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Gold prices in Pakistan Today – October 02, 2025 | The Express Tribune

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Gold prices in Pakistan Today – October 02, 2025 | The Express Tribune


After four consecutive sessions of gains, gold prices retreated in both the international and domestic markets on Thursday.

In the international bullion market, the yellow metal slipped by $25 per ounce to settle at $3,865.

Read: Gold tops Rs400,000 amid global rush

Tracking the global trend, domestic prices also registered a decline. The per tola rate fell by Rs2,500 to Rs407,778, while 10 grams dropped Rs2,144 to Rs349,603.

Silver followed the same trajectory, with per tola prices down Rs13 to Rs4,839 and 10 grams lower by Rs11 at Rs4,148.

Spot gold, however, recovered 0.5% to $3,883.69 per ounce in late trade, down from Wednesday’s all-time high of $3,895.09. US gold futures for December delivery inched up 0.3% to $3,908.90.



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Half of British adults gambled in last month – survey

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Half of British adults gambled in last month – survey



Almost half of adults (48%) in Great Britain have gambled in the last four weeks, according to an annual survey by the industry regulator.

Some 2.7% of adults scored “8+” on the Problem Gambling Severity Index (PGSI) in 2024 – up from 2.5% the previous year – which is “statistically stable” compared to the year before, the Gambling Commission found.

The headline figure of those who gambled over the last month – which is the same as the previous year – falls to 28% when those who had only bought tickets for a lottery draw were excluded.

Overall, some 42% of adults who gambled in the past 12 months rated the last time they gambled positively, compared to 21% who rated it negatively.

The chance of winning “big money” was the main reason why people gambled (85%), followed by finding gambling to be fun (72%).

Andrew Rhodes, chief executive of the Gambling Commission, said: “The Gambling Survey for Great Britain is a key building block of the evidence base which helps government, industry and other partners understand both gambling behaviour and potential consequences from gambling.

“This year’s findings deepen our understanding of consequences from gambling and provide crucial insight into risk profiles among those who gamble most frequently. We strongly encourage operators to use this evidence to consider the risks within their own customer bases.

Data and research, such as GSGB, is essential to helping us identify where our regulatory focus should be and informs our ongoing work to implement player protection recommendations from the Gambling Act Review White Paper.

“We have already introduced light-touch financial vulnerability checks on those spending £150 a month, reduced the intensity of all online games by banning autoplay and slowing game speed, and tightened age verification in premises.

“We’ve also banned potentially harmful marketing offers involving consumers having to carry out two or more types of gambling, such as betting and playing slots, and limited the number of times bonus funds must be re-staked before a consumer can withdraw winnings.

Will Prochaska, director of the Coalition to End Gambling Ads, said: “The Gambling Commission releases these statistics as if nothing is wrong. But there’s something very wrong when over a million people have a gambling problem and millions more are being harmed.

Families up and down the country are being torn apart to deliver profits for big gambling corporations. If we’re serious about addressing this crisis, we must start by banning gambling advertising.”



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Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040

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Ultra-wealthy millennials and Gen Zers to displace baby boomers by 2040


Young cheerful lady enjoying on poolside. Resting in spa hotel in pine forest in summertime. Swimming pool in tourist resort. Joyful woman on vacations, female wellbeing.

Oleg Breslavtsev | Moment | Getty Images

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

The ranks of the world’s ultra-wealthy continue to swell, with the number of individuals worth at least $30 million surging to 510,810 at the end of June, up 5.4% since the beginning of the year, according to a new report by wealth intelligence firm Altrata.

Millennials and members of Generation Z only make up 8% of this class, which boasts combined net worth of $59.8 trillion, per Altrata. Baby boomers command the lion’s share of nearly 45% and people born in 1945 or earlier represent another 22%.

However, this dynamic is set to change rapidly thanks to the great wealth transfer, with Altrata estimating that the millennials and Gen Z constituents will make up more than a third of the ultra-wealthy population by 2040. Meanwhile, the share held by baby boomers and the silent generation will shrink from more than two-thirds to a fifth, and Generation X will take the lead with 45%.

This generational shift has far-reaching implications for firms that cater to the ultra-rich, from wealth managers to art dealers as well as nonprofits, according to Altrata’s Maya Imberg.

“They really have to think ahead because 15 years is not actually that far away,” said Imberg, head of thought leadership and analytics at Altrata. “Are environmentally friendly cars going to become more critical? Are they going to be as into yachting? All of these preferences are going to have a really big impact on the bottom line of businesses.”

Part of this rapid growth is due to the increased use of trusts and family offices over the past decade to pass wealth to heirs at an earlier age, Altrata’s Maeen Shaban told Inside Wealth.

