Independence Day celebration: Air India offers discounted flights from Gulf cities to subcontinent

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Updated 09 August 2022
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Independence Day celebration: Air India offers discounted flights from Gulf cities to subcontinent

  • The promotional tickets can be bought from Aug. 8 until Aug. 21

DUBAI: Air India is offering discounted one-way flight fares for passengers departing from its Gulf routes to celebrate India’s 75th Independence Day on Aug. 15.

The promotional tickets can be bought from Aug. 8 until Aug. 21 and are valid for travel until Oct. 15 this year. Although there are limited seats for the promotion, travelers nonetheless are still allowed 35 kilograms of check-in baggage and eight kilos of hand luggage.

Travelers coming from Saudi Arabia’s major cities – Dammam, Riyadh and Jeddah – destined for the Indian cities of Delhi, Mumbai and Hyderabad can take advantage of the one-way direct flights for only $133.33 (500 riyals). A quick check on the airline’s website indicates the normal pricing for a one-way flight from Jeddah to Delhi tops over a thousand riyals.

Air India, which was taken over by Tata Group in January after winning the bid for the airline late last year, has about 81,000 seats per week in its Gulf operations including that of its budget segment via Air India Express.

For passengers departing from Abu Dhabi, Dubai and Sharjah in the UAE, and bound for Indian cities including Delhi, Mumbai, Chennai, Kozhikode, Cochin, Bengaluru and Hyderabad, Air India has pegged the one-way promotional fare at $89.86 (330 dirhams).

Passengers from Kuwait to Chennai and Mumbai meanwhile can purchase their tickets at $119.44 (36.65 Kuwaiti dinars); those flying from Doha to Delhi can have their flight tickets for $137 (499 Qatari riyals); Delhi-bound passengers from Bahrain can avail the cheaper seats at $160 (60.3 Bahraini dinars) while those flying from Muscat to Mumbai, Hyderabad and Kannur can avail of the $93.89 (36.1 Omani riyals) flight tickets.

Passengers out of Muscat to Delhi and Chennai pay $169.3 (65.1 Omani riyals) for their discounted tickets.

Air India, which held around 17 percent of India’s international airlines market in 2021, is aiming to regain lost ground and is planning to add 200 more aircraft to its current fleet of about 128 planes.

The Gulf market, where a large population of non-resident Indians work and live, is dominated by international airlines like Emirates, one of two flag carriers of the UAE.


Silver crosses $77 mark while gold, platinum stretch record highs

Updated 27 December 2025
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Silver crosses $77 mark while gold, platinum stretch record highs

  • Spot silver touched an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits
  • Spot platinum rose 9.8% to $2,437.72 per ounce, while palladium surged 14 percent to $1,927.81, its highest level in over 3 years

Silver breached the $77 mark for the first time on Friday, while gold and platinum hit record highs, buoyed by expectations of US Federal Reserve rate cuts and geopolitical tensions that fueled safe-haven demand.

Spot silver jumped 7.5% to $77.30 per ounce, as of 1:53 p.m. ET (1853 GMT), after touching an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits, its designation ‌as a US ‌critical mineral, and strong investment inflows.

Spot gold ‌was ⁠up ​1.2% at $4,531.41 ‌per ounce, after hitting a record $4,549.71 earlier. US gold futures for February delivery settled 1.1% higher at $4,552.70.

“Expectations for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets. While there is some risk of profit-taking before the year-end, the trend remains strong,” said Peter Grant, vice president and senior metals strategist ⁠at Zaner Metals.

Markets are anticipating two rate cuts in 2026, with the first likely ‌around mid-year amid speculation that US President Donald ‍Trump could name a dovish ‍Fed chair, reinforcing expectations for a more accommodative monetary stance.

The US ‍dollar index was on track for a weekly decline, enhancing the appeal of dollar-priced gold for overseas buyers.

On the geopolitical front, the US carried out airstrikes against Daesh militants in northwest Nigeria, Trump said on Thursday.

“$80 in ​silver is within reach by year-end. For gold, the next objective is $4,686.61, with $5,000 likely in the first half of next ⁠year,” Grant added.

Gold remains poised for its strongest annual gain since 1979, underpinned by Fed policy easing, central bank purchases, ETF inflows, and ongoing de-dollarization trends.

On the physical demand side, gold discounts in India widened to their highest in more than six months this week as a relentless price rally curbed retail buying, while discounts in China narrowed sharply from last week’s five-year highs.

Elsewhere, spot platinum rose 9.8% to $2,437.72 per ounce, having earlier hit a record high of $2,454.12 while palladium surged 14% to $1,927.81, its highest level in more than three years.

All precious ‌metals logged weekly gains, with platinum recording its strongest weekly rise on record.