Gold prices regain Rs 30,000 level in futures trade on global cues, up 3.56 pc

August 17, 2013

Gold_revisits

New Delhi, Aug 17: Gold prices continued its upward trend in futures trade as it again crossed Rs 30,000 per ten gram level on Friday by rising 3.56 per cent on firm global cues.

A firming trend in the domestic spot markets for the upcoming festive and marriage season along with the covering up of short positions by speculators also influenced gold futures prices.

Metal prices for delivery in far-month December went up by a whopping Rs 1,060, or 3.65 per cent, to trade above Rs 30,000 level at Rs 30,077 per ten gram, a level last seen in March at the Multi Commodity Exchange. It clocked a turnover of 122 lots.

On the similar lines, the metal prices for delivery in October shot up by Rs 1,039, or 3.56 per cent, to Rs 30,225 per 10 gm, in a business volume of 2,186 lots.

Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets where it climbed to two-month highs as lower equities and signs of rising physical purchases spurred demand.

Besides, hike in import duty on the precious metal by two per cent to 10 per cent by the government, also influenced prices, they said.

Globally, gold rose 0.50 per cent, to trade at $1,372.97 an ounce in Singapore on Friday, the highest since June 19 in Singapore.

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News Network
December 16,2025

Mangaluru, Dec 16: The Mangaluru City police have significantly escalated their campaign against drug trafficking, arresting 25 individuals and booking 12 cases under the Narcotic Drugs and Psychotropic Substances (NDPS) Act between November 30 and December 13. The crackdown resulted in the seizure of a substantial quantity of illicit substances, including 685.6 grams of MDMA and 1.5 kg of ganja.

The success of this recent drive has been significantly boosted by the city’s innovative, QR code-based anonymous reporting system.

"The anonymous reporting system has received an encouraging response. Several recent arrests were made based on inputs received through this system, helping police tighten the noose around drug peddlers," said the City Police Commissioner.

The latest arrests contribute to a robust year-to-date record, underscoring the police's relentless commitment to combating the drug menace.

Up to December 14 this year, the police have registered a total of 107 cases of drug peddling, leading to the arrest of 219 peddlers. Furthermore, they have booked 562 cases of drug consumption, resulting in the arrest of 671 individuals.

The scale of the seizure for the year reflects the magnitude of the problem being tackled: police have seized 320.6 kg of ganja worth ₹88.7 lakh and 1.4 kg of MDMA valued at ₹1.2 crore. Other significant seizures include hydro-weed ganja worth ₹94.7 lakh and cocaine worth ₹1.9 lakh, among others.

The Commissioner emphasized a policy of rigorous enforcement: "We ensure that peddlers are caught red-handed so that they cannot later dispute the case or claim innocence."

To counter the rising trend of substance abuse among youth, the Mangaluru City police have rolled out uniform guidelines for random drug testing across educational institutions.

As part of the drive, tests were conducted in approximately 100 institutions, screening an estimated 5,500 to 6,000 students in the first phase. 20 students tested positive for drug consumption during the initial screening.

Students who tested positive have been provided counselling and are scheduled for re-testing in the second quarter. The testing will also be expanded to students not covered in the first phase. In a move to ensure strict implementation, police personnel were deployed in mufti in some institutions. Reiterating a zero-tolerance stance, the Commissioner confirmed that random testing will continue, and colleges have also been instructed to conduct drug tests at the time of admission to deter substance abuse from an early stage.

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