Gold rates in Delhi stable today, check the rates on 17 August, 2025
While the Silver rate is at Rs. 1,16,200 per kilogram.
The gold rates in the international market have been fluctuating. Over the past few weeks gold rates have experienced a fall during the wedding season, fluctuating around Rs. 90,000 for 10 grams of 24-carat gold and approximately Rs. 100,000 for 10 grams of 22-carat gold.
The gold prices mentioned here are due at 8am, the prices could alter at every moment and hence the gold buyers need to track the live prices at a given time. The mentioned prices here are closing prices of yesterday while today's price would begin either with a decrease or increase.
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Time of India
17 minutes ago
- Time of India
IFB Industries, PG Electroplast, Voltas and other consumer durable shares rally up to 20% on GST cut hopes
Global brokerage firm Jefferies noted in a report that there is a "good chance" the expected cut could materialise as part of the reform package. Tired of too many ads? Remove Ads Why It Matters Tired of too many ads? Remove Ads On the technical front: Shares of Voltas and other consumer durable companies surged up to 20% on Monday as investors cheered the prospect of a GST rate cut boosting the sector. IFB Industries led the rally, climbing 20% to a day's high of Rs 1,539, followed by PG Electroplast rising 13.6% to Rs 556, Voltas up 10% to Rs 1,402.65, Amber Enterprises gaining 8.7% to Rs 7,495, and Blue Star surging 8.7% to Rs 1,940.6 on the rally comes in the wake of Prime Minister Narendra Modi's Independence Day address on August 15, where he hinted at "next-generation GST reforms" likely to be introduced ahead of Diwali. The Prime Minister emphasised that these reforms would be focused on reducing the tax burden on common citizens and boosting MSMEs, raising hopes across consumer-facing of the most anticipated changes is a possible reduction in GST on air conditioners (ACs) from 28% to 18%. Global brokerage firm Jefferies noted in a report that there is a "good chance" this cut could materialise as part of the reform current 28% GST slab on items like air conditioners has long been a sticking point for manufacturers and retailers, as it keeps these products out of reach for a large chunk of middle-class consumers. A cut to 18% could: Lower prices, boosting affordability, Stimulate demand, especially in tier-2 and tier-3 cities, Improve volumes and margins for manufacturers and suppliers, revitalise the post-monsoon festive sales cycle, especially with Diwali around the cornerCompanies like Blue Star and Voltas, which have a strong presence in residential cooling and commercial HVAC segments, are seen as key beneficiaries. Amber Enterprises, a major contract manufacturer for several AC brands, and PG Electroplast, known for its electronic component manufacturing, also stand to gain from the expected pickup in demand.: The stock's daily RSI (14) stands at 17.8, which is well below the oversold threshold of 20. This indicates that the stock is currently in strongly oversold territory, suggesting the potential for a technical rebound in the near term.: The daily RSI is at 39.3, which is above the oversold mark of 30 but still relatively low. This suggests that while the stock isn't deeply oversold, it remains in a weaker momentum phase, with some room for upside if buying interest picks up.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Indian Express
17 minutes ago
- Indian Express
AI sovereignty will be test for India's tech ‘aatmanirbharta'
Prime Minister Narendra Modi's Independence Day address this year felt different. His 103-minute oration, the longest of his tenure, was anchored in the language of national sovereignty. At a time when the United States has imposed tariffs on Indian exports, unsettling trade talks, the PM sought to turn the national conversation from negotiation to assertion, and to the deeper emotion of sovereignty. In this vision, citizens are not just beneficiaries but also guardians of that autonomy. Here, sovereignty takes shape in the capacity to build our own fertilisers, batteries, jet engines and defence systems. It finds expression in the symbolic unveiling of the Sudarshan Chakra defence kit, in the pledge of sweeping GST reform, and in the assurance that farmers and households alike will not be left exposed as the push for self-reliance accelerates. For perspective, one must only count the number of senior officials in Delhi who still use foreign-owned 'gmail', despite possessing official '. addresses. There is a temptation to reduce all this to political choreography. Modi's earlier Red Fort addresses highlighted schemes of