“That means younger people are able to access that wealth. They don’t have to wait for the principal to pass away,” said the director of research and analytics.

Imberg said the most “stark” difference between generations lies in the industries where they made their wealth and the ones where they currently work. For most ultra-wealthy individuals, especially younger ones, these two are one and the same, according to Imberg.

But 15% of the next generation derives their wealth from hospitality and entertainment, while their older peers index below 5%. The next generation is also the most likely (just under 9%) to have technology as their industry of focus, which is twice the share of baby boomers. While banking and finance is the most popular industry across all generations, the share for the youngest is just under 20%, 10 percentage points lower than the average.

These differences, according to the report, reflect tech companies minting millionaires, as well as influencers and celebrities monetizing social media.

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Other nuances can largely be attributed to age, such as the next generation listing philanthropy as a lower priority, as well as real estate and luxury assets making up nearly a quarter of their wealth. These young entrepreneurs are typically running businesses that may be illiquid, leaving less time and cash to spend on philanthropy, Imberg said.

They also have a lower average wealth with a median of $44 million (versus $57 million for baby boomers), so real estate often makes up a larger chunk of their portfolios, according to Shaban. And while baby boomers are downsizing, the next generation is in the mood to spend, he said.

“They are in more of an acquisition state than older generations. They’re still buying things. For some of them, they’re buying the first house, their first big car, their first vacation home, or whatever,” he said. “It’s a different life cycle.”



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Hacking has an evil twin! What is vibe hacking? Here’s how cyber frauds are misusing AI – The Times of India

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Hacking has an evil twin! What is vibe hacking? Here’s how cyber frauds are misusing AI – The Times of India


As if cyber frauds were not enough, you will now have to deal with another evil of the AI era, vibe hacking!Cybersecurity experts are warning that AI is increasingly being misused by criminals to launch sophisticated cyberattacks. What started as “vibe coding,” a way to harness AI for productive tasks, now has a darker side: “vibe hacking.AI developer Anthropic reported that its coding model, Claude Code, was recently exploited to steal personal data from 17 organisations, with hackers demanding nearly $500,000 from each victim, according to an ET report.Dark web forums now offer ready-made AI tools, called “Evil LLMs,” for as little as $100. Examples include FraudGPT and WormGPT, designed specifically for cybercrime. These tools can bypass safety measures and trick AI into leaking sensitive information or producing harmful content.A new AI agent called PromptLock can generate code on demand and decide which files to copy, encrypt, or access, raising the stakes even further.“Generative AI has lowered the barrier of entry for cybercriminals,” Huzefa Motiwala, senior director at Palo Alto Networks told ET. “We’ve seen how easily attackers can use mainstream AI services to generate convincing phishing emails, write malicious code, or obfuscate malware.”In simulations, Palo Alto Networks’ Unit 42 team demonstrated that AI could carry out a full ransomware attack in just 25 minutes, which is a whopping 100 times faster than traditional methods. Prompt injection, where carefully crafted inputs hijack a model’s goals, allows attackers to override security rules or expose sensitive data.Motiwala explained, “Attacks don’t only come from direct user prompts, but also from poisoned data in retrieval systems or even embedded instructions inside documents and images that models later process.”Research by Unit 42 found that certain prompt attacks succeed against commercial models 88% of the time.“AI has become a cybercrime enabler, and the Claude Code incident marks a turning point,” said Sundareshwar Krishnamurthy, partner at PwC India. “Cybercriminals are actively misusing off-the-shelf AI tools, essentially chatbots modelled on generative AI systems but stripped of safety guardrails and sold on dark web forums,” ET further quoted Krishnamurthy.Authorities in Gujarat have also cautioned that AI kits are being sold via encrypted messaging apps.“These tools automate everything from crafting highly convincing phishing emails to writing polymorphic malware and orchestrating social-engineering campaigns at scale,” said Tarun Wig, CEO of Innefu Labs. “Attackers can generate deepfake audio or video, customise ransomware, and even fine-tune exploits against specific targets.”Autonomous AI agents make the threat worse by remembering tasks, reasoning independently, and acting without direct human input.Vrajesh Bhavsar, CEO of Operant AI, pointed to risks from open-source Model Context Protocol (MCP) servers. “We’re seeing vectors like tool poisoning and context poisoning, where malicious code embedded in open repositories can compromise sensitive API keys or data,” he said. “Even zero-click attacks are rising, where malicious prompts are baked into shared files.”Experts say AI developers, including OpenAI, Anthropic, Meta, and Google, must do more to prevent misuse.“They must implement stronger safeguards, continuous monitoring, and rigorous red teaming,” said Wig. “Much like pharmaceuticals undergo safety trials, AI models need structured safety assessments before wide release.”





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