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Posts tagged "gold" (Page 4)

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


Gold down by Rs950/tola

KARACHI: The good news ahead of the winter marriage season is that the price of gold in the local market has fallen by Rs950 to Rs46,850  per tola, whereas its per gram price came down at Rs40,157 with a reduction of Rs814 following offloading amid a weaker global trend, Samaa reported. According to traders, sentiments…

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October 31, 2014


Ever seen a gold nugget as huge as this…?

One of the biggest gold nuggets found in modern times in Northern California’s historic Gold Country is going up for sale. Weighing in at more than 6 pounds, the Butte Nugget is expected to carry a price tag of $350,000. Feast your eyes on this groovy lump of gold…It's awesomely huge…

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October 23, 2014


Mickey Mouse coins, a legal tender in a tiny state

WELLINGTON: The Pacific nation of Niue has released new coins with images of Disney characters on one side and Queen Elizabeth II on the other — and no, they're not taking the mickey. The solid gold and silver coins produced by the New Zealand Mint are legal tender in the tiny Polynesian island, although experts…

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October 13, 2014


Hockey: India, Pakistan gold medal battle today

INCHEON: Arch-rivals India and Pakistan face off in a mouth-watering field hockey final at the Asian Games on Thursday with a place in the 2016 Olympics at stake. Millions of fans in both nations will be glued to their television screens for the title clash which earns the winner a ticket to Rio de Janeiro…

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October 2, 2014


Pakistan women cricket team bag first gold in Asian Games

INCHEON: Pakistan women cricket brought glory to the nation on Friday after beating Bangladesh by four runs in the final of Asian Games women cricket event, Samaa reports. Pakistan secured its first gold medal in the Asian Games after the win and the team was successfully able to defend the title. Batting first Pakistani team…

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September 26, 2014


Asian Games: China win first gold of the 2014 Asiad

INCHEON: China won the first gold medal of the 2014 Asian Games on Saturday when its women shooters — Olympic champion Guo Wenjun, Zhang Mengyuan and Zhou Qingyuan — clinched the 10m air pistol team title. Hosts and defending champions South Korea, who were the pre-Games favourites, finished a poor fourth behind silver-medallists Taiwan and…

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September 20, 2014


ECP data shows many senators sitting on a gold mine

ISLAMABAD: The Election Commission of Pakistan (ECP) Thursday released details of declared gold assets of Senators, with Senator Nawabzada Saifullah Magsi being on top with 1100 tolas of gold, Samaa reported. Our correspondent quoting ECP data said that just 10% of the upper house lawmakers (25 senators) own 6,180 tolas of gold with an estimated…

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September 11, 2014


Oil, gold prices supported by widespread unrest

LONDON: Oil and gold prices won some support this week from Western sanctions imposed on Russia and owing to crises gripping Iraq and Gaza, traders said. US jets struck jihadist positions in northern Iraq on Friday, a potential turning point in a two-month crisis Washington said was threatening to lead to genocide and to expose…

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August 8, 2014


CGames: Pakistani boxer loses close fight for gold

GLASGOW: Pakistani pugilist, Muhammad Waseem, lost a close battle for gold to Australia's Andrew Moloney in the Commonwealth Games Flyweight (52 kilogram) division here on Saturday, Samaa reported. Silver medalist Waseem fought hard putting everything into his lightning fast punches but Moloney got away with the gold medal after a unanimous point decision. Moloney secured…

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August 2, 2014


Ukraine crisis rocks prices

LONDON: Commodities faced choppy trade this week, with gold torn between concerns over the Ukraine crisis and the prospect of a US interest rate hike in mid-2015. Gold forged a six-month pinnacle as investors sought a safe haven from the growing Ukraine fears, before pulling lower as the dollar strengthened. Elsewhere, copper dived to a…

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March 22, 2014


Pakistan extends ban on gold imports to March 31

MUMBAI: Pakistan has extended its ban on gold imports to March 31, the finance ministry said on Tuesday, as it tries to stop smuggling to India where high import duties have made supplies scarce. India's import duty of 10 percent and tight restrictions on supplies to rescue state finances have virtually dried up legal imports…

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March 11, 2014


India tightens checks to curb gold smuggling

MUMBAI: India has started to make physical checks of gold stocks held by wholesalers to ensure inventories match the amount imported by banks and state-run traders, an industry association said, as the country steps up efforts to halt smuggling. The move could aggravate shortages in the physical market as authorities seize gold without a valid…

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March 3, 2014


Mounting gold prices deprive women of gold jewelry

Muhammad Sheharyar sheds light on mounting prices of gold in Pakistan again. Surging gold prices have compelled the women to quit it and use the artificial jewelry.

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January 25, 2014


ECC places temporary one-month ban on gold imports

Staff ReportISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has placed a temporary ban on the import of gold.The decision to this effect was taken in the ECC meeting chaired by Federal Finance Minister Ishaq Dar yesterday.The ECC decided to place the ban for one-month period with immediate effect. The move is aimed to…

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January 21, 2014


Asia shares turn mixed as China disappoints, gold bounces

SYDNEY: Asian share markets endured mixed fortunes on Thursday in the wake of disappointing data on Chinese manufacturing, while investors showed renewed appetite for commodities as the new year got underway.Gold grabbed the limelight with a 1.5 percent jump to $1,223.46 an ounce, recouping just a little of the losses that made last year its…

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January 2, 2014


With gold scarce, wedding buyers in India recycle jewellery

MUMBAI: Faced with high premiums to secure scarce supplies of gold, relatives and guests at Indian weddings are having their old heirlooms melted down to be reused as traditional presents.Along the narrow lanes of Mumbai's historic Zaveri jewellery bazaar, many shops display placards saying “we buy old gold jewellery”, tempting buyers who face a $125…

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November 30, 2013


Teen-aged servant snatches1kg gold in Peshawar

Tariq Waheed shows us a teen-aged servant in police custody. This innocent looking little boy snatched over one kilogram of gold with cash from house of his employer, a former commissioner, in Peshawar.

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November 20, 2013

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