Gold suffers second biggest fall this year; plunges by Rs 600

New Delhi, May 15: Gold today witnessed its second biggest loss this year of Rs 600 to Rs 27,300 per 10 grams due to reduced offtake amid weak global trend.

Silver prices followed suit and dropped by a massive Rs 800 to Rs 44,700 per kg on reduced offtake by jewellers and industrial units.

Traders said hectic selling by stockists on the back of sluggish demand at prevailing higher levels and a steep fall in global markets, mainly pulled down both gold and silver prices.

This is gold's second biggest fall this year since since April 15, when it had plunged by Rs 1,160 to Rs 26,640 per 10 grams.

Gold in London, which normally sets the price trend on the domestic front, dropped to three-week low as a stronger dollar curbed demand for an alternative investment and bullion holdings declined, also dampened the sentiment, they said.

Besides, shifting of funds from weakening bullion to rising equity also influenced the precious metals.

On the domestic front, gold of 99.9 and 99.5 per cent purity tumbled by Rs 600 each to Rs 27,300 and Rs 27,100 per 10 grams, respectively, after surging Rs 380 each in yesterday. Sovereigns, however, held steady at Rs 24,000 per piece of eight grams in scattered deals.

In a similar fashion, silver ready plunged by Rs 800 to Rs 44,700 per kg and weekly-based delivery by Rs 930 to Rs 43,940 per kg.

However, silver coins continued to be asked around previous level of Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.

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Mangaluru’s ₹1,200 crore fix: Massive sewage overhaul to end city’s drainage woes

News Network

December 19,2025

Mangaluru: In a decisive move to tackle the city’s deteriorating sanitation infrastructure, the Mangaluru City Corporation (MCC) has announced a massive ₹1,200 crore action plan to overhaul its underground drainage (UGD) network.

The initiative, spearheaded by Deputy Commissioner and MCC Administrator Darshan HV, aims to bridge "missing links" in the current system that have left residents grappling with overflowing sewage and environmental hazards.

The Breaking Point

The announcement follows a high-intensity phone-in session on Thursday, where the DC was flooded with grievances from frustrated citizens. Residents, including Savithri from Yekkur, described a harrowing reality: raw sewage from apartments leaking into stormwater drains, creating a "permanent stink" and turning residential zones into mosquito breeding grounds.

"We are facing immense difficulties due to the stench and the health risks. Local officials have remained silent until now," one resident reported during the session.

The Strategy: A Six-Year Vision

DC Darshan HV confirmed that the proposed plan is not a temporary patch but a comprehensive six-year roadmap designed to accommodate Mangaluru’s projected population growth. Key highlights of the plan include:

• Infrastructure Expansion: Laying additional pipelines to connect older neighborhoods to the main grid.

• STP Crackdown: Stricter enforcement of Sewage Treatment Plant (STP) regulations. While new apartments are required to have functional STPs, many older buildings lack them entirely, and several newer units are reportedly non-functional.

• Budgetary Push: The plan has already been discussed with the district in-charge minister and the Secretary of the Urban Development Department. It is slated for formal presentation in the upcoming state budget.

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