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Gold Hits Record High of Rs 1,12,750/10g as Fed Eases Bets

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Gold prices soared to a record-breaking high of Rs 1,12,750 per 10 grams on Tuesday, driven by expectations of further rate cuts from the US Federal Reserve. Analysts attribute this rally to global economic trends and safe-haven demand ahead of Fed Chair Jerome Powell’s anticipated remarks.

On the Multi Commodity Exchange (MCX), gold futures for October delivery saw a jump of Rs 520, or 0.46%, which helped it reach this unprecedented high. Similarly, December contracts gained Rs 530, marking another record at Rs 1,13,750 per 10 grams.

Silver also enjoyed a significant upward trend, with prices for December futures increasing by Rs 461, reaching a new peak of Rs 1,34,016 per kilogram. For March delivery next year, silver prices rose by Rs 508 to touch Rs 1,35,397 per kilogram on the MCX.

Market analysts noted that multiple factors contributed to the bullish trend in gold and silver prices. The Fed’s initial rate cut of the year and speculation of additional cuts later in the year increased investor sentiment. Geopolitical tensions and sustained purchases by central banks also bolstered the appeal of precious metals as safe-haven assets.

“The ongoing rally in gold and silver appears unwavering, with both metals breaking new ground. Gold has hit lifetime highs while silver prices climb to their strongest levels in nearly 15 years,” stated Rahul Kalantri, Vice-President of Commodities at Mehta Equities Ltd.

Kalantri emphasized that the Fed’s recent decision to cut interest rates by 25 basis points, as well as a weakening dollar index and rupee, have bolstered domestic bullion prices. He added, “Persistent central bank purchases, along with strong inflows into ETFs and safe-haven buying, have fueled the strength of these precious metals.”

In international markets, gold futures for December delivery reached an astonishing USD 3,794.82 per ounce, driven by the prospect of more interest rate cuts from the Federal Reserve.

“Gold achieved this milestone supported by expectations of additional interest rate cuts throughout the year. The Fed’s recent cut and hints of further reductions have set the stage for bullish sentiment as concerns over a weakening labor market rise,” noted Jigar Trivedi, Senior Research Analyst at Reliance Securities.

Meanwhile, December silver futures saw a slight decrease, trading at USD 44.19 per ounce. Trivedi pointed out that traders await Fed Chair Jerome Powell’s insights on the economic outlook, along with upcoming economic data that could influence monetary policy.

Investors continue to be concerned about geopolitical risks, particularly stemming from the protracted Russia-Ukraine conflict and ongoing tensions in the Middle East. These factors have intensified demand for safe-haven assets like gold and silver, thus preventing significant corrections in prices despite their escalation.

This remarkable rise in precious metal prices not only highlights shifting market sentiments but showcases the demand for gold and silver amid fluctuating economic scenarios. As market participants brace for upcoming Fed announcements, one can expect further volatility in the bullion market.

LG Manoj Sinha Honors Maharaja Hari Singh on 130th Birth Anniversary

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On October 23, Jammu and Kashmir’s Lieutenant Governor (L-G) Manoj Sinha paid heartfelt tributes to Maharaja Hari Singh, the former Dogra ruler, as the region celebrated his 130th birth anniversary. Sinha highlighted the enduring legacy of the Maharaja, who played a pivotal role in shaping the socio-political landscape of Jammu and Kashmir.

In a message shared on social media platform X, Sinha stated, “Tributes to Maharaja Hari Singh Ji on his Janm-Jayanti. A statesman of excellence and harbinger of change, he introduced landmark reforms to ensure the welfare of common man.” His tribute reflects both respect for historical contributions and a vision for the future.

Maharaja Hari Singh ascended the throne in 1925 and ruled until 1947, a period during which he implemented key reforms that significantly impacted the lives of the common people. His initiatives aimed to modernize the state’s agriculture, healthcare, and education systems. Notably, he established several institutions that continue to function and serve the public today.

The L-G emphasized that the Maharaja’s vision of inclusive governance remains a source of inspiration. “His legacy of inclusive governance and progressive vision continues to inspire us,” Sinha remarked. The statement underlines the need to draw lessons from the past while steering towards a better future.

The tribute event witnessed participation from various dignitaries and citizens who remembered Maharaja Hari Singh’s contributions. His reign laid the foundations for several welfare programs that are still relevant in contemporary governance discussions.

