Vijayawada: Soaring gold prices have become a major concern for the people ahead of the summer wedding season. Gold price touched a record high mark of 6,627 per gram in city on Saturday resulting in sudden fall in demand. Gold ornaments play a key role in Telugu weddings. No weddings are complete without gold which is often gifted in the form of ‘Sthree Dhana’ to the bride by her paternal family members.Gold prices shot up globally in last 10 days and recorded an increase of 430 per gram. As a result, demand for gold fell significantly and gold shops wore a deserted look. “We are experiencing huge losses for last 10 days with fall in sales. Predictions of gold rate touching 7,200 per gram is creating panic among the buyers. This is a mighty blow ahead of wedding season for us,” said Dogiparthi Sumanth, a jeweller and member of Vijayawada Jewellers Association. Buyers are unhappy over the gold prices. “Gold and Telugu weddings cannot be seen separately. Even poor and middle class buy gold during weddings. Surge in prices during wedding season is definitely a big blow. We are eyeing to buy around 100 grams of gold for my daughter’s wedding and we need to pay 40,000 extra with the price hike,” said K Madhava Rao, a retired employee. Sources said the gold price is expected to increase significantly in next 10 days and stablilise at 6,700 per gram in city. Meanwhile, a few jewellers are offering huge discounts on wastage and making charges to attract buyers.

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Gold surges Rs 800 to hit record high of Rs 65,000 per 10 grams

Gold prices in Delhi markets reached a new record high of Rs 65,000 per 10 grams, driven by global trends and speculation of US interest rate cuts. Silver surged to Rs 74,900 per kg. International gold prices rose to USD 2,110 per ounce.

Gold jumps Rs 500 to scale record high of Rs 65,650 per 10 grams

Gold prices in Delhi rose to Rs 65,650 per 10 grams, while silver prices reached Rs 74,900 per kg. Spot gold at Comex hit $2,152 per ounce in Asian trading hours. The upcoming US CPI data and non-farm payroll will impact gold trends, according to Jateen Trivedi of LKP Securities.

Gold price today: Gold rate hits new high; March gains surpass Rs 2,700; what you should know

Gold prices on MCX reached a new peak of Rs 65,298 per 10 grams, driven by expectations of a US Federal Reserve interest rate cut. Silver futures increased. Weakness in the dollar and strong demand, particularly from China, supported the rise in gold prices. Silver futures declined.

CORTINA D’AMPEZZO, Italy — Eliot Grondin took home the gold medal in snowboard cross at the FIS World Cup on Saturday.

The Quebec native won all four of his races to take home his fifth gold of the season, while also finishing with the fastest qualifying time (38.60).

American Jake Vedder finished with silver, while Australian Jarry Hughes rounded out the top three.

Grondin sits atop the leader board after netting two back-to-back silver medals in World Cup snowboard cross action in Spain last week.

The 22-year-old also won a bronze medal earlier this season.

Victoria’s Meryeta O’Dine finished 11th on the women’s side, making the quarterfinals with a time of 41.99.

This report by The Canadian Press was first published March 9, 2024.

The Canadian Press

KARACHI: Gold prices in Pakistan continued to increase sharply as per tola price witnessed an increase of Rs1,600 in the local market, ARY News reported.

The gold price increased by Rs1600 to reach at Rs230,200 in the domestic market.

Similarly, the price of 10 grams of 22-karat gold also saw an upward trend to trade at Rs180,913.

Meanwhile, Pakistan Stock Exchange (PSX) experienced a week of positive trends and notable growth in business activities after general elections.

At the close of the business week, the KSE-100 index stood at 65,793 points, marking a gain of 468 points or (0.70%).

