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Gold Futures Drops To Rs 1.51 Lakh/10g As Strong Dollar, Oil Surge Weigh On Bullion

Gold prices fell Rs 462 to Rs 1.51 lakh per 10 grams in futures trade on Friday, tracking weak global trends amid a stronger US dollar and rising crude oil rates.
On the Multi Commodity Exchange, the yellow metal for June delivery declined Rs 462, or 0.3 per cent, to Rs 1,51,299 per 10 grams in a business turnover of 8,310 lots.
Analysts said pressure on precious metals came from a firm dollar and elevated energy prices, as well as heightened inflation concerns.
Gold prices declined on Friday. The pressure on the precious metals can be attributed to a stronger US dollar and rising crude oil prices, which have intensified inflation concerns among investors, Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.
He added that oil prices were hovering around USD 95.84 per barrel due to geopolitical tensions, particularly in the Strait of Hormuz, which has exacerbated market uncertainty.
In the international market, Comex gold futures for the June contract slipped USD 33.54, or nearly 1 per cent, to USD 4,690.46 per ounce in New York.
Brokerage firm Kotak Securities gold hovered around USD 4,680 per ounce, heading for nearly a 3 per cent weekly loss as prolonged US-Iran tensions and the continued Strait of Hormuz blockade drove oil higher and lifted inflation concerns.
According to analysts, signs of friction between Washington and Tehran persist due to the US Navy’s blockade of Iranian ports.
Iran’s Foreign Minister, Abbas Araghchi, termed the blockade an act of war, while chief negotiator Mohammad Bagher Ghalibaf, said a complete ceasefire would be meaningful only if maritime restrictions are lifted.
Meanwhile, US President Donald Trump ordered the Navy to act against any vessels laying mines in the crucial shipping route, further dampening hopes for de-escalation.
Analysts said these developments have supported the US dollar’s strength, putting pressure on gold prices in the global markets.
Market participants are now awaiting the final University of Michigan’s consumer sentiment data for further cues on the Federal Reserve’s monetary policy path and the near-term trajectory of bullion prices, Kotak Securities said in a note. (PTI)

India To Be Top-10 Sporting Nation By 2036, Top-5 By 2047: Mandaviya

Sports Minister Mansukh Mandaviya on Friday said India would emerge among the top 10 sporting nations by 2036 and break into the top five by 2047.
Speaking to reporters after inaugurating a 30-bedded Employees’ State Insurance Corporation (ESIC) hospital at Ompora in the central Kashmir district here, Mandaviya credited the Narendra Modi-led government for streamlining sports governance and creating a more structured system.
“It (the government) is providing opportunity to the youth to perform in the sports arena. I am sure that in the days to come, in the next ten years by 2036, India will be among the 10 best sporting nations in the world and by 2047, India will emerge among the top five sporting nations,” Mandaviya said.
The minister added that the government’s sustained push has strengthened the sporting framework across the country.
“The country has won the bid for hosting the Commonwealth Games in 2030 and has also bid for hosting the 2036 Olympic Games. The process is going on to meet all the demands and expectations of the International Olympic Committee.
“The sports ecosystem has been improved in the country, and with programmes like Fit India, Khelo India movement, the country’s youth are getting opportunities,” Mandaviya added.
About the hospital, Mandaviya said that the facility, built at a cost of Rs 165 crore, will serve over 50,000 workers and their families and provide them free treatment.
He added a nursing college will also be added to the facility in the future to impart training to the youth of Jammu and Kashmir.

Army Chief Upendra Dwivedi Inducted Into International Hall Of Fame At US Army War College

India’s Army chief General Upendra Dwivedi was inducted into the International Hall of Fame of the US Army War College in Pennsylvania, becoming the third Indian head of the army to receive such honour.
General Dwivedi, a distinguished fellow of the US Army War College, is the third Indian Chief of Armed Forces to be inducted in the International Hall of Fame after General V K Singh and General Bikram Singh.
“#GeneralUpendraDwivedi, #COAS, visited the Army War College (AWC), Carlisle Barracks, #USA, where he was inducted into the International Hall of Fame – the third Indian Army Chief to receive this honour, after General V K Singh and General Bikram Singh,” the Indian Army said in a post on X.
General Dwivedi, who was on a visit to the US, also addressed the faculty and international student officers’ leadership, professional military education and evolving security dynamics.
An alumnus of the prestigious college, General Dwivedi toured key facilities and participated in academic engagements, including panel discussions, reviewing advanced study projects of the scholars program and interacting with distinguished members of the institution.
Earlier this week, the Army chief began his US visit in Hawaii, where he was accorded a Guard of Honour at Fort Shafter, the headquarters of the United States Army Pacific.
He held discussions with General Ronald P. Clark, Commanding General US Army Pacific, and other senior leaders, focusing on strengthening India-US Defence Cooperation and advancing a shared vision for peace and stability in the Indo-Pacific, the Indian Army said in a social media post.
“#COAS also undertook an aerial tour of Oahu island, gaining insights into the training ecosystem and multi-domain operational readiness,” the Indian Army said.
The Army chief’s visit comes close on the heels of the visits of Air Chief Amar Preet Singh and Navy chief Dinesh Tripathi to the US, marking the continuance of high-level military-to-military exchanges between India and the US. (Agencies)

