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Probe to unveil big names involved in mega scandal

Customs Internal Audit Department commenced investigations into who turned black money into white with gold worth Rs.12 billion from 2011 to 2014. Name of big shots are expected to surface in this mega corruption scandal. Ashraf Khan reports.

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September 5, 2015


Swimming: Ledecky breaks 800m record, claims fifth world gold

KAZAN: Katie Ledecky broke her own 800m freestyle world record on Saturday by claiming an historic fifth gold medal at the world swimming championships to complete her sweep of freestyle titles. Ledecky, 18, clocked eight minutes, 07.39 seconds to shave 2.61secs off the record she set last year and win gold with New Zealand's Lauren…

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August 8, 2015


Special Olympics: Gold, silver medals for Pak athletes

LOS ANGELES: With their brilliant performance, Pakistani athletes won two medals in the freestyle swimming in the Special Olympics World Games 2015 on Wednesday, Samaa reported. Pakistani athlete Asim Zar picked up gold medal in the 100-meter freestyle swimming while a female contestant Aqsa Ahmed got silver medal in the 50-meter freestyle swimming. The Special…

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July 29, 2015


Gold hovers near over five-year low

MANILA: Gold hovered near its weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in U.S. interest rates. The Federal Reserve begins a two-day meeting later in the day where policymakers are likely to signal that a rate hike later in the year…

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July 28, 2015


Gold free-fall continues as bearish view holds

MANILA: Gold fell on Wednesday for a seventh session in eight, reflecting sustained downward pressure on the metal days after its steepest drop in almost two years, with more losses seen ahead as the demand outlook dims. A looming hike in U.S. interest rates has dented gold's appeal as an investment, encouraging more sellers in…

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July 22, 2015


Gold price drops by Rs 800 per tola

ISLAMABAD: As Gold slumped to the lowest point in nearly five and a half years in international markets, it has dropped by Rs 800 per tola in Pakistan as well, Samaa reported. According to All Sindh Sarafa Association, the new price of per tola gold has reached to Rs 44,700. Meanwhile, the price of 10…

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July 21, 2015


Gold price sinks to more than 5 year low

LONDON: Gold slumped Monday to the lowest point in nearly five and a half years, weighed down by reports of massive selling in China, dealers said. The precious metal tumbled to $1,072.35 in Asian deals, striking the lowest point since February 11, 2010, and breaching the key psychological barrier of $1,100. “The price slide was…

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July 20, 2015


Gold hit by robust dollar, equities ahead of Fed minutes

SINGAPORE: Gold struggled near its lowest in a week on Wednesday, holding steep overnight losses triggered by a stronger dollar and stock market, with traders now waiting for minutes of the Federal Reserve's last policy meet for clues on the U.S. rate outlook. Spot gold had ticked up 0.2 percent to $1,209.20 an ounce by…

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May 20, 2015


Gold steadies as dollar extends losses

NEW YORK/LONDON: Gold steadied around $1,200 an ounce on Thursday, paring losses as the U.S. dollar extended its losses, while weak demand for physical metal added pressure and uncertainty over the timing of a Federal Reserve rate hike underpinned prices. Spot gold was down 0.05 percent at $1,200.66 an ounce by 2:26 p.m. EDT (1826…

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April 16, 2015


Gold steadies as dollar's recovery wanes, strong shares weigh

LONDON: Gold turned higher on Wednesday as the dollar pared gains after weaker than expected U.S. economic data, although stronger European shares limited the upside. Spot gold, lower initially, rose 0.2 percent to $1,195.51 an ounce by 1432 GMT. It had fallen as much as 1.2 percent to a two-week low of $1,183.68 on Tuesday….

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April 15, 2015


Rare gold, silver coins seen fetching $10 million

NEW YORK: A rare five-dollar gold piece and a prized silver dollar each could fetch $10 million or more in upcoming auctions, making the American rare coin market as attractive, though not nearly as glamorous, as fine art. Sales of rare U.S. coins reached a record of nearly $536 million last year, and now collectors…

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March 8, 2015


Gold hits 7-week low, then pares losses after Yellen testimony

NEW YORK/LONDON: Gold fell to a seven-week low on Tuesday then pared losses after Federal Reserve Chair Janet Yellen said the central bank is preparing to consider interest rate hikes on a “meeting-by-meeting basis.” Yellen said the Fed's rate-setting policy committee will likely first remove the word “patient” in describing its approach to rate hikes,…

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February 24, 2015


J.K. Simmons bullies his way to Oscars gold

HOLLYWOOD: J.K. Simmons won the best supporting actor Oscar on Sunday for playing a bullying jazz teacher in “Whiplash,” which powerfully explores the limits of sadism and abuse. He bested rivals Robert Duvall (“The Judge”), Ethan Hawke (“Boyhood”), Edward Norton (“Birdman”) and Mark Ruffalo (“Foxcatcher”). Simmons, who has been the odds-on favorite in the category…

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February 23, 2015


137 get gold medals at KU convocation

More than 1500 students were awarded degrees while 137 of them were given gold medals at the Karachi University annual convocation. Faisal Khan reports the event for Samaa.

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February 1, 2015


Gold hits five-month high

NEW YORK/LONDON: Gold rose more than 1 percent to a five-month high as uncertainty over the extent of a stimulus program the European Central Bank is expected to unveil on Thursday drove investors into assets seen as lower risk. Buying accelerated on a break of the previous day's high, dealers said, as stops were triggered,…

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January 21, 2015


Gold set for biggest weekly gain in 17 months

LONDON: Gold hit a four-month high on Friday, looking set to post its biggest weekly gain in 17 months as investors sought safety from volatility in wider markets after Switzerland unexpectedly abandoned a cap on the franc. Spot gold rose 1.3 percent to its highest since Sept. 2 at $1,278.60 an ounce in earlier trade…

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January 16, 2015


Gold climbs to three-week high as investors seek safety

NEW YORK/LONDON: Gold jumped more than 1 percent to a three-week high on Tuesday, extending gains on safe-haven buying as stock markets slid on mounting concern over Greece's future in the euro zone and as oil prices tumbled. Spot gold was up 1.3 percent at $1,219.76 an ounce at 12:25 p.m. EST (1725 GMT), having…

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January 6, 2015


Gold, silver fall as U.S. dollar continues climb

NEW YORK/LONDON: Gold fell on Monday, giving back most of the previous session's sharp short-covering gains, and silver fell also, as a strong U.S. dollar and bearish chart signals offset uncertainty over the prospect of fresh elections in Greece. Spot gold was down 1.1 percent at $1,181.16 an ounce by 2:09 p.m. EST (1909 GMT),…

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December 29, 2014


Gold rises 2 percent on oil, dollar  

LONDON: Gold gained around 2 percent in thin post-Christmas trading on Friday, as crude oil prices edged higher and the dollar remained flat against a basket of major currencies. Spot gold gained as much as 2.1 percent to a session high of $1,199.00 an ounce in early trade and was up 1.8 percent at $1,194.21…

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December 26, 2014


Global stocks trend higher

LONDON: World stock markets ground their way higher on Monday after a frenetic round of activity at central banks in Asia and Europe showed they are willing to do more to support economic growth and higher inflation. European shares, which had their best day in a month on Friday after the People's Bank of China…

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November 24, 2014


Women overjoyed at gold price cut

Given their craze for gold and its jewelry, women are very happy as the gold price has gone down. Shehla Mehmood reports from Karachi.

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November 1, 2014