Gold and Silver Prices to Stay Under Pressure Amid Middle East Tensions, Inflation Data

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Precious metals are forecast to face continued headwinds in the week ahead, driven by geopolitical tensions in the Middle East and upcoming inflation data. Bullion prices closed the previous week significantly lower, reflecting broader global market trends. Investors are closely watching key economic indicators that could influence global interest rate decisions. Analysts expect gold and silver to trade within a narrow range until more decisive market triggers emerge.

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Pahalgam Cloudburst Floods Hotels, Cuts Roads; Tourists Evacuated Safely

A cloudburst struck Pahalgam in Jammu & Kashmir on Saturday evening, triggering flash floods that inundated hotels and huts in the area. The floodwaters caused significant damage to roads, power infrastructure, and agricultural fields along the Overa stream. Around eleven villages were severely affected, with road connectivity and utilities disrupted across the region. Tourists reported water suddenly rushing into hotels, prompting swift evacuations to safety. The incident has raised concerns about hotel constructions allegedly built within flood channels in recent years.

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Omar Abdullah announces Delhi protest on July 20 demanding J&K statehood restoration

Jammu and Kashmir Chief Minister Omar Abdullah has voiced strong frustration over the prolonged delay in restoring statehood to the union territory. He challenged the central government's position on allowing protests and legislative debates on the issue. Abdullah announced that a formal protest will be held at Jantar Mantar in New Delhi on July 20. He also reminded Prime Minister Narendra Modi of his earlier public assurance to restore J&K's statehood. The National Conference has pledged to continue its democratic campaign until the demand is met.

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Three publishers arrested over pro-separatist books found in J&K school libraries

Police arrested three publishers from Jammu and Noida in connection with books that glorified separatists and were distributed to government school libraries in Jammu & Kashmir. Education department staff have been suspended and an official inquiry has been ordered into the matter. The books had passed through a sub-committee shortlisting process before being flagged as controversial at a later stage. Authorities are now investigating how the titles managed to reach school libraries despite undergoing scrutiny.

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