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Gold price prediction today: Gold prices experienced volatility last week amid escalating geopolitical tensions between Iran and Israel, coupled with a steady dollar. Gold prices are expected to trade sideways to positive, with support at ₹97,000-₹98,000 and resistance at ₹100,000-₹100,100.
Following US airstrikes on Iranian nuclear facilities, Brent Crude prices initially surged by 5% before paring gains. Concerns over potential supply disruptions, particularly the Strait of Hormuz closure, could push oil prices above $100 per barrel, according to Goldman Sachs.
Iran-Israel war: Amidst rising tensions, concerns escalate over potential disruptions to global oil supply via the Strait of Hormuz. While a prolonged blockade remains unlikely, even brief closures could trigger significant price surges and economic instability. Iran's strategic position offers various retaliatory options, yet faces constraints including potential counterstrikes and disapproval from key allies like China.
The Directorate General of Civil Aviation will assess Air India's Gurugram facility. This evaluation will check aircraft documents and crew records. It is a standard yearly activity, not a response to the Ahmedabad crash.
Namo Bharat trains successfully completed trial runs on the entire 82-km Delhi-Meerut RRTS corridor, achieving speeds of 160 kmph and completing the journey in under an hour. This marks a significant step towards full commissioning, enhancing connectivity across the National Capital Region. The corridor features advanced signalling and integrates local metro services with high-speed regional trains.
The weakening rupee, hovering around Rs 23.5 per AED, has triggered a surge in remittances from NRIs in the UAE and Saudi Arabia. Currency exchange firms report a significant increase in AED-INR transactions since mid-June. Despite the usual summer slowdown, expats are capitalizing on the attractive exchange rate, sending money home as quickly as possible.
2025/07/01 21:22:17
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