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Gold prices on January 1 fell by Rs 100 to Rs 27,100 per ten grams on the first trading day of 2015 in the national capital owing to slackened demand from jewellers amid a weak global trend.

Silver prices also fell by Rs 800 to Rs 36,200 per kg due to fall in demand from jewellers and industrial units. Traders said easing demand from jewellers and retailers at prevailing levels and a weak global trend reduced the appeal for bullion as an alternative asset.

Gold in New York, which normally sets price trend on the domestic front, fell by 1.4 per cent to USD 1,184.10 an ounce and silver by 4.2 per cent to USD 15.59 an ounce yesterday. In Delhi, gold of 99.9 and 99.5 per cent purity fell by Rs 100 each to Rs 27,100 and Rs 26,900 per ten gram respectively.

Sovereign, however, traded at last level of Rs 23,700 per piece of eight gram in limited deals. In line with a general weak trend, silver ready dropped by Rs 800 to Rs 36,200 per kg and weekly-based delivery by Rs 980 to Rs 36,170 per kg. Silver coins also plunged by Rs 1,000 to Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces.

Meanwhile, gold prices dropped by Rs 2,660, or nearly 10 per cent, to Rs 27,200 per ten grams during 2013 as the government tried to divert investors away from this 'unproductive asset' and a weak trend overseas. The year was even worse for silver that recorded a fall about 15 per cent in its price to Rs 37,000 per kg from 43,755.

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Following Orange and T-Mobile, EE has begun takings pre-orders for the BlackBerry Q5, offering the handset free on its range of 4G pay-monthly tariffs.

The UK’s sole LTE network has slashed the £49.99 upfront fee for the Q5 as part of an introductory offer. It has also knocked a fiver off the monthly bill for the first 5,000 pre-orders, meaning you can snap up the phone from £26 per month as opposed to £31.

Aside from a saving of up to £169, this also entitles takers to unlimited calls and texts, plus 500MB data for surfing and streaming content on EE’s super-fast network.

Widely seen as a spiritual successor to the popular Curve range, the BlackBerry Q5 is powered by the all-new BlackBerry 10 operating system and features the time-honoured physical QWERTY keyboard that BlackBerrys are so famous for.

In terms of specs, the Q5 is home to a 3.1-inch IPS LCD touchscreen display with a 720 x 720 resolution, a 1.2GHz dual-core Snapdragon processor and a five-megapixel camera that records in full 1080p HD.

Available in black and white, demand for the BlackBerry Q5 is thought to be very strong, so we highly recommend pre-ordering fast to take advantage of the reduced pricing.

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The next iPhone from Apple will be a substantially improved beast than its predecessors, industry chatter suggests.

According to Ming-Chi Kuo of KGI Securities, the seventh-generation iPhone will come with Apple’s new A7 quad core chipset with 2GB of RAM, making it twice as the iPhone 5. It will also reportedly feature a fingerprint sensor for “improving security and usability”.

A scanner will set beneath the home button and will provide users, particularly enterprise users, with a more robust alternative to the archaic pass-codes for accessing their handsets.

To further safeguard against prying eyes, the iPhone 5S is also expected to incorporate an image recognition feature that was spotted in one of Apple’s patent filings from earlier this year. This will randomly show users a photo of a contact when attempting to unlock the handset, which they will have to correctly identify using voice or a list of options on the screen.

Kuo further claims that the iPhone 5S will be home to the same eight-megapixel camera as the iPhone 5, but with an improved sensor and a smart flash that will automatically switch between a white or yellow flash depending on the light conditions.

Meanwhile, Topeka Capital’s Brian White has thrown in his weight behind rumours that the iPhone 5S will come in a range of colours, namely pink, yellow and blue in addition to the standard white and silver, and black and slate.

White also backed reports that Apple is readying a low-cost version of the iPhone, the so-called iPhone mini, which he says "will have a curved back casing made of coloured plastic and will be thicker than the iPhone 5."

The handset is mooted to come in a plastic polycarbonate chassis and recycle parts from older models to keep costs down. However, White forecasts it could still cost as much as $400 (£260) to purchase upfront.

News of the next iPhone comes hot on the heels of Apple's official unveiling of the latest iOS 7 operating system earlier this week.

The revamped platform has been almost entirely stripped of the cutesy, skeuomorphic look of previous iterations in favour of a simpler, flatter and cleaner user interface, along with true multitasking, a new 'Control Centre' that now lets you access key settings options from any screen you're on and numerous improvements to Siri to just name a few.

iOS 7 will be officially released this autumn and is hotly tipped to coincide with the launch of the iPhone 5S in August or September.

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