Despite the stellar run in calendar year 2020 (CY20), gold remains an attractive investment for 2021 with prices likely to inch up further in the new year, say analysts. Investors, they believe, will be better off staying put in the yellow metal for now.

According to World Gold Council (WGC) data, gold prices hit a high of $2,067 per ounce (oz) in August 2020 as investors flocked to the yellow metal as a safe-haven investment in the backdrop of the Covid-19 pandemic that brought global economic activity to a standstill. Accommodative policies of the most central banks world over also meant money continued to flow to this asset class.

Shares of Punjab National Bank (PNB) slipped 8 per cent to Rs 37.25 on the BSE on Wednesday, falling 10 per cent in the past two trading days after the bank announced the opening of qualified institutional placement (QIP) issue on Tuesday. However, the share price of the state-owned lender has fallen below the QIP floor price of Rs 37.35 per share.

In the past month, the stock has run up strongly, rallying nearly 40 per cent till Monday. At 09:44 am, the stock was trading 6 per cent lower at Rs 38.15, as compared to 0.71 per cent rise in the S&P BSE Sensex. The counter has seen huge trading volumes, with a combined 87 million equity shares were changing hands on the NSE and BSE.

The Bihar Cabinet on Tuesday approved a proposal to provide free COVID-19 vaccine to people of the state when it is available.

It is to mention that this was one of the poll promises of the Bharatiya Janata Party (BJP) in the recently concluded Bihar Assembly polls.

Gold price today fell to Rs 52,310 from Rs 52,540 per 10 gm, while silver price was trending at Rs 64,150 per kg, according to the Good Returns website.

Gold jewellery price vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.

Shares of Mahindra & Mahindra (M&M) rose 4 per cent to Rs 744 on the BSE in early morning trade on Wednesday after the company announced that it will increase the price of its passenger vehicles (PVs) and commercial vehicles (CVs) from January 1, 2021, in order to partially offset the impact of rise in input costs.

M&M said the price hike has been necessitated due to the increase in commodity prices and various other input costs.

To begin the 50th-anniversary celebrations of the 1971 India-Pakistan war, Prime Minister Narendra Modi will light up 'Swarnim Vijay Mashaal' at the National War Memorial (NWM) in Delhi on Wednesday.

According to a statement from the Ministry of Defence, various commemorative events are planned across the nation.

The December 16, 2012 gangrape case had shaken the conscience of the entire nation. The incident involved rape and fatal assault of a young girl in south Delhi's Munirka locality.

A 23-year-old female physiotherapy intern, Jyoti Singh (Nirbhaya), was beaten, gang-raped, and tortured in a private bus in which she was travelling with her friend. The nature of the rape was extremely brutal.

With all COVID-19 protocols in place, the counting of votes of Kerala local body elections will start from 8 am on Wednesday. According to the State Election Commission, the counting of votes will take place at 244 centres.

State Election Commissioner V Bhaskaran said the postal votes, including special ballot votes, will be counted first and EVM votes later. Earlier trends will be known once the counting of EVM votes is started. However, the final results are expected by 1 pm.

The farmers' agitation against agriculture laws has entered 21st day and farmers continue to camp on all the borders of Delhi for withdrawal of laws despite the freezing weather. Meanwhile, a petition will be heard in the Supreme Court on Wednesday against the problems caused by the farmers' protest.

Three petitions have been filed in the apex court regarding the agitation. A bench of Chief Justice SA Bobde, Justice AS Bopanna and Justice V Ramasubramaniam will hear the petitions.

Delhi temperature dipped to 4.1 degrees Celsius in the early hours of Tuesday morning, the India Meteorological Department (IMD) said. Due to the icy winds blowing from snow-covered western Himalayas, Delhi witnessed the lowest temperature of the season so far.

The maximum temperature on Tuesday was recorded at 18.5 degrees Celsius at Safdarjung, 5 degrees Celsius below normal and 16.7 degrees Celsius at Palam, 7 degrees below normal, the weather department said.

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