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Gold prices are seeing a boom in the futures market on Friday. On the MCX exchange on Friday evening, the futures price of gold was rising by 0.96 per cent or Rs 448 to Rs 46,875 per 10 grams on June 5, 2020. The highest level of this gold is Rs 47,327 per 10 grams. Apart from this, the futures price of gold on August 5, 2020 was trading at Rs 47,007 per 10 grams with a rise of 0.98 per cent or Rs 456 on MCX on Friday evening. The highest level of this gold is Rs 47,491 per 10 grams. Gold and silver spot markets in India remained closed on Friday due to the lockdown.
Silver futures are also seeing gains in the evening. On Friday evening, silver futures on May 5, 2020 on the MCX exchange were up by 0.86 per cent or Rs 359 to trade at Rs 42,165 per kg. Apart from this, on Friday evening, silver futures on MCX was trending at Rs 42,920 per kg with a rise of 0.92 per cent or Rs 391 on July 3, 2020. Talking about the futures price of crude oil on MCX, the crude oil futures price on May 18, 2020 was up by 5.20 per cent or 67 rupees on Friday evening at Rs 1341 per barrel.
Talking about the global market, gold prices were seen rising here on Friday evening. According to Bloomberg, the global spot price of gold was trading up 0.13 per cent, or $ 2.21, at $ 1,732.72 an ounce on Friday evening. In addition, the global futures price of gold was trading at 0.57 per cent or $ 11.80 on Comex on Friday evening at $ 1757.20 an ounce. At the same time, on the spot price of silver on the global level, it was trending at $ 15.29 an ounce by 0.23 percent or $ 0.03 increase on Friday evening.
Gold is traded in two ways. One in the spot market and the other in the futures market. The futures market is also called a commodity exchange. Commodities are sold and purchased digitally in the futures market. In the futures market, deals are made in future prices based on the old and new prices of the commodity. There are deals in this market up to a fixed date. The futures market has a direct impact on the spot market. There is no major difference in commodity prices between the spot market and the futures market.
In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…
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