Revenue Official, Forest Guard Suspended For Dereliction Of Duty In J&K

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A revenue official and a forest guard have been suspended in Jammu and Kashmir’s Samba and Doda districts respectively for alleged dereliction of duty, officials said.
In Samba district, Deputy Commissioner Ayushi Soodan ordered the suspension of a ‘girdawar’ Pankaj Singh Jamwal for failure to complete the digitisation of revenue records within the stipulated timeframe despite repeated directions, an official order said.
The tehsildar, Bari Brahmana had reported that no ‘jamabandis’ (official record of righs for land) were digitised in Patwar Halqua Smailpur between April 8 and April 15.
“The conduct of the official reflects gross negligence and dereliction of duty in the discharge of his responsibilities,” the order said.
Pending inquiry, the official has been placed under suspension with immediate effect and attached to the office of tehsildar Samba. The Sub-Divisional Magistrate, Vijaypur has been appointed as the inquiry officer and has been asked to submit a report within 15 days, it added.
In Doda district, a forest department beat guard, Mushtaq Ahmed has also been placed under suspension after a vehicle carrying illegal deodar timber was seized in the Bhadarwah area, the officials said.
Officials said a joint team of Forest Protection Force and territorial staff of Neru range intercepted a vehicle loaded with 20 deodar green scants (unseasoned timber planks) during the intervening night of April 21 and 22 at village Jalga.
During the operation, the in-charge beat guard was found moving on the same route in his personal vehicle, and a mechanical cutter packed in a bag was recovered, they said.
The suspended guard has been attached to the Divisional Forest Office, Bhadarwah, pending enquiry. (Agencies)

J&K | Six Tourists Injured After Hotel Lift Collapses In Srinagar

Six tourists from Bengaluru were injured after a lift reportedly collapsed at a hotel in the Hyderpora area of Srinagar on Friday, and were later shifted to Bone and Joint Hospital Barzulla for treatment, officials said.
The incident occurred at a hotel in Hyderpora where the group was staying. The injured were brought to the hospital with varying degrees of leg and lower body injuries. All patients were reported to be stable, according to information received.
The injured have been identified as Vinkatesh, 65, son of Muni Thimmaiah; D. Mangula, 54, wife of R.L. Murthy; Kushalla, 18, daughter of Jayaram; Pankaja, 16; Venkatalakshmamma, 60, wife of Chinnya; and Sowbhagya, 60, wife of Vinkatesh. All are residents of Bengaluru and were temporarily staying at the hotel at the time of the incident.
The circumstances leading to the lift collapse were not immediately clear and no official statement has been issued by the hotel management so far.
The incident has raised concerns about safety standards in hospitality establishments, particularly those catering to tourists.
Further details are awaited as authorities are expected to ascertain the cause of the malfunction and determine whether any negligence was involved. [KNT]

NIA Attaches Terror Accused’s Plot In J&K’s Pulwama

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The National Investigation Agency (NIA) on Thursday attached a plot of land belonging to a terror accused in Pulwama district of Jammu and Kashmir.
An NIA team attached the plot of land measuring 3.2 kanals (17,300 square feet) at Abhama in Rajpora area of Pulwama district, officials said. The attached property belongs to Tanveer Ahmad Wani, an accused in a UAPA case.
The attachment was carried out under the provisions of Section 33(1) of the Unlawful Activities (Prevention) Act.
The order of attachment was issued by an NIA court at Jammu in January this year. (Agencies)

Three Houses Of Drug Peddlers Demolished In Jammu

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April 23 The administration on Thursday demolished three houses belonging to alleged drug peddlers here, officials said.
Amid heavy deployment of police and CRPF personnel, the authorities demolished structures allegedly built using proceeds from drug trafficking in the Rajiv Nagar area.
A senior official said the demolition drive is part of an ongoing campaign against notorious drug peddlers in the region.
“We conducted a similar drive here two to three months ago. Some more drug peddlers have since been identified, and they are currently absconding. The illegal structures constructed from money earned through the drug trade are being demolished today. Three structures are being razed,” the official told reporters here.
“Drug-related activities are harming our society and ruining our children. We want to engage our youth in sports and positive activities. This effort is part of our contribution towards the nation’s progress and development,” he said.
Officials reiterated that the administration will continue its action against drug networks and their assets in the region. (Agencies)

LG Inaugurates New School Building Of Swami Pranavanand Vidyamandir In Nagrota

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The Lieutenant Governor, Manoj Sinha today inaugurated the New School Building of Swami Pranavanand Vidyamandir in Panjgrain, Nagrota. The School is run by Bharat Sevashram Sangha, a renowned socio-cultural and philanthropic organisation. Bharat Sevashram Sangh started pre-primary to Class 8 education here in 2014 under ‘Har Ghar Shiksha’. Over half the students are from poor families; they have illuminated countless lives.
Addressing a gathering on the occasion, the Lieutenant Governor said that new higher secondary building and skill infrastructure will ensure disadvantaged students get quality education.
“Once all the floors of building are complete, it will serve more than 1,500 students transform thousands of lives. With future residential facilities for 100 boys, local economy will get a boost, backward areas will be transformed, and society will advance with new confidence,” the Lieutenant Governor said.
In his address, the Lieutenant Governor called upon students and teachers to contribute to nation-building and adapt classrooms to today’s changing global landscape, positioning India as the world’s leading knowledge economy.
“We must strengthen cultural awareness in students, as unity in diversity defines global society. Promote communication skills for clear expression, enabling the new generation to improve lives, uphold democratic values, and foster collaboration for a prosperous J&K,” the Lieutenant Governor said.
The Lieutenant Governor observed that every student talented in art, craft, music, or entrepreneurship deserves equal respect and opportunity.
“Teachers must recognize that education focused solely on marks and narrow academics, sidelining art, sports, and skills, is unfit for the future. We must prepare students for irreplaceable human capacities like creativity, critical thinking, moral decision-making, collaboration, and lifelong learning which no machine can replace,” he said.
The Lieutenant Governor said the world is changing rapidly and unlike the stable careers in the past, professional workforce requires continuous learning, skilling and upskilling.
“We are at a threshold where AI and automation is transforming industries, offices, hospitals, and schools and our human resource need to be a step ahead,” the Lieutenant Governor said.
The Lieutenant Governor also highlighted the recommendations of the National Education Policy (NEP) and emphasised that the policy is a potent tool to meet national needs, boost societal capacity, and accelerate economic growth.
“To bridge rural-urban and regional-social gaps, NEP is a powerful tool, societal asset, and reliable partner for meritorious students. India will emerge as a robust knowledge economy, nurturing generations with scientific temper, moral strength, cultural values, skills, and a spirit of service and sacrifice,” the Lieutenant Governor observed.
He said a student’s view of the external world depends on self-perception, shaped by experiences.
“True education balances both, equipping students with knowledge and skills for outer world, plus self-awareness and emotional resilience for inner world. This holistic approach is every school’s core duty.
Every student must blend science and values for progress. NEP measures guarantee Viksit Bharat; for the first time in decades, our talented children, teens, and youth are policy priorities,” the Lieutenant Governor said.
The initiative of Bharat Sevashram Sangha is supported by Indian Oil, Hindustan Petroleum and other donors.
Srimat Swami Biswatmanandaji Maharaj General Secretary, Bharat Sevashram Sangha; Srimat Swami Ambarishanandaji Maharaj, Joint Secretary, and senior sanyasins of Bharat Sevashrasm Sangha; and senior officials were present.
Jugal Kishore Sharma, Member of Parliament; Devyani Rana, Member of Legislative Assembly from Nagrota; Dr Nirmal Singh, former Deputy Chief Minister; Ms Rashmi Govil, Director HR, Indian Oil Corporation Limited; Vilas Zode, Executive Director-HR, Hindustan Petroleum; Chander Mohan Gupta, former Mayor JMC and other prominent citizens also attended the inaugural ceremony.

Three Suspected Drug Peddlers Arrested With Narcotics In J&K’s Samba

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Police have arrested three alleged drug peddlers and recovered heroin-like substance from their possession in Jammu and Kashmir’s Samba district, officials said on Thursday.Maps
As part of the ongoing ‘Nasha Mukt Abhiyan’, a police team was conducting checks on the link road towards Rakh Barotian in Vijaypur area, when they intercepted three persons travelling in a scooty, police said.
During the checking, heroin-like substance was recovered from the trio — identified as Rahul Sharma, Sanju Bhagat and Nirmal Kumar, all residents of Jammu.
Police have seized the contraband along with the vehicle. A case has been registered at Vijaypur police station under relevant sections, and further investigation is underway, officials added. (Agencies)

Badrinath Temple Portals Reopen For Devotees

The portals of the Badrinath temple in the Garhwal Himalayan region of Uttarakhand reopened for devotees on Thursday morning after a six-month winter break.
The gates of the temple located in Chamoli district were opened at 6.15 am following Vedic rituals and prayers.
Thousands of pilgrims from across the country and abroad were present at the temple complex.
Uttarakhand Chief Minister Pushkar Singh Dhami and Bharatiya Janata Party (BJP) state president Mahendra Bhatt attended the opening ceremony.
The temple, situated between the Nar and Narayan mountains, was decorated with tons of flowers for the occasion.
The portals of the other three Himalayan shrines — Gangotri, Yamunotri, and Kedarnath — have already opened for pilgrims. (Agencies)