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Gold prices surge in global and local markets | The Express Tribune

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Gold prices surge in global and local markets | The Express Tribune



KARACHI:

Gold prices rose in international and local markets on Saturday, prompting the bullion market to release revised rates. In the international market, gold advanced by $28 per ounce, bringing the price to $3,685.

This surge in global prices directly impacted domestic bullion markets. The rate of 24-karat gold per tola increased by Rs2,800 to reach Rs390,300, while the price of 10 grams rose by Rs2,401 to Rs334,619.

Silver also recorded gains in the local market. The per tola price climbed by Rs114 to Rs4,532, while the rate for 10 grams increased by Rs98, settling at Rs3,885.

Read: Gold price dips in local, global markets

Earlier, gold prices in Pakistan fell, mirroring the international trend, while silver extended its gains. In the global bullion market, the price of gold dropped by $11 to $3,657 per ounce.

Following this, the domestic rate of 24-carat gold slipped by Rs1,100 per tola to Rs387,500, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The price of 10 grams declined by Rs943 to Rs332,218.



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US economy grows at fastest pace in two years

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US economy grows at fastest pace in two years


The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased.

The world’s largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected, and marked the strongest growth in two years.

The figures offer a clearer picture of the state of the US economy heading into the end of the year, after data collection had been delayed by the US government shutdown.

The report showed consumer spending rising by 3.5%, compared with 2.5% in the previous quarter.



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Fish and chip shop offers 100 free Christmas meals in Southampton

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Fish and chip shop offers 100 free Christmas meals in Southampton


“It’s just a way of us giving back to the community,” says a fish and chip shop owner, who is giving away 100 free meals on Christmas Eve.

Raj Khaira, from Southampton, has owned Top Catch fish and chips in Shirley for five years and says he wants to support lonely people in the area.

He says he feels lucky to have a big family but knows for some customers a conversation with a shopkeeper might be the only one they have some days.

He says the shop will give portions of sausage and chips to those in need as a way of “giving back to the people who haven’t got family around them and sometimes can’t afford a hot meal”.

Mr Khaira speaks about working in business all of his life and how much he enjoys meeting “different people every day, from different backgrounds”.

“I’ve done it since I was a young kid so it’s all I really know,” he says.

He adds that many of his customers are elderly and do not have connections over the festive period.

“Christmas for majority of us is probably going to be a joyful and busy day but for some people it’s probably going to be a quiet day,” he says.

After posting about the plans to donate on social media he received a lot of publicity and Mr Khaira is prepared to “probably do more than” 100 meals.

He says the shop has already organised a toy and present drop off to Southampton hospitals this December, with many of the donations coming from customers.

He says: “We’re only where we are as a busy shop because of our community and our lovely customers that come in and sometimes you’ve got to give back and I’m happy to do that.”

Looking back on some of the negative news reported in Shirley earlier this year with the rise in anti-social behaviour in the area, he admits he had suffered.

His shop window was smashed in the summer, but he says: “Christmas time lets us just try and forget that for a minute and just try and have a good time, and reflect back on the year and hopefully next year is going to be a better one.”



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Gold price shines by Rs8,500 per tola – SUCH TV

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Gold price shines by Rs8,500 per tola – SUCH TV



The price of per tola 24-karat gold in Pakistan increased by Rs8,500 on Tuesday, reaching Rs470,862 compared to Rs462,362 on the previous day.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold rose by Rs7,288, climbing to Rs403,688 from Rs396,400 on last day.

Likewise, the rate of 10 grams of 22-karat gold went up by Rs6,681, closing at Rs370,060 against Rs363,379.

In the international market, gold prices increased by $85, reaching $4,485 compared to $4,400 on the previous day.

Meanwhile, the price of per tola silver and that of 10-gram remained stagnant at Rs Rs7,205 and Rs6,177, respectively. International silver prices also remained unchanged at $69.30.



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