Gold plunges ₹ 244; silver tumbles ₹ 654
The Hindu
Gold in the national capital on Wednesday plunged by ₹ 244 to ₹ 46,747 per 10 gram reflecting the decline in international precious metal prices, according to HDFC Securities. In the previous trade, t
Gold in the national capital on Wednesday plunged by ₹ 244 to ₹ 46,747 per 10 gram reflecting the decline in international precious metal prices, according to HDFC Securities.
In the previous trade, the precious metal had settled at ₹ 46,991 per 10 gram.
Silver dipped ₹ 654 to ₹ 63,489 per kilogram from ₹ 64,143 per kilogram in the previous trade.

The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.












