Gold rallies ₹159, silver gains ₹99
The Hindu
In the previous trade, gold had closed at ₹44,971 per 10 gram
Gold in the national capital on Wednesday jumped ₹159 to ₹45,130 per 10 gram amid firm global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹44,971 per 10 gram. Silver also gained ₹99 to ₹61,250 per kilogram from ₹61,151 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.












