Gold revisits 17-K level,silver recovers

Both the precious metals,gold and silver recovered marginally on the bullion market.

Both the precious metals,gold and silver recovered marginally on the bullion market here due to fresh buying support from stockists as well as better offtake from industrial users amid firming trend in European markets.

Standard gold (99.5 purity) rose by Rs 40 per ten grams to close at Rs 17,000 from last weekends closing level of Rs 16,960.

Pure gold (99.9 purity) firmed up by Rs 50 per ten grams to end at Rs 17,095 from Rs 17,045 previously.

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Silver ready (.999 fineness) moved up by Rs 90 per kg to finish at Rs 27,820 as against Rs 27,730 previously.

In Europe,gold strengthened early following euro’s rise against the dollar,triggered by news of Dubai averting a debt default,which boosted its appeal as an alternative investment.

Spot gold was bid at USD 1,122.55 an ounce in early trade as against USD 1,113.85 late in New York on Friday.

US gold futures February delivery rose by USD 3.70 to USD 1,123.60 an ounce on the COMEX division of NYMEX.

Trump hikes H-1B visa fees to $100,000 a year in massive immigration overhaul

India14 min ago

President Trump has signed a proclamation increasing the H-1B visa fee to USD 100,000 per year in an effort to prevent abuse of the visa system. This will affect skilled Indian professionals, who make up the majority of H-1B visa recipients. The goal is to protect American workers while still allowing companies to hire qualified individuals.

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