GOLD PRICES UP BY ₹195 TO ₹32,225 PER 10 GRAMS ON FESTIVE DEMAND

NEW DELHI: Gold prices rose by ₹195 to ₹32,225 per 10 grams Thursday on increased buying by local jewellers to meet festive season demand. Silver followed suit and recovered by ₹20 to ₹39,500 per kg due to increased offtake from industrial units and coin makers. Traders attributed the rise in gold prices to increased buying by local jewellers, driven by ongoing festive season. Besides, weakness in the rupee, making imports costlier, also fuelled the upward trend in gold prices.

MFS pumped ₹11,000 cr in equities last fortnight

NEW DELHI: Mutual fund houses have made investments of over ₹11,000 crore in domestic equities in the first two weeks of this month despite volatility in the stock markets, even as foreign investors pulled out a massive ₹19,000 crore. This comes following a net infusion of ₹11,600 crore in equities by the fund managers and a net withdrawal of ₹10,825 crore from stocks by FPIS in September, latest data available with the markets regulator Securities and Exchange Board of India and depositories showed.

VW offers more incentives to unload old diesel models

FRANKFURT: German automaker Volkswagen says it is offering more incentives to trade in older diesel models in an effort to improve air quality. The firm said Thursday it would offer trade-in incentives for people who want to replace old diesels that met formerly looser emissions standards, and additional premiums for people who want to offload more recent diesels in 14 German cities with high pollution levels. COMPILED FROM AGENCIES