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Gold ₹63,830, Silver ₹77,100, prices edge up

Gold prices in India rose slightly on Tuesday, with 24-carat gold trading at around ₹63,830 per 10 grams,  up by ₹10 from the previous day. Silver also saw a small uptick of ₹100, selling at ₹77,100 per kilogram.

The rise came as global investors turned cautious ahead of upcoming US inflation data, which could influence interest rate decisions by the Federal Reserve.

In Delhi, Mumbai, and other metro cities, gold prices stayed largely steady, reflecting a balanced demand from jewellers and retail buyers. Analysts say the market mood remains watchful, with traders keeping an eye on both global economic signals and festive-season buying trends in India.

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China eases export controls on auto chips

China’s Ministry of Commerce has announced that it is granting exemptions to its export controls on specific chips manufactured by Nexperia for civilian use. This is aimed at alleviating acute shortages in the automotive sector.

Nexperia, headquartered in the Netherlands but owned by Chinese company Wingtech, makes large volumes of simple but essential semiconductors used in vehicle electrical systems. The crisis began after the Dutch government took control of Nexperia on 30 September, citing economic‑security concerns that Wingtech would relocate production to mainland China. In response, China imposed export bans on finished chips made in China for foreign markets, triggering fears of shutdowns at car plants in Europe and Japan.

Beijing’s statement however does not specify exactly which chip types or uses qualify as “civilian use,” leaving some ambiguity for automakers and suppliers. According to industry reports, some German and Japanese companies say they have already received resumed deliveries of Nexperia chips from China under the new exemptions.

Despite the relief for automotive supply chains, the broader dispute between China, the Netherlands and the European Union over Nexperia’s ownership and operations remains unresolved. The Commerce Ministry has urged the EU to press the Netherlands to reverse its takeover of Nexperia.

Automakers and suppliers will now monitor how quickly and fully chip flows resume, and whether the exemption marks a stable shift or a temporary reprieve in what has become a high‑stakes tech and trade battleground.

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Gold at ₹1.22 lakh/10 g, Silver near ₹1.52 lakh/kg

Gold prices in India stayed firm on November 10, trading around ₹1,22,010 per 10 grams for 24-carat and ₹1,11,840 per 10 grams for 22-carat gold. In Delhi, 24-carat gold was priced slightly higher at ₹1,22,160 per 10 grams, while similar rates were seen in Mumbai, Kolkata, and other metros.

Silver followed a similar trend, hovering near ₹1.52 lakh per kilogram across most cities. In Chennai, prices were marginally higher at about ₹1.64 lakh per kilogram.

According to market reports, gold slipped by ₹10 per 10 grams and silver by ₹100 per kilogram in early trade, reflecting a minor correction after last week’s rally. Analysts said weak global data and expectations of rate cuts in the U.S. are helping the yellow metal hold firm as a safe-haven asset.

Meanwhile, the Securities and Exchange Board of India (SEBI) issued a fresh advisory cautioning investors about digital gold products. The regulator warned that these online offerings operate outside SEBI’s regulatory framework and could expose buyers to counterparty and operational risks.

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Canada updates temporary visa rules

Canada’s Immigration, Refugees and Citizenship Canada (IRCC) has introduced new rules detailing when visitor visas, study permits, work permits, and electronic travel authorizations (eTAs) can be cancelled.

The update to the Immigration and Refugee Protection Regulations (IRPR), announced on November 4, 2025, gives officers authority to revoke documents if holders become ineligible, inadmissible or fail to comply with visa terms.

Under the new provisions, visitor visas and eTAs can be cancelled for reasons such as administrative errors, criminal inadmissibility, loss of passport, or failure to depart Canada on time. Study and work permits may also be revoked if issued by mistake or if the holder no longer meets eligibility conditions.

All temporary resident documents are automatically void if the holder becomes a permanent resident or dies. The move is aimed at tightening compliance and closing gaps in existing immigration procedures.

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H-1B hiring slows as US firms cut back

International students in the United States are finding it increasingly difficult to secure jobs as American employers pull back from sponsoring work visas.

The slowdown follows a series of policy changes introduced under President Donald Trump’s administration, including a new $100,000 fee for companies applying for H-1B visas.

The H-1B visa program, a key route for skilled foreign graduates to stay and work in the US, has seen a steep contraction in hiring. And, the technology sector seems to be hit the most with Tech giants such as Amazon, Microsoft and Meta being among those most affected.

Business groups, including the US Chamber of Commerce, have challenged the new rules in court, arguing they are unlawful and could damage industries dependent on global talent.

Although authorities clarified that recent graduates and current student visa holders will be exempt from the fee, the uncertainty surrounding implementation has prompted many firms to delay or cancel international hiring.

According to date from the US Citizenship and Immigration Services, Indian nationals made up over 70% of H-1B visa recipients in 2024, followed by applicants from China and the Philippines.

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US Visa rules toughen for health cases

New guidelines of US Visa instructs officers to assess applicants’ long-term health costs and financial capacity, sparking concerns among immigration advocates.

