Mumbai : Gold prices rose 0.84% on Tuesday to hit the highest in 33 months on fresh buying from investors amid expectations of easy monetary policy by leading economies across the world.
Standard gold in the popular Zaveri Bazaar here closed with a gain of Rs 260 at Rs 31,480 for 10 gms on Tuesday following global cues. This level of gold price was not seen after October 2013. Physical traders, however, abstained from fresh buying on expectations of a correction in prices following a long-due profit booking.
Gold has suddenly found safe-haven buying interest from investors and jewellers. Funds have started picking up stake in gold resulting in the yellow metal extending gains into the second day after expectations on interest rate hike by the US Federal Reserve this year diminished.
“A sharp increase in gold prices has kept physical buyers absent. Demand of physical metal has crashed. Bullion dealers, therefore, are prompted to sell their inventory with a discount, which hovers around $40-45 an oz. More than the physical demand, fluctuations in the global currencies, especially yen, is supporting gold’s upward movement,” said Prithviraj Kothari, managing director, RiddhiSiddhi Bullions Ltd, a Zaveri Bazaar based bullion dealer.
McDonald’s CEO fired over relationship with employee
San Francisco, 4 Nov : Fast food giant McDonald’s has fired its CEO Steve Easterbrook after its board of directors found that he “demonstrated poor judgment” in a consensual relationship with an unidentified employee, the media has reported.
McDonald’s Corporation on Sunday announced that its Board of Directors has named Chris Kempczinski, most recently President, McDonald’s USA, as President and CEO, effective immediately. Kempczinski has also been elected to the McDonald’s Board of Directors.
“Kempczinski succeeds Steve Easterbrook, who has separated from the company following the board’s determination that he violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee,” the fast food giant said in a statement.
According to MarketWatch, Easterbrook sent an e-mail with a memo to employees acknowledging the relationship and said it was a mistake, Efe news agency reported. “Given the values of the company, I agree with the board that it is time for me to move on,” he said in the letter.
McDonald’s said it voted to approve Easterbrook’s departure last Friday after conducting a thorough analysis of the situation, and his compensation details will be known on Monday after the submission of documents to federal authorities.
Now DGCA tells GoAir to change engines in 13 aircraft
New Delhi, 29 Oct : The country’s civil aviation regulator — the Directorate General of Civil Aviation (DGCA) — has instructed GoAir to install at least one modified engine in 13 of its A320neo aircraft within the next 15 days.
Bonanza for stock markets in the works; DDT to be scrapped
New Delhi, 29 Oct : A bonanza is in the offing for the stock markets as the Prime Minister’s Office (PMO) and the Finance Ministry are working on measures which may include dividend distribution tax (DDT) to be scrapped and a review of existing slabs and holding period of long term capital gains (LTCG), short term capital gains (STCG) and securities transaction tax (STT).
- Nashik hospital horror: 22 patients die due to oxygen leak
- Taapsee Pannu-Tahir starrer “Looop Lapeta” announces 22nd Oct. release!
- Man held for making hoax bomb call for Taj Mahal
- SKM announces 5-hr blockade at KMP expressway on 100th day of protest
- People in Delhi rejected BJP for corruption: AAP
- Amit Shah to meet injured Delhi Police cops
- Put farm laws on hold or we will do it, Chief Justice Bobde tells government
- Farmer agitation enters 47th day, all eyes on SC hearing pleas on protests
PDP chief Mehbooba Mufti released from detention after 14 months
Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on...
Cinemas, theatres, multiplexes to open with up to 50% seating capacity from Oct 15
Swimming pools for training of sportspersons to open with SOP from Oct 15
SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance
Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had...
Bigg boss 13: Siddharth Shukla won, Asim first runnerup
Delhi court convicts 19 persons in Bihar’s Muzaffarpur shelter home case
New Delhi, 20 Jan : The Saket court in Delhi on Monday convicted 19 accused, including high-profile Brajesh Thakur, in...
Sourav Ganguly in Kolkata hospital after chest pain
Kolkata, 2 Jan: Sourav Ganguly, the president of Board of Control for Cricket in India (BCCI), was admitted to hospital...
Mumbai Indians beat Delhi to clinch fifth IPL title
Dubai, 10 Nov : While stamping their authority, Mumbai Indians (MI) cruised to a five-wicket win over Delhi Capitals (DC)...
RCBvsDC IPL 2020 Live Score :
RCBvsDC IPL 2020 Live Score :
Kings XI Punjab won by 97 runs
Dubai, Sep 24 : King XI Punjab beat Royal Challengers Bangalore (RCB) by 97 runs in the sixth match of...
IPL 13: Delhi won in super over, Mayak’s half-century wasted
Dubai, 21 September: The second match of the season played in the 13th season of the Indian Premier League (IPL)...
Taapsee Pannu-Tahir starrer “Looop Lapeta” announces 22nd Oct. release!
Mumbai, 09 March (live24india) : The Taapsee Pannu/Tahir Raj Bhasin-led “Looop Lapeta”, which has already evoked a buzz for its...
AB HOGA TANDAV! Trailer release of Saif Ali Khans Political Web Series Tandav
Created and directed by Ali Abbas Zafar and produced by Himanshu Kishan Mehra and Ali Abbas Zafar, the 9-part series...
Nora Fatehi in white dress celebrates the 20 Million mark on Instagram
Mumbai, 24 Nov. : One of the most entertaining and popular celebrities on social media, Nora Fatehi recently crosses the...
Indian superstar Yash is planning a huge celebration for son’s first birthday
It’s no news that Yash is often referred to as the ideal family man, the actor, even with his busy...
11 years of London Dreams: Salman won the heart of Vipul Amritlal Shah on the set
Producer-director Vipul Amrutlal Shah’s ‘London Dreams’ starring two superstars Salman Khan and Ajay Devgn along with Asin, Aditya Roy Kapur...
Breaking4 years ago
National Herald: Relief for Gandhis, Court Dismisses Subramanian Swamy’ Plea
Breaking2 years ago
Happy Diwali Images 2018, Happy Diwali Wallpapers 2018 |Happy Diwali Images | Live24India
Don't Miss5 years ago
15 Epic Beach Photos
Don't Miss4 years ago
11 Sex Mistakes Men Make (And How to Avoid Them)
Bollywood4 years ago
Priyanka Chopra chilling in Miami in a bikini is TOO HOT
Don't Miss4 years ago
12 Things You Should Never Put In Your Vagina
Breaking2 years ago
Toilet in MP anganwadi serves as midday meal kitchen
Himachal Pradesh4 years ago
#Photogallery : Shimla, Manali, Dharamsala receive fresh snowfall