During the week, the KSE-100 index reached its peak at an impressive 66,150 points reflecting the confidence of investors. However, the lowest KSE-100 index reaching its at 65,187. Such variations are inherent in the stock market, prompting investors to carefully monitor the market dynamics and make informed decisions.

first published: March 09, 2024, 13:39 IST

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The Damien Hardwick era at Gold Coast begins on Saturday, with the Suns hosting Richmond — the club Hardwick famously led to three premierships in four seasons.

The Suns late last season parted ways with Stuart Dew then made a bold move for Hardwick, who signed a long-term deal with coach Gold Coast.

It came after Hardwick sensationally left the Tigers mid-season citing burnout, despite being contracted to Richmond until the end of 2024 season.

The only place to watch every game of AFL’s Opening Round is Fox Footy, available on Kayo. New to Kayo? Start your free trial today >

MATCH CENTRE: Gold Coast Suns v Richmond stats and more

Richmond legend Jack Riewoldt, who played under Hardwick for most of his decorated career, said Hardwick would inevitably feel nervous ahead of the clash.

“‘Dimma’ used to speak about the ‘Demon of Expectation’ – that was the level of anxiety coming into a Grand Final or being a favourite coming into any game. And I think that’ll be sitting right on his shoulder at the moment,” Riewoldt told Fox Footy’s AFL 360.

“There’s an emotional element for him and I could see that on Monday night when he was on-air. He bloody cares about that group and that football club.”

This match gets underway at 4.20pm AEDT from People First Stadium.

Watch it live on Fox Footy (via Foxtel Channel 504 or stream on Kayo Sports from 3.30pm (AEDT).

QUARTER-BY-QUARTER UPDATES

The Tigers drew first blood, with Shai Bolton streaming into attack and kicking truly to get the visitors off to the ideal start.

It didn’t take long for Ben King to open his goalkicking account for 2024 after converting a set shot. The Suns had several more chances in front of goal early in the game but couldn’t capitalise.

Malcolm Rosas finally put one through with a neat banana kick before King followed with his second in a promising start for Damien Hardwick’s side.

Gold Coast really got going from that put through its “demolition” in the midfield — as put by Lions champ Jonathan Brown on Fox Footy — as Jack Lukosius kicked the next two goals

“The new coach has got to sort this out, he’d be looking at the midfield coach going: ‘What’s going on? Sort these guys out. This is where the experienced part of our team is’,” Brown added.

The Suns led 5.4 (34) to 1.0 (6) at quarter-time.

Nick Holman kicked the opening goal of the second term, with ex-Demons skipper Garry Lyon calling it a “dream start” on Fox Footy.

Matt Rowell was central to the Suns onslaught — labelled an “animal” and praised for being “absolutely ferocious” by Lyon — with the Suns out to an early 42-point lead.

King added another to make it eight-straight Gold Coast goals and a near 50-point advantage, with Hardwick’s side “dominating” his old one “all over the ground”, according to Lyon.

It made for ugly and a tough introduction to coaching tor Adem Yze, watching on helpless with his side discombobulated.

“What a challenge to that man for that man sitting in the hot seat for the first time,” Lyon said of Yze. “Out of the middle it is a tsunami.”

Rosas kicked his second goal for the day — 11 in a row for the Suns in an utter domination.

“In his wildest dreams, Damien Hardwick could not have expected this on his first day,” Fox Footy caller Anthony Hudson said.

Brown added; “It’s a fairytale start … jeez, they look like premiership favourites at the moment! Of course, they’re not going to be.”

In a rare highlight for the Tigers, Seth Campbell kicked his first goal and was mobbed by teammates.

Gold Coast led 11.8 (74) to 2.1 (13) — which was the Suns’ biggest half-time lead in club history.

Follow Gold Coast v Richmond in our live blog below!