inclusion, like Jan Dhan, Swachh Bharat, Ujjwala. But this one is cast in the harder register of industrial resurrection and techno-sovereignty. It is meant to rally households as much as boardrooms. But history is unkind to speeches not backed by delivery. The hardest of India's ambition is to stake a meaningful claim in the global race for emerging technologies. The country missed the first wave (Web1 era), not through want of talent but through want of an ecosystem. In the past decades, its best brains, including mathematicians and engineers, left India, while domestic research budgets stayed meagre, patents were scarce, and private investments low. India became the world's back office, designing chips for others, writing code for global companies, and running IT services, but it rarely created its own products or owned valuable patents. In a fast-moving field like technology, where early movers gain lasting advantages, India fell behind on big breakthroughs in semiconductors, artificial intelligence and the hardware-software frontier. Our universities do not yet produce research at scale, and most industries spend too little on R&D. Our brightest youngsters, especially in areas like AI, quantum and Web3, have also been moving abroad for better opportunities and access to global markets, and this slow drain of talent weakens the very idea of technological sovereignty that India now seeks to champion. Catching up will take more than money. It needs a cultural reset, including in the policy world. India has never invested enough in long-term research or built lasting partnerships between universities and industry. Recent government missions remain far too small for the scale of the challenge. The IndiaAI Mission has a budget of Rs 10,371.92 crore and the National Quantum Mission Rs ₹6003.65 crore over eight years. Compared to what is needed to lead in frontier science, these amounts are tiny. Unless the state commits deeper investment and private capital amplifies it, these missions will remain a scaffolding rather than become engines of change. Frontier technologies do not emerge from frugal innovation or Jugaad. The United States created its lead by binding venture capital with defence research and universities. China, for its part, mobilised the state with massive investments across sectors and then drew in private capital to accelerate research and commercialisation. India has yet to frame AI as core infrastructure rather than a promising sector. To re-enter the race, it will need patient public capital to underwrite risk, regulation that rewards open experimentation, and a cultural shift that prizes invention over execution alone. The next few months will matter less for headline numbers like GDP or inflation, and more for how quickly promises turn into action. If we see ground being broken for chip plants and wider AI ecosystem investments, people will believe the momentum is real. If farmers, small businesses and everyday consumers begin to feel the benefit of GST reform, the idea of shared self-reliance will carry weight. Emotional sovereignty can be a deep moat, but no political or policy fortress stands without delivery. In an era where technology shapes both economic power and national security, India's independence will be measured by the labs and factories built, research funded and commercialised, and AI platforms and ecosystems that are not only homegrown but also globally relevant. The writer is a corporate advisor and author of Family and Dhanda
New Indian Express
17 minutes ago
- New Indian Express
Rs 4.25 lakh stolen from prison-run cafeteria near Poojappura central jail in major security breach
THIRUVANTHAPURAM: In a shocking security lapse, Rs 4.25 lakh was stolen from the office of the cafeteria being run by prison inmates right near the Poojappura central prison on Sunday night. The Poojappura police said they received a complaint of theft from the prison officials on Monday morning. "The theft reportedly took place on Sunday night. When the prison staff came on Monday morning, they noticed that the cash was missing, " said a police officer. The cash which was from the last three days sale was to be deposited in the treasury on Monday. The culprit/culprits broke open the door of the cafeteria, known as 'Food for Freedom', and decamped with the cash that was kept in the locker. The police said they have started a probe and the investigation is in the preliminary phase. The police sources said someone having intimate knowledge of the place could've carried out the crime. The cops are perusing CCTV visuals from nearby buildings to identify the culprits. The cafeteria, shockingly, did not have any working CCTV cameras.