As Jammu and Kashmir continues to evolve, reflections on the leadership of figures like Maharaja Hari Singh become increasingly significant. His contributions serve as a reminder of the enduring power of visionary governance. Celebrating such anniversaries not only honors the past but also encourages current and future leaders to focus on inclusive and progressive initiatives.

Yasara Perfume Redefines Luxury with Affordability

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Langley, BC, September 23: Yasara Perfume has announced its mission to provide high-quality fragrances that everyone can enjoy, all while ensuring authenticity and innovation. The brand aims to become a trusted name in the perfume industry by merging affordability with excellence.

Yasara’s core philosophy revolves around customer satisfaction. By prioritizing seamless shopping experiences, the company seeks to build enduring relationships anchored in trust and loyalty. This commitment ensures that customers feel valued and cared for.

Unlike many mass-market alternatives, Yasara distinguishes itself through its dedication to quality. The brand guarantees that its perfumes replicate designer fragrances in terms of scent, longevity, and overall quality. This way, customers can enjoy the luxury experience at a fraction of the cost, making it a unique player in the market.

Additionally, Yasara highlights its commitment to sustainability. The brand actively reduces waste and champions responsible practices in perfumery. Choosing eco-friendly operations is not merely an afterthought for Yasara; it is a vital part of the company’s identity.

The company also embraces innovation, continuously adapting to new trends and technologies in the fragrance industry. Yasara strives to set benchmarks in modern perfumery, making it a reference point for quality and creativity.

Transparency stands as another pillar of Yasara’s values. The brand promises clear product information, detailing ingredients and business practices, so customers know precisely what they are purchasing. This level of transparency fosters trust and empowers consumers in their buying decisions.

Building a community of fragrance lovers is yet another goal for Yasara. The brand engages with enthusiasts, shares knowledge, and promotes perfumery as a vibrant art form. Yasara aims to transform customer engagement into a collaborative experience, enhancing the appreciation of fragrances.

“By upholding these commitments, Yasara Perfume seeks to be recognized as a respected and trusted brand. Our mission is clear — to deliver quality, affordability, and customer satisfaction without compromise,” stated a company spokesperson.

With this ambitious vision, Yasara Perfume is setting its sights on carving a niche in the global fragrance industry. By making luxury scents accessible while remaining steadfast to its values of authenticity, sustainability, and innovation, Yasara is poised for success.

Cabinet Recommends Autumn Session of J&K Assembly from October 13

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The Jammu and Kashmir cabinet has recommended that the Lieutenant Governor convene the Assembly session from October 13 to 20. The meeting took place on Wednesday under the leadership of Chief Minister Omar Abdullah and included all ministers.

Sources revealed that the cabinet proposed the gathering in response to the necessary legislative frameworks and upcoming requirements. The brief session is set to last approximately seven days.

According to the Jammu & Kashmir Reorganisation Act, 2019, the Assembly must meet at least once every six months. The last session concluded on April 29, creating a deadline for the upcoming gathering by October 28, ensuring compliance with the law.

The Act clearly states, “The Lieutenant Governor shall, from time to time, summon the Legislative Assembly to meet at such time and place as he thinks fit, but six months shall not intervene between its last sitting in one session and the date appointed for its first sitting in the next session.”

With the impending session, critical issues are on the agenda, primarily revolving around statehood and reservations. The previous assembly session saw three resolutions on statehood lapse due to significant disruptions led by the National Conference, marked by the rejection of an adjournment motion regarding the Waqf (Amendment) Bill, 2025.

The intense discussions on reservation rights repeatedly emerged during the last assembly’s deliberations. Notably, the President of People’s Conference and MLA of Handwara, Sajad Gani Lone, strongly criticized the government’s handling of reservation issues. Such discussions may carry considerable weight in the upcoming Assembly session.

Political observers expect the assembly’s autumn session to address these pressing matters and strive towards constructive dialogue and resolution. The J&K government’s responsiveness to these issues is crucial in restoring public trust and advancing legislative progress.

