Author: capital

NEW YORK: The S&P 500 and the Dow Jones Industrial Average ended at record closing highs on Wednesday, while gold held just below the $4,500 mark by the conclusion of a light-volume, truncated Christmas Eve session. All three major US stock indexes ended the session in positive territory, with the benchmark S&P 500 set to notch a gain of nearly 18% for the year. US Treasury yields eased, while gold and silver edged back from record levels. For the year, the metals are on course to notch gains of 70%…

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KARACHI: Gold prices in Pakistan surged on Tuesday, tracking strength in the international bullion market, where silver extended its record rally to breach the key $70 per ounce level, while gold pared some gains after touching an all-time high amid stronger-than-expected US economic data. In the local market, the price of gold per tola rose by Rs8,500 to Rs470,862, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10 grams of gold increased by Rs7,288 to Rs403,688. On Monday, gold had already…

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KARