Opportunity to buy cheap gold: fall in prices, rise in silver prices

Opportunity to buy cheap gold: fall in prices, rise in silver prices

Business Desk: If you are planning to buy gold then this news is for you. Gold prices have seen a fall in India today. According to the rate issued by the India Bullion and Jewelery Association, the price of gold has reached Rs 48843 per ten grams with a breakdown of 138.

On the other hand, the price of one kg silver of 999 purity has increased by Rs 354 to Rs 71173. Today it is at the level of Rs 52420 per 10 grams in the capital Delhi. Rs 50920 in Kolkata, Rs 48680 in Mumbai and Rs 50500 per 10 grams in Chennai.

In the previous trading session, gold prices had seen a rise of 0.9 percent. Experts say that the fall in the prices of gold and silver is a good opportunity for those investing in gold. 

In the Delhi bullion market, gold fell by Rs 92 to Rs 48,424 per ten grams on Wednesday. In the last trading session, gold had closed at Rs 48,516 per 10 grams. Similarly, silver also declined by Rs 414 to Rs 70,181 per kg. In the previous session, the closing price of silver was Rs 70,595 per kg.


Odisha demands increase in minimum support price of paddy to Rs 2,930 per quintal

Odisha demands increase in minimum support price of paddy to Rs 2,930 per quintal

Bhubaneswar: The Odisha government has expressed dissatisfaction over the Minimum Support Price (MSP) announced for paddy at Rs 1,940 per quintal and urged the Center to increase it to Rs 2,930 per quintal. The state government said that this would benefit the farmers. Odisha Agriculture Minister Arun Kumar Sahu said that the Center has increased the MSP of paddy from Rs 1,868 per quintal to Rs 1,940 per quintal for the crop year 2021-22. While the MSP for Grade-A variety has been fixed at Rs 1,960. "This will not particularly benefit the small and marginal farmers of the state," he said.

The minister's statement came after the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved an increase in the minimum support price for Kharif crops for the marketing year 2021-22. Sahu said, “Odisha should not be treated like other states as our farmers often face natural calamities like cyclones, floods, droughts (at some places) and pest attacks. Hence, our state should should be taken in particular. 

The minister said that the central assistance for the farmers of Odisha is not enough. He said that the MSP of paddy should be increased to Rs 2,930 per quintal as per the recommendations of the Swaminathan Committee. Meanwhile, the Odisha government on Friday approved investment proposals worth Rs 1,637.41 crore in the state. With this, employment will be created for 1,116 people in the state. The officer gave this information. These proposals were approved in the meeting of the State Level Single Window Approval Authority chaired by the Chief Secretary of the State SC Mohapatra. After the meeting, Mohapatra said that the state government has given in-principle approval to four industrial projects. Many people will get indirect employment in these projects.


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