Tag: Gold

Mexico sealed their Group A victory in the CONCACAF Gold Cup on Sunday with a 4-1 triumph over Costa Rica. Andres Guardado scored twice,...

Pakistan Customs officials of Rawalpindi Collectorate Friday foiled a bid to smuggle 15.6 kg gold worth Rs80 million and foreign currency worth Rs 130.72...

Wateen Telecom announced yesterday that it has successfully re-certified for Cisco Gold Certification. To earn Gold Certification, Wateen Telecom had to meet rigorous...

Mainland Husnain outplayed Gold Star Club by 63 runs in the Farhan Memorial Tournament here on Thursday. Batting first, Mainland Husnain piled up 308...

The State Bank of Pakistan (SBP) on Thursday, allowed microfinance banks (MFBs) to treat gold as eligible collateral while calculating their Capital Adequacy Ratio...

Gold prices slipped from record highs and silver posted its biggest one-day loss since December 2008 after news broke that al-Qaeda leader Osama bin...

LONDON - Gold rose above $1,500 an ounce for the first time ever as the dollar wilted, oil rose, worries over the U.S. economic outlook boosted demand for the metal as a haven and rising inflation lifted Asian demand.
Spot gold hit a high of $1,505.40 an ounce and was bid at $1,501.10 an ounce at 1403 GMT, against $1,493.90 late in New York on Tuesday. U.S. gold futures for June delivery rose $6.70 an ounce to $1,501.80.
Silver tracked gold higher, extending a stellar

VIENNA - Ethiopia's marathon world record holder Haile Gebrselassie hopes to win a gold medal still missing in his trophy cabinet at next year's London Olympics, despite his recent retirement announcement.
"I want to win Olympic gold in the marathon in London in 2012," the 37-year-old Ethiopian said in comments posted on the website of the Vienna marathon, in which he will run on Sunday. Speaking at a press conference Friday ahead of the event, he explained his decision to return

FAISALABAD - A gang of 14 dacoits attacked a house in a Chiniot village and took away one kilogram of gold ornaments worth Rs 4.5 million and Rs two million. Reportedly, the group entered the house of Jaffar Ali Kamoka in Chak No 101 Monian Wala in Chiniot and took the whole family hostage at gunpoint. In their bid to find out valuables, they severely tortured the housewife, Feroza Bibi, with rifle butts and tied the male members, Nasir Ali and Zafar Abbas. Then they collected the

BERLIN - Germany's Marcel Nguyen claimed gold Sunday on the men's parallel bars at the European gymnastics championships with Epke Zonderland of the Netherlands taking silver and Greece's Vasileios Tsolakidis bronze.
Nguyen, 23, won his first major individual title and Germany's second gold of these championships with a winning tally of 15,525 pts, while Zonderland finished with 15,300 pts and Tsolakidis earned third place with 15,075 pts. The new champion was returning from

LONDON - World oil price jumped this week to the highest levels since 2008, driven by Middle East supply fears and a weak dollar, while safe-haven gold hit a record as Portugal sought an EU bailout.
Other stand-out performances included tin, which enjoyed an all-time pinnacle on the back of stretched global supplies, and silver which scored
another 31-year peak.
Strong support came from the struggling greenback, which makes dollar-priced commodities cheaper for buyers

KARACHI - The price of gold has surged to a record high of Rs 46,350 per tola (11.665 grams) due to a price hike in the international market. As the trend in gold prices was sustained in both local and international markets, gold traded at the record high of Rs 46,350 per tola in Pakistan.
According to sources the bullion rates have climbed to the highest level, surpassing the previous record of Rs 46,000 a tola, while the international spot gold rates rose to $1,444 an ounce

LONDON - Gold rose back above $1,430 an ounce in Europe as oil prices climbed and the dollar eased, and as traders anticipate a rate hike from the European Central Bank may lead to further weakness in the US unit.
Rising interest rates are generally negative for gold, as they raise the opportunity cost of holding non-yielding assets, but real rates are expected to remain depressed by rising inflation. Spot gold was bid at $1,434.30 an ounce, against $1,427.98 late in New York. US

KARACHI - More than 100 countries have commenced ostrich farming just within three years and they consider it to be worth its weight in gold by saying that it is a cow that lays eggs. Pakistan has the most favorable environment for ostrich farming. Some are convinced that the ostrich is a potential solution for food security, its physical structure is different from poultry and cattle, and it gains relatively more weight through feeding with low food consumption.
He added that

ISLAMABAD - Gulshan Saeed of PML-Q is the richest female senator who owns gold ornaments that weigh nearly 13 kg and has property worth millions of rupees.
Details of her assets declared to the Election Commission of Pakistan reveal that rest of her female colleagues in the upper house possess less than half of gold ornaments owned by GulshanSaeed. According to ECP documents, Senator Gulshan Saeed also owns two houses valuing Rs 50 million and a piece of agricultural land worth

KARACHI - The Pakistan Academy of Sciences (PAS) has awarded PAS Gold Medal to Prof Dr Khalid M Khan - a senior scientist of the International Centre for Chemical and Biological Sciences (ICCBS), University of Karachi - in recognition of his services in the field of chemistry.
A spokesman for the ICCBS said on Saturday that Dr Khan is considered one of the senior most scientists of the centre. He said that Dr Khan is busy in research and academic activities at HEJ Research

LAHORE - Bahawalpur thrashed Faisalabad to win the PSB Inter-Divisional Youth Girls' U16 Badminton Championship, held at Faisalabad. Bahawalpur trounced Faisalabad 2-0 in the final of the championship organised by Punjab Sports Borad. Bakhtawar from Bahawalpur won 21-6, 22-20 against Aiman from Faisalabad, while in the doubles match, Bakhtawar and Shehnaz beat Aiman and Saher 21-14, 21-18, 21-16 to snatch gold for their team. Faisalabad secured the second and Multan bagged the third