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Ahmedabad: Continuing its rally in the international market for the seventh consecutive day, gold price in the local markets rose to a new record high on Friday, reaching Rs 67,500 per 10g. Analysts attribute this spike to the weakening of the US dollar, fuelled by expectations of an interest rate cut by the US Federal Reserve in June.This led to increased procurement of gold by central banks, which has raised the price of gold. The price — Rs 66,600 per 10g on Thursday — shot up by Rs 900 in a single day. “Several geopolitical factors, including the economic concerns in China and a softer tone in the global equity markets, have driven up the price of gold. Even as officials have downplayed speculations on the drastic change in policy by the US Federal Reserve, gold price continues its upward march,” said Haresh Acharya, director of the India Bullion and Jewellers’ Association (IBJA). He added, “Speculations over the escalation of military tensions in the Middle East are also pushing up the price. In the international market, the price of gold is expected to climb towards $2,200 in the coming days.”Despite the high prices, Feb witnessed a six-month high in gold imports at 13.9 metric tonnes. Analysts warn of a possible sell-off by investors. In contrast, the price of silver has remained relatively stable, hovering around Rs 74,000 per kg.

We also published the following articles recently

Gold price today: Gold rate hits new high; March gains surpass Rs 2,700; what you should know

Gold prices on MCX reached a new peak of Rs 65,298 per 10 grams, driven by expectations of a June interest rate cut. The yellow metal hit $2,152 in international markets. Silver futures saw an increase in March. Gold rose due to the weakening dollar index.

Gold jumps Rs 500 to scale record high of Rs 65,650 per 10 grams

Gold prices in Delhi rose by Rs 500 to Rs 65,650 per 10 grams, tracking the rally in international markets. Silver prices increased by Rs 400 to Rs 74,900 per kg. The surge was driven by bullish cues from overseas markets. Federal Reserve Chair Jerome Powell indicated that the US central bank may lower interest rates this year.

Gold hits record high for 3rd day

Gold prices reach a record high in the international market, driven by US Federal Reserve chair Jeremy Powell’s dovish stance on interest rates. In the domestic market, prices hit a new life-high. Weak US economic data and banking jitters contribute to the rally. Saumil Gandhi expects the bullish trend to continue.

Politics

By Josh Christenson

Gold Star dad Steven Nikoui got a hero’s welcome at a Washington, DC, pub after being arrested for heckling President Biden over the chaotic withdrawal of US forces from Afghanistan during Thursday night’s State of the Union address

“Steve Nikoui!” other Gold Star families who attended the speech cheered as the man himself strutted into the Dubliner Restaurant blocks away from the US Capitol, following his release from the custody of the House Sergeant at Arms, according to footage shared on X by Spectator journalist Matthew Foldi.

House Republicans who invited the relatives of the fallen troops immediately called on local authorities to drop charges, with Rep. Mike Waltz (R-Fla.) offering to pay any related fines.

Nikoui’s son, Marine Lance Cpl. Kareem Nikoui, was one of 13 US service members killed by an ISIS-K suicide bomber outside Hamid Karzai International Airport on Aug. 26, 2021, as Kabul fell to the Taliban.

Gold Star father Darin Hoover, whose son, Marine Staff Sg. Darin “Taylor” Hoover was also killed in the blast, wrapped Nikoui in a big bear hug as he entered the Irish pub and said, “I’m so proud of you.”

“Jesus would like to talk to you, sir,” added Mark Schmitz, the father of Marine Lance Cpl. Jared Schmitz, as he offered Nikoui a Bible with his name written on it.

“We’re going to make you a shirt that says, ‘Jesus spoke to me, and I got arrested,’” said Alicia Lopez, the mother of Marine Cpl. Hunter Lopez, another victim of the bombing.

“Convict! Let’s just call him convict from now on,” joked Cheryl Juel, the aunt of Marine Sgt. Nicole Gee.

It’s unclear whether Nikoui believed his outburst toward Biden, 81, in the middle of the State of the Union was divine intervention. A source told The Post that the Gold Star dad was also unsure of whether he was facing charges for the outburst.

“Your pastor is calling too,” added Coral Brisneo, the mother of Marine Cpl. Humberto Sanchez.

