Business Brief:Gold price rises ₹5,675 in 4 days; India’s 100 richest lose ₹9 lakh crore in net worth, says Forbes

Here’s a brief outlook on today’s key events and a recap of major business news headlines on Thursday. Gold and silver prices continued their record run for the fourth straight day on October 9. According to the India Bullion and Jewellers Association (IBJA), 10 grams of 24-carat gold rose by ₹521 to ₹1,22,629. Overall, gold has become costlier by ₹5,675 in just four trading sessions this week. Meanwhile, as per the Forbes India Rich List 2025, the combined net worth of India’s 100 richest individuals fell 9% to $1 trillion — around ₹88 lakh crore — from ₹97 lakh crore last year. Mukesh Ambani continues to be India’s richest person. Today’s Key Updates: Friday’s Top Story: As per Forbes India Rich List 2025, the combined net worth of India’s 100 richest individuals declined by 9% to $1 trillion (around ₹88 lakh crore), compared to $1.1 trillion (₹97 lakh crore) last year. Despite a 12% drop in wealth, Reliance Industries Chairman Mukesh Ambani continues to top the list with a net worth of ₹9.32 lakh crore, down ₹1.29 lakh crore from last year. Gautam Adani holds the second position with a net worth of ₹8.17 lakh crore. Click here to read the full news 2. Gold price jumps ₹5,675 in 4 days to ₹1.23 lakh per 10 grams; silver up ₹6,850 amid festive demand Gold and silver prices hit record highs for the fourth straight day on October 9. According to the India Bullion and Jewellers Association (IBJA), 10 grams of 24-carat gold rose by ₹521 to ₹1,22,629. Overall, gold prices have surged by ₹5,675 over the past four trading sessions. Meanwhile, silver prices jumped ₹6,850 today to ₹1,59,550 per kg, up from ₹1,52,700 yesterday. In total, silver has gained ₹13,940 in just four days this week. Click here to read the full story 3. TCS posts ₹12,075 crore profit in Q2 FY26; earnings up 2.4%, declares ₹11 dividend per share Tata Group’s IT major Tata Consultancy Services (TCS) reported a consolidated net profit of ₹12,075 crore for the second quarter of FY26, marking a 1.4% year-on-year increase. In the same quarter last year, the company had posted a profit of ₹11,909 crore. Click here to read the full news 4. AI robot to detect real-time faults in running trains: Live health tracking, grain ATMs among top 5 innovations at IMC 2025 Day 2 of India Mobile Congress (IMC) 2025 showcased several cutting-edge tech innovations — from AI robots capable of detecting faults in moving high-speed trains to real-time vehicle health monitoring systems. The event, being held at the Yashobhoomi Convention Centre in Delhi till October 11, is Asia’s largest digital technology gathering, with participation from over 1.5 lakh attendees across 120 countries. 5. Akasa Air co-founder Neelu Khatri resigns: One of six founding members; airline holds 5.4% market share in India Neelu Khatri, co-founder of Indian carrier Akasa Air, has stepped down from the company nearly three years after its launch. One of the airline’s six founding members, Khatri was overseeing international operations at the time of her departure. Akasa Air confirmed her resignation in a statement on Thursday, noting that she has chosen to pursue a new direction in her professional journey. Also, Check Out the World’s Top 10 Richest Individuals Updates on the stock market and gold and silver prices. Stock Market Status – 9 October 2025 Check the latest prices of petrol, diesel and domestic gas cylinders. ​