Egypt announces criminal investigation of Morsi

CAIRO: Egypt announced a criminal investigation on Saturday against deposed Islamist President Mohamed Mursi, with prosecutors saying they were examining complaints of spying, inciting violence and ruining the economy.

Egypt's first freely elected leader has been held at an undisclosed location since the army removed him from power on July 3, but has not yet been charged with any crime. In recent days, Washington has called for him to be freed and for the authorities to stop arresting leaders of his Muslim Brotherhood.

Gold hits 10-month low, attracts bargain buyers

Gold extended losses to hit its lowest level in ten months on global cues, attracting bargain hunters in the wedding season.

At 2:51 p.m., the most-active gold for June delivery on the Multi Commodity Exchange (MCX) was 140 rupees lower at 29,465 rupees per 10 grams, after hitting a low of 29,357 rupees, a level last seen on June 1. India, the world's biggest buyer of gold, has been trying to curb imports to put a lid on the record-high current account deficit. The government raised the import duty on gold,