Rep. Brian Mast (R-Fla.) invited Nikoui to the speech and later secured his release after the father of two was arrested for erupting at the commander-in-chief in the middle of his address to Congress.

“To state the obvious, all Americans deserve the freedom to be safe, and America’s safer today than when I took office,” Biden said, beginning to discuss a drop in the US murder rate before he was halted by shouts from the balcony.

“Abbey Gate!” Nikoui screamed at the president, referring to the place of his son’s death at the airport. The grieving father then called out his son’s name and regiment. “Second Battalion! First Marines!”

Capitol Police immediately arrested Nikoui for crowding, obstructing, or incommoding, a misdemeanor that typically results in the offender’s release after paying a $50 fine.

“Mr. Nikoui lost his son due to Joe Biden’s incompetence, and lost another son to grief over his brother being killed,” Mast told The Post in a statement, referring to Dakota Halverson, who committed suicide on Aug. 9, 2022.

“This man and his family have given America more than I could personally bear and to attack him with a BS charge of ‘demonstrating’ is a disgrace.”

Hoover and Schmitz told The Post in an interview before Biden’s speech that the president should expect “a lot of heckling” for the hasty military withdrawal, which also left hundreds of US citizens behind.

“There’s been other people that have confirmed that information that Biden knew — damn good and well — that Afghanistan was going to fall,” Schmitz said, calling the pullout “a totally epic screw-up.”

Neither the president nor his administration have accepted full responsibility for the disaster, both said.

“He didn’t care. And he left all the munitions behind at Bagram [Airfield],” Schimtz added, referring to $7 billion worth of US military equipment that the Taliban seized after ascending to power.

Biden’s approval rating has remained underwater since August 2021, when the last US flights departed Kabul.

The Special Inspector General for Afghanistan Reconstruction found in a February 2023 report that the Biden administration’s “abrupt and uncoordinated” gave locals the impression the US “was simply handing Afghanistan over to a Taliban government-in-waiting.”

A State Department report in June of that year revealed that the administration also failed to take seriously the concerns of the Afghan government at the time amid warnings that Kabul would fall if American troops left.

Biden expressed to administration officials in the aftermath that he “didn’t believe anyone had made a mistake,” according to Politico reporter Alexander Ward’s book “The Internationalists: The Fight to Restore Foreign Policy After Trump.”

The president met with Gold Star families during the dignified transfer of the fallen soldiers, but Rep. Darrell Issa (R-Calif.) said private meetings with relatives sought by his office have been ignored.

Issa and Reps. Michael McCaul (R-Texas) and Mike Waltz (R-Fla.) also invited several to attend the State of the Union as their guests of honor.

“They have every right to say, ‘Where is that explanation?’” Issa said of the Gold Star families. “’Where is that apology? Where is the legitimate investigation so it doesn’t happen to somebody else’s family?’”

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The spot price of gold hit $2,185 an ounce today, a new record, and a sign the yellow metal may soon cross the once-unimaginable $2,200 mark.

At press time, the spot price of gold was trading at $2,175 an ounce. The gold price has been on the rise all week, opening Monday at $2,091.76. It began the year at $2,066.32.

The gold price topped $2,100 an ounce for the first time in December.

The official London Bullion Market Association price set a record on March 7 of $2,156.85 an ounce.

Analysts credited the latest gold run to a more “dovish” approach from the Federal Reserve and worldwide economic and political turmoil.

“The key driver for the outlook of gold prices for the past year has been the Federal Reserve policy,” said a note from ING commodities strategist Ewa Mathney.

She added: “Gold tends to become more attractive in times of instability when investors pile into safe-haven assets as a hedge against the economic climate, geopolitical tensions, or inflation.… We expect gold prices to trade higher this year as safe-haven demand continues to be supportive amid geopolitical uncertainty with the ongoing wars and the upcoming U.S. election.”

(Photo: Getty Images)

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