In Brief

Gold plunges by Rs 717, silver declines Rs 1,274

Gold plunges by Rs 717, silver declines Rs 1,274

Gold in the national capital plunged Rs 717 to Rs 46,102 per 10 gram on Wednesday in line with decline in global precious metal prices, according to HDFC Securities. - File photo

New Delhi

Gold in the national capital plunged Rs 717 to Rs 46,102 per 10 gram on Wednesday in line with decline in global precious metal prices, according to HDFC Securities. Silver also declined Rs 1,274 to Rs 68,239 per kg, from Rs 69,513 per kg in the previous trade. PTI

New Delhi

Rajesh Exports bags order worth Rs 1,352 cr

Gold refiner Rajesh Exports on Wednesday said the company has secured an order worth Rs 1,352 crore. “Rajesh Exports has bagged a first major prestigious order post-Covid worth Rs 1,352 crore of designer range of gold jewellery from Germany. The said order is to be completed by March 31, 2021,” the company said. PTI

Frankfurt

Ford to go all electric in Europe by 2030

Ford announced a major push into electric vehicles in Europe, vowing to convert its entire passenger car lineup on the continent to electrics by 2030. Ford will spend $1 billion to revamp its factory in Cologne, Germany, and make it a base for production of zero local emission cars using Volkswagen’s mechanical framework, said Stewart Rowley, president of Ford of Europe. AP

Mumbai

Sensex extends losses amid global weakness

Stocks buckled under selling pressure for the second straight session on Wednesday as risk appetite remained subdued amid a bearish trend overseas. The Sensex slumped 400.34 points to close at 51,703.83. The Nifty tumbled 104.55 points to close at 15,208.90. PTI

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