Saturday, September 26
Local gold prices in the country are expected to maintain an upside bias in the second half of 2025, potentially moving from the current range of Rs 96,500-Rs 98,500 per 10 grams toward the psychologically significant Rs 1,00,000 mark, according to a report by ICICI Bank Global Markets.Contrary to the global trend, domestic gold prices grew by 0.6 per cent in June, driven by a mild INR depreciation of 0.2 per cent."Local gold prices are expected to continue trading with an upside bias moving from a near-term range of Rs 96,500 to Rs 98,500 per ten grams to Rs 98,500 per ten grams to the Rs 100,000 per ten grams range in H22025," the report added.In volume terms, gold imports have fallen on a sequential basis, showing that demand is weakening in response to elevated prices. Gold imports of
A Delhi court on Saturday declared UK-based arms consultant Sanjay Bhandari a fugitive economic offender on an Enforcement Directorate plea, officials said.The special court issued the order under the Fugitive Economic Offenders Act, 2018.According to the ED, Bhandari "absconded" to the UK in 2016. India's plea seeking his extradition was recently turned down by a UK court.The ED filed a criminal case of money laundering against Bhandari and others in February 2017, taking cognisance of an Income Tax department charge sheet filed against him under the anti-black money law of 2015.The agency filed a charge sheet against him in 2020.
