Business
Gold Prices Hit All‑Time High Of Rs 1,38,381 Per 10 Grams
New Delhi: The rates of gold and silver surged by over 1 per cent to hit fresh record highs on Tuesday, driven by safe-haven demand, notably due to escalating US-Venezuela tensions.
MCX gold February futures rose 1.2 per cent to an all‑time high of Rs 1,38,381 per 10 grams and were up 1.01 per cent as of 10.48 am.
MCX silver surged 1.7 per cent to a record high of Rs 2,16,596 per kilogram and was up 1.30 per cent as of 10.48 am. The dollar index had declined 0.20 per cent during the session, making gold cheaper in overseas currencies.
Heightened geopolitical uncertainty, notably escalating US‑Venezuela tensions, has underpinned the rally, analysts said.
The US Coast Guard this month seized a super tanker under sanctions carrying Venezuelan oil and tried to intercept two more Venezuela‑related ships over the weekend, heightening tensions, according to multiple reports.
“Safe haven bidding is featured to start a holiday‑shortened trading week, amid heightened geopolitical tensions,” Rahul Kalantri, VP Commodities, Mehta Equities Ltd, said.
Intensifying US-Venezuela tensions and the killing of a Russian army general in a bomb attack on Monday increased geopolitical risk and supported gold and silver, Kalantri said.
Both precious metals also gained after cooling-off US inflation and no bigger surprise from the Bank of Japan policy meetings last week, he added.
Gold has support at the Rs 1,35,550-1,34,710 zone, while resistance is at the Rs 1,37,650-1,38,470 levels.
Silver has support at Rs 2,11,150-2,10,280 zone while resistance is at Rs 2,13,810, 2,14,970 levels, the analyst said.
Aggressive central bank buying, expectations of US Fed rate cuts, concerns over the impact of US tariffs, geopolitical tensions, and robust inflows into gold and silver ETFs drove the gold and silver prices this year.
Domestic spot gold prices have surged 76 per cent year‑to‑date and international gold prices almost 70 per cent in 2025, on track for their strongest annual performance since 1979.
Both domestic and international prices of silver have gained about 140 per cent YTD.
Benjamin Wegg-Prosser concluded his association with Lord Mandelson – and references to them both in the Epstein files – was doing the business Global Counsel harm.
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Discount chain Lidl has announced its seventh pay rise since 2023.
The German-owned group’s £29 million investment in pay rises will see entry-level pay rise to £13.45 an hour nationwide, increasing to £14.45 with length of service, from March 1. New starter pay in London will also increase from £14.35 to £14.80, rising to £15.30 with length of service.
The group, which employs more than 35,000 workers, claimed it was once again the “highest paying UK supermarket” following the moves.
It comes ahead of the national minimum wage rising by 50p from £12.21 to £12.71 per hour for eligible workers aged 21 and over from April 1.
Lidl said it was also doubling paternity leave from two to four weeks’ full pay, which will rise to eight weeks’ full paid leave after five years of service.
Stephanie Rogers, chief people officer at Lidl, said: “Our colleagues are the backbone of our business, and their success is our success.”
“We are continuing to mark unprecedented growth across Great Britain, creating thousands more jobs along the way, while continuing to invest in our people,” she added.
On the paternity leave changes, she said: “We believe that a longer period of paid paternity leave is a vital step on our journey towards gender equality in the workplace.”
Lidl revealed plans earlier this year to open 19 stores over the next eight weeks, which will create up to 640 jobs.
The group last year hit the milestone of opening its 1,000th store as it looks to add around another 40 sites in the year to February 28.
Lidl is currently Britain’s sixth-largest grocery chain, according to experts at Worldpanel, after making the biggest market share gains in the sector in recent months.
Recent figures from the group showed it enjoyed a strong Christmas, with a 10 per cent surge in sales seeing it notch up more than £1.1 billion in turnover in the four weeks leading up to Christmas Eve.
The price of Bitcoin fell below $70,000 on February 5, down 44% from its October 2025 high of $126,210, as investors shift interest to gold and global economic concerns rise.
Earlier in the day, Bitcoin briefly touched $63,000 before closing at $70,000.
Last week alone, its value dropped more than $20,000, reducing it by almost a quarter.
Compared to four months ago, Bitcoin has now lost about half its peak value.
Analysts say investor interest in Bitcoin is waning, with growing pessimism surrounding the broader cryptocurrency market.
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