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Gold and silver prices fell on April 13. Precious metals saw pressure due to rising tensions between the US and Iran and a surge in crude oil prices. Meanwhile, a shift in investor sentiment led to mild selling in the market.
Gold opened lower on the Multi Commodity Exchange (MCX) today. Gold futures opened at ₹1,51,547 per 10 grams and slipped to ₹1,51,457 in early trade. Gold for June delivery fell by nearly 0.7%, or more than ₹1,100, to trade at ₹1,51,551 per 10 grams.
Silver prices also fell further. Silver for May delivery fell by more than ₹5,300, or more than 2%, to ₹2,37,961 per kilogram.
The Indian stock market witnessed a sharp decline on Monday, the first trading day of the week. Global tensions and a surge in crude oil prices led to a sharp decline. The BSE Sensex opened at 76,134, down nearly 1,400 points, while the Nifty 50 fell nearly 480 points to 23,571.
The market decline was driven by a surge in Brent crude oil prices, which crossed $101 per barrel. Tensions between the United States and Iran have escalated following the failure of peace talks. Reports of the US's planned naval blockade of Iranian ports and Israel's renewed offensive fueled investor concern.
High-level talks between Iran and the United States to resolve the ongoing tensions in West Asia ended without any concrete results. Iranian Foreign Minister Seyed Abbas Araghchi stated that an agreement between the two sides was "just inches away," but that a sudden increase in demands and shifting positions derailed the talks.
Araghchi stated on the social media platform X that Iran had entered the talks with "the noble intention of ending the war." These were considered the highest-level talks between the two countries in nearly 50 years. He said that despite coming close to an "Islamabad MoU," more demands and obstacles arose at the last minute, preventing agreement.
In Lucknow, petrol is ₹94.69 and diesel is ₹87.81 per liter. In Varanasi, petrol is ₹95.11 and diesel is ₹88.30. In Prayagraj, petrol is ₹95.70 and diesel is ₹88.89, while in Mathura, petrol is ₹94.38 and diesel is ₹87.24.
Petrol prices in Agra were recorded at ₹94.64 and diesel at ₹87.72, Aligarh at ₹94.82 and ₹87.93, Ghaziabad at ₹94.75 and ₹87.86, Noida at ₹94.90 and ₹88.01, and Unnao at ₹94.97 and ₹88.13 per liter.
There is a difference in petrol and diesel prices even in the country's metropolises.
In New Delhi, petrol is ₹94.72 and diesel is ₹87.62. Petrol is priced at ₹104.21 and diesel at ₹92.15 per liter in Mumbai, ₹103.94 and ₹90.76 in Kolkata, and ₹100.75 and ₹92.34 in Chennai.
In addition, petrol is priced at ₹107.46 and diesel at ₹95.70 in Hyderabad, ₹102.92 and ₹89.02 in Bengaluru, ₹104.72 and ₹90.21 in Jaipur, and ₹105.58 and ₹93.80 in Patna.
In a devastating blow to the Indian music industry, legendary singer Asha Bhosle has passed away at the age of 92. Her passing has sent shockwaves across not only the film industry but the entire nation. The passing of Asha Tai, who captivated millions with her melodious voice for decades, is being considered the end of an era.
According to reports, she was admitted to Breach Candy Hospital on the night of April 11th after her health suddenly deteriorated. Doctors stated that she breathed her last on April 12th. Her death was due to multi-organ failure, leaving music lovers deeply shocked.
Asha Bhosle's funeral will be held with full state honors today on Monday, at 4 p.m. at Shivaji Park in Mumbai. This is the same venue where many eminent personalities have been given their final farewells. Many prominent figures from the film, political, and sports worlds are expected to attend her funeral.
The weather across the country is expected to exhibit two distinct patterns in the coming days. According to the latest forecast from the India Meteorological Department (IMD), temperatures will rise rapidly in the plains, leading to heat waves, while rain, thunderstorms, and snowfall are expected to intensify in the hilly and northeastern states.