Successful State-of-the-Art IVL Assisted Angioplasty Performed at Shri Mata Vaishno Devi Narayana Super Specialty Hospital, Katra

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Katra, Jammu & Kashmir – Shri Mata Vaishno Devi Narayana Super Specialty Hospital (SMVDNSH), established by the Shri Mata Vaishno Devi Shrine Board (SMVDSB) as part of its commitment to social welfare and managed in partnership with Narayana Health, has successfully performed a complex Intravascular Lithotripsy (IVL) assisted angioplasty. This advanced procedure once again highlights the Shrine Board’s vision of bringing world-class healthcare services to the people of Jammu & Kashmir.

The Shri Mata Vaishno Devi Shrine Board has consistently prioritised healthcare as a key pillar of its community initiatives, ensuring that the people of the Union Territory and the millions of pilgrims visiting the holy shrine have access to high-quality medical services. SMVDNSH stands as a flagship project of this vision, offering state-of-the-art infrastructure, advanced technology, and highly skilled medical expertise in the foothills of Trikuta Hills.

In this latest achievement, a young male patient was referred from a tertiary hospital with a recent history of chest pain. Angiography done outside had revealed blockages in two major heart arteries, and angioplasty was attempted but could not be completed due to severe calcification. On visiting SMVDNSH for a second opinion, his case was thoroughly reviewed, and IVL-assisted angioplasty was recommended.

IVL (Intravascular Lithotripsy) is a cutting-edge cardiology technique that uses a special balloon catheter to deliver sonic pressure waves, cracking hardened calcium within arteries. This makes it possible to place stents safely in vessels that would otherwise resist conventional angioplasty. The procedure was carried out successfully at SMVDNSH, and the patient is recovering well under regular follow-up. This marks the fourth such advanced procedure performed at the hospital within the past year, with all patients showing excellent outcomes.

Dr. Sushant Kumar, Senior Consultant, Cardiology, who led the procedure, said:

“This was a very challenging case due to the heavy calcification in the patient’s arteries. With IVL technology, we could safely prepare the vessels and implant stents with success. IVL is one of the most advanced cardiology tools available today, and I am proud that patients here in Katra are benefitting from such global innovations.”

Speaking on the occasion, Dr. M.M. Mathavan, Facility Director of SMVDNSH, remarked:

“Our hospital is committed to bringing modern cardiology solutions to the region. The success of this procedure reflects our mission to ensure that patients in Jammu & Kashmir can access advanced treatments locally. This would not have been possible without the unwavering support and vision of the Shri Mata Vaishno Devi Shrine Board.”

Congratulating the medical team, Dr. Yashpal Sharma, Executive Director, Shri Mata Vaishno Devi Shrine Board, noted:

“The Shrine Board has always strived to serve society not only through spiritual and pilgrim services but also by investing in social sectors like healthcare and education. The success of advanced procedures such as IVL angioplasty at SMVDNSH demonstrates how our vision of a world-class hospital for the region is being fulfilled. We remain committed to strengthening this institution further for the benefit of the people and pilgrims alike.”

With the continued support of the Shri Mata Vaishno Devi Shrine Board, Shri Mata Vaishno Devi Narayana Super Specialty Hospital is emerging as a hub of excellence in cardiac care and other specialties, ensuring that patients no longer need to travel outside the Union Territory for complex, life-saving treatments.

Cabinet Meeting with Omar Abdullah to Finalize Assembly Session

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Srinagar: Chief Minister Omar Abdullah will chair a crucial cabinet meeting on Tuesday aimed at finalizing proposals regarding the upcoming autumn session of the Jammu and Kashmir Assembly.

The cabinet will focus on meeting the constitutional requirement to convene the assembly session no later than October 28, as stipulated by Article 174 of the Constitution. This provision mandates that there should be no more than six months between successive sessions.

During the meeting, cabinet members will evaluate the agenda and discuss potential dates for the autumn session. Their recommendations will be forwarded to the Lieutenant Governor for final approval.

A source within the administration highlighted the importance of this session. They noted that timely convening of the assembly session allows for essential discussions on developmental issues and legislative business affecting the region.

The assembly has significant responsibilities, including reviewing government policies, approving budget allocations, and addressing local concerns. The autumn session typically attracts considerable attention as it sets the tone for the legislative agenda for the coming months.

Moreover, this year’s assembly session remains particularly critical due to ongoing challenges posed by economic recovery efforts and infrastructure development in Jammu and Kashmir. Stakeholders expect the cabinet to prioritize discussions on these pressing issues.

Officials urge all cabinet members to come prepared with insights and recommendations to contribute effectively. The assembly’s role in facilitating public dialogue through legislative frameworks is more vital than ever.

This meeting not only helps in scheduling the assembly session but also is pivotal in ensuring that the governance machinery functions smoothly within the guidelines established by the Constitution.

In conclusion, the forthcoming cabinet meeting is expected to lay the groundwork for a productive autumn assembly session, reinforcing the government’s commitment to transparency and accountability to the people of Jammu and Kashmir.

Peace Essential for Tourism and Sports Growth in J&K: CM Omar

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Chief Minister Omar Abdullah on Sunday emphasized that peace serves as a fundamental prerequisite for the growth of tourism and sports in Jammu and Kashmir. Speaking to reporters, Abdullah highlighted the need for a secure environment to ensure thriving development.

“For development in tourism or sports, we need peace for everything. If we talk about having day and night matches, and if the situation is not good, who will come to play in the evening?” Abdullah stated. His remarks reflect an urgent call for stability within the region.

The Chief Minister made these comments during the launch of the Real Kashmir Football Club’s special edition jersey, designed in cooperation with the renowned Danish sportswear brand Hummel. Abdullah articulated that the initiative symbolizes a message of peace, aiming to unite the community through the universal spirit of sports.

On the previous day, Lieutenant Governor Manoj Sinha addressed similar concerns, reiterating that peace is imperative for the overall development of Jammu and Kashmir. Sinha also noted the lingering effects of terrorism in the region, highlighting significant challenges that need addressing.

Abdullah asserted that establishing peace should not be solely his government’s responsibility. “Those who are responsible should fulfill their duty,” he declared. He expressed frustration that often, his administration gets blamed for law and order issues, despite peace being a broader concern beyond their control.

The Chief Minister described ongoing efforts to boost sports infrastructure throughout the Union Territory. “There is hardly any assembly segment where some sports infrastructure is not being developed by our government. We aim to build infrastructure based on the interests of the youth in every region,” he remarked.

Abdullah aims to create facilities that empower youth to actively participate in sports. “Tournaments and races are being organized at district and sub-district levels, and I invite athletes from across the country to join the second edition of the Kashmir marathon scheduled for November 2 in Srinagar,” he added.

Regarding infrastructural setbacks, Abdullah commented on the state of the Srinagar-Jammu National Highway, which suffered damage due to recent landslides. “We haven’t completed black-topping on the 300-meter stretch that washed away. We will address this soon, allowing vehicles to move freely. However, currently, no vehicles remain stranded,” he assured.

At the ceremony unveiling the ‘Peace Jersey’, Abdullah emphasized that sports have the unique ability to foster peace and community spirit. The jersey’s design pays tribute to Kashmir’s cultural heritage and aspirations. Inspired by the historic Hari Parbat Fort—a symbol of communal harmony—the kit features a serene sky-blue base, signifying peace.

“Real Kashmir FC exemplifies how football can inspire and unite communities. Sports are a vital bridge for peace,” Abdullah remarked, underlining the significant role of athletics in promoting integration and harmony across Jammu and Kashmir.

Modi Criticizes Congress for Abandoning Development in Northeast

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Prime Minister Narendra Modi addressed a rally in Itanagar on Monday, where he condemned the Congress party for its inherent habit of abandoning challenging development projects in the Northeast. This statement came as he unveiled development initiatives valued at over Rs 5,100 crore.

During his speech at Indira Gandhi Park, Modi emphasized that true development of the Northeast requires active involvement from the government, not decisions made far away in Delhi. He noted his personal commitment to the region through numerous visits, having visited more than 70 times since assuming office.

“The Congress party has a notable tendency to ignore developmental challenges; they simply walk away from issues that require genuine effort. This has inflicted long-term harm on Arunachal Pradesh and the broader Northeast region,” Modi asserted.

The Prime Minister introduced the recently launched GST reforms, coinciding with the Navratri festival, promising what he termed a “double bonanza” to the citizens.

“With the next-generation GST reforms now in place, India celebrates ‘GST Bachat Utsav’ this festive season, effectively reducing household expenses, particularly for women managing their kitchen budgets,” he stated.

Modi criticized the previous Congress-led government for continuously escalating taxes amidst rising living costs. “Congress imposed a heavy tax burden that stifled economic growth. Our government has responded by gradually reducing taxes and extending relief to the populace,” he highlighted.