The United States has introduced new visa screening guidelines that could see applicants denied entry based on medical conditions such as obesity, diabetes and heart disease.

Under the policy, it will be evaluated whether applicants can afford potential medical treatment during their stay in the country. The rules will be applicable to all visa categories but it is likely to impact more to applicants seeking permanent residency.

The guidelines also extend scrutiny to family members, including children, elderly dependents and dependents with disabilities or chronic illnesses which could prevent the main applicant from maintaining employment.

The move has drawn criticism from immigrant rights advocates, who warn that it may unfairly penalize individuals with chronic conditions and reinforce biases in the visa process.

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Louvre $102M Heist Linked to Weak Password

The museum’s security system was breached using the password ‘Louvre’. The audacious robbery took only seven minutes. Investigators have arrested four suspects, but the jewels remain missing. The Apollo Gallery is now closed for security upgrades.

Weeks after the $102 million daylight robbery at Paris’s Louvre Museum, investigators have uncovered that the main security system was breached using the password ‘Louvre’.

According to reports from France’s National Cybersecurity Agency (ANSSI), the glaring flaw came to light during an ongoing probe into the October 19 heist.

A 2014 cybersecurity audit had already identified the same weakness in Louvre’s digital infrastructure nearly a decade ago but the museum failed to act. The agency had then notified that the surveillance and alarm systems were still running on 20-year-old software and had cautioned that an intruder could exploit these vulnerabilities.

These findings have triggered outrage and embarrassment for French authorities.

The dramatic heist went down in broad daylight as a four-man crew, dressed in construction vests and motorcycle helmets, used a cherry picker to reach the museum’s Apollo Gallery.

In seven minutes, they smashed glass display cases with chainsaws and made off with eight priceless gems, including a sapphire diadem, necklace, and single earring once belonging to 19th-century Queens Marie-Amelie and Hortense.

The thieves then went down using the same cherry picker, attempted to torch the vehicle and fled on two scooters parked nearby.

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China Exports Down 1.1%, US Shipments Dips 25%

China’s exports fell 1.1% in October compared with the same month last year, marking the weakest monthly growth since February. The decline was driven mainly by a 25% drop in shipments to the United States, affected by ongoing trade tensions and earlier tariff-related front-loading.

Imports into China also slowed, rising only 1% in October, down from 7.4% in September, reflecting weaker domestic demand. Analysts point to a slowing property sector and cautious consumer spending as contributing factors.

Despite efforts to diversify trade towards Europe, Southeast Asia, and Africa, the drop in US-bound exports has had a significant impact. Some optimism remains as recent talks between China and the US could ease tariffs, potentially supporting exports in the coming months.

Overall, China’s trade slowdown highlights the challenges posed by external demand weakness and the importance of boosting domestic consumption to sustain growth.

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Gold above ₹1.20 lakh, Silver near ₹1.48 lakh

Gold and silver prices rose in early trade on Friday, supported by a softer US dollar and improved global sentiment.

On MCX, gold December futures climbed 0.27% to ₹1,20,939 per 10 g, while silver gained 0.6% to ₹1,47,938 per kg.

Internationally, easing Treasury yields and rate-cut hopes boosted safe-haven demand.

Analysts see gold facing resistance near ₹1,21,200 and support around ₹1,19,400, while silver is likely to trade between ₹1,46,000 and ₹1,49,400.

A decisive move above ₹1,21,750 for gold or ₹1,50,000 for silver may trigger further upside.

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Canada Opens Fast-Track for H-1B Holders

In a bid to attract skilled workers hit by recent US visa policy and fee changes, the Canadian government has announced a new accelerated immigration pathway for professionals holding US H-1B visa holders.

As part of a broader plan to strengthen its innovation-driven economy and fill key labour shortages outlined in the 2025 Federal Budget, the program will offer opportunities to transition expertise to Canada’s fast-growing sectors, including healthcare, technology and scientific research.

As part of its International Talent Attraction Strategy, Canada will roll out a special initiative to hire more than 1,000 global researchers, backed by CA $1.7 billion in funding.

The investment aims to help Canadian universities and research institutions bring in top international talent and accelerate advancements in innovation and discovery.

The budget also proposes setting up a Foreign Credential Recognition Action Fund, with CA $97 million allocated over five years starting 2026–27. Managed by Employment and Social Development Canada, the fund will help streamline and modernize the recognition process for foreign-trained professionals, with a focus on healthcare and construction, where demand for qualified workers remains high.

Prime Minister Mark Carney emphasized that attracting and retaining top global talent is essential for maintaining Canada’s competitive edge. The new measures reflect a shift toward strategic immigration policies that align with regional and sectoral needs.

These steps also complement ongoing efforts to improve Canada’s Temporary Foreign Worker Program and create smoother pathways to permanent residency for skilled professionals.

With the new fast-track visa route and expanded research funding, Ottawa aims to position Canada as a global hub for innovation, talent, and opportunity, strengthening its role in the evolving international labour and technology landscape.

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