive of all taxes), as per the association.

In the international market, spot gold rose by USD 42.29, or 1 per cent, to USD 4,261.52 per ounce, as the dollar index was quoting 0.19 per cent lower at 99.27, lending support to bullion prices.

“Spot gold held its gains and trades above USD 4230 per ounce ahead of US manufacturing PMI, ADP employment, services PMI and the core PCE index, alongside speeches from Federal Reserve officials and the Fed Chair Jerome Powell’s remarks later in the day,” Kaynat Chainwala, AVP Commodity Research, Kotak Securities, said.

She added that prospects of Kevin Hassett, who is widely viewed as favouring lower rates, emerging as a frontrunner to replace Fed Chair Powell may reinforce rate-cut bets if US economic indicators soften further.

Since the beginning of the year, the yellow metal has surged by USD 1,656.57, or 63.6 per cent, from USD 2,605.77 per ounce on December 31, 2024.

Rising for the sixth straight day, spot silver gained 2 per cent to hit a fresh record of USD 57.85 per ounce in the global markets. The metal jumped 15.7 per cent over the past week and has doubled so far in 2025, rallying 100 per cent from USD 28.97 per ounce on December 31, 2024.

“Silver’s price has nearly doubled in just 11 months and risen more than gold, even though gold was the most popular commodity in 2025.

“Over the past 12 months, silver has climbed significantly higher than gold, rising 100 per cent in 2025, whereas gold has only increased by 60 per cent,” Renisha Chainani, Head – Research at Augmont, said.

She further stated that it is anticipated that the economy would continue to slow down until 2026 and that the Federal Reserve will probably drop interest rates, which is attracting some investors back.

Chainani explained that in the face of growing supply concerns and rising prospects of additional rate cuts by the Federal Reserve, silver continued to rise, approaching a record USD 58. Due to a short squeeze, silver’s increase this year surprised a lot of investors.

“The 2025 silver bubble, in contrast to previous investment waves, was dependent on a combination of low supply, high Indian demand, industrial demand, and tariffs,” she said.