Moreover, Modi accused former Congress administrations of neglecting border villages, which resulted in the migration of residents seeking better opportunities.

He claimed that Arunachal Pradesh received less attention because it holds only two Lok Sabha seats. “When I took office in 2014, my mission was to liberate the nation from the Congress mindset. Our focus is not on political gain through votes but on prioritizing national interests. We uphold the principle of ‘Nagrik Devo Bhava’ (the citizen is God),” Modi said.

Additionally, he maintained that the underprivileged regions that had been historically disregarded are now at the forefront of developmental initiatives. “Since 2014, Arunachal Pradesh has emerged as a key area for development, receiving financial backing of Rs 1 lakh crore from the Centre in the last decade—16 times greater than during the Congress rule,” he boasted.

In conclusion, Modi described the newly unveiled projects as a testament to the dual advantages offered by the “double-engine” government at the Centre and in Arunachal Pradesh. This rally, combining both political and developmental themes, exemplified Modi’s ongoing push for comprehensive reforms aimed at bolstering connectivity and progress in the Northeast.

Omar Abdullah Criticized for Governance Failures by Sunil Sharma

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Bhartiya Janta Party (BJP) leader Sunil Sharma launched a sharp critique of Chief Minister Omar Abdullah on Monday, accusing him of creating misleading narratives while failing to address pressing governance issues. During a media briefing, Sharma highlighted Abdullah’s tendency to shift responsibility, insisting on the need for accountability in leadership.

Sharma emphasized, “Omar Abdullah often presents himself as the one managing all transfers and responsibilities but conveniently distances himself when it comes to actual governance.” He stressed that this pattern exemplifies a deeper issue among leaders who neglect their responsibilities.

“Whenever there is a need for decisive action, he claims he lacks the necessary powers. Such statements reflect his inability to lead effectively and show a disregard for the concerns of the poor and marginalized,” Sharma added. He articulated that the current focus should be solely on development, rather than making excuses for inaction.

Highlighting the ongoing crisis, Sharma reassured flood victims that the Government of India will provide necessary compensation. He stated that the situation is currently under review, emphasizing his party’s commitment to ensuring relief measures reach those affected swiftly.

“We stand firm in our commitments. It is our responsibility to guarantee that assistance is delivered promptly to all who have suffered from the calamity,” Sharma remarked, underscoring the BJP’s focus on tangible results in governance.

This exchange reflects the ongoing political discourse in Jammu and Kashmir, with opposition parties closely monitoring the ruling government’s performance amidst pressing issues like flood relief and public welfare. Sharma’s statements encapsulate the BJP’s strategy to position itself as a party of action while contrasting against what it describes as a history of negligence from the current administration.

Sharma’s candid remarks not only underline the BJP’s concerns about governance but also highlight broader questions regarding public administration and political responsibility. As the political landscape evolves, the push for transparency and effective management of public funds remains crucial for the future of governance in the region.

Five Injured in Collision Near Zojila Pass, Officials Report

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A collision near Zojila Pass resulted in injuries to five individuals on Monday. The incident occurred when two vehicles collided in the mountainous region, raising concerns about road safety. Local officials reported the accident and took immediate action to assist the injured.

The victims were quickly transported to Primary Health Centre (PHC) Sonamarg. Medical personnel there stabilized their conditions before referring them to Sher-i-Kashmir Institute of Medical Sciences (SKIMS) in Soura for specialised treatment.

The injured individuals include Manzoor Hussain, son of Sadiq Ali Balti; Shabir Hussain, son of Hussain Ali Balti; Sadiqa Bano, wife of Manzoor Hussain Balti; Masrat Zara, daughter of Manzoor Hussain; and Fareeda Bano, daughter of Moad Hussain. All five victims hail from Kargil.

This accident raises questions regarding traffic management and safety measures in such treacherous terrains where vehicle collisions are not uncommon. Authorities have begun an investigation to ascertain the causes behind the incident.

As per police, they are actively reviewing the circumstances surrounding the accident. They urge local drivers to remain vigilant and adhere to traffic regulations, especially in challenging areas like Zojila Pass.

Community leaders voiced their concerns over the frequency of such incidents and called for enhanced safety measures in the region. The Zojila Pass, known for its breathtaking views, often turns perilous during adverse weather conditions, leading to increased road accidents. Authorities have assured that they will assess the existing safety protocols to prevent future mishaps.