Saturday, October 25, 2014 15:22

Posts Tagged ‘Gold’

IMF says Pakistan Refuses to Sell $2.7b Worth of Gold

IMF says Pakistan Refuses to Sell $2.7b Worth of Gold

Saturday, March 29, 2014 10:59

Pakistan has refused to sell gold worth $2.7 billion, citing national security reasons, as the International Monetary Fund (IMF) pushes Islamabad to convert the precious metal into cash to build foreign currency reserves, revealed the global lender’s report on Friday. [caption id="attachment_36399" align="alignright" width="368"]...

This was posted under category: Business  |  Read Full Story   |  0 Comments
Arab Spring Hardships hit Mecca Gold Sales

Arab Spring Hardships hit Mecca Gold Sales

Monday, October 14, 2013 9:54

Economic hardships brought about by Arab Spring uprisings have taken a toll on jewelry retail trade in Saudi Arabia's Muslim holy city of Mecca, slashing gold sales by more than half compared to the same period last year, retailers said. [caption id="attachment_32896" align="alignright" width="360"]...

This was posted under category: Business  |  Read Full Story   |  2 Comments
The Darfur Conflict Deadly Gold Rush

The Darfur Conflict Deadly Gold Rush

Thursday, October 10, 2013 11:19

With its scrubland, unpaved roads and mud brick huts, the Jebel Amer area in Darfur, western Sudan, can look like a poor and desolate place. Under the ground, though, lies something sought by people everywhere gold. [caption id="attachment_32789" align="alignright" width="345"] ...

This was posted under category: Business  |  Read Full Story   |  0 Comments
Dubai Gold Trade Hurt by New Indian Import Tariffs

Dubai Gold Trade Hurt by New Indian Import Tariffs

Tuesday, September 24, 2013 10:10

Indian measures to discourage gold imports is shutting the door on top exporter Dubai, where trade activity has fallen by as much as 60 percent over the past two months, dealers said. [caption id="attachment_32373" align="alignright" width="360"] ...

This was posted under category: Business  |  Read Full Story   |  0 Comments
Gold Slide Flashes Warning Signs for Global Economy

Gold Slide Flashes Warning Signs for Global Economy

Saturday, April 20, 2013 11:03

The plunge in the gold price in the past week may have raised a big red flag over the global economy. Some top investors say the gold sell-off, and the broader declines in oil and metals prices, reflect the failure of the Federal Reserve and other central banks ...

This was posted under category: Business  |  Read Full Story   |  0 Comments
Gold Prices Improves to Rs 49457

Gold Prices Improves to Rs 49457

Tuesday, March 20, 2012 10:28

Gold improved by Rs 172 to Rs 49,457 per 10 grams in the local market Monday as its international price increased to $ 1,656 an ounce, market sources said. According to Karachi Saraf Association official, tola (11.664 grams) price also surged by Rs 200 at Rs 57,700. Silver ...

This was posted under category: Business  |  Read Full Story   |  0 Comments
Gold Reaches Rs58000 per Tola Historic Mark

Gold Reaches Rs58000 per Tola Historic Mark

Wednesday, August 17, 2011 6:35

Domestic gold jumped to new peak on Tuesday trade as the investors have secured fresh positions ahead of a further commodity appreciation amid concerns the world economy and markets may not perform good in near future. The price ...

This was posted under category: Business  |  Read Full Story   |  0 Comments
Gold at Historic High of Rs57,800 Tola

Gold at Historic High of Rs57,800 Tola

Friday, August 12, 2011 7:33

Domestic gold jumped to new historic peak on Thursday trade on the back of hefty buying and concerns the global economic recovery to remain under pressure in near future. The price of 10-gram gold has shot surged by ...

This was posted under category: Business  |  Read Full Story   |  0 Comments
Gold Sets New Highest Price 57,000 Tola

Gold Sets New Highest Price 57,000 Tola

Wednesday, August 10, 2011 6:42

KARACHI: Escalating domestic gold prices reached fresh peak in Tuesday trade on the back of buying frenzy triggered by United States and European debt woes, weakening dollar and investment shifting from equities to gold. Prices of 10-gram gold ...

This was posted under category: Business  |  Read Full Story   |  0 Comments
Gold climbs to New Peak of 54,850 Tola

Gold climbs to New Peak of 54,850 Tola

Tuesday, August 9, 2011 6:41

Domestic gold broke all previous records on mammoth buying triggered by US credit rating and Eurozone’s debt woes, depreciating dollar. Prices of 10-gram gold at local market appreciated by Rs1,114 to set a new historic high of Rs ...

This was posted under category: Business  |  Read Full Story   |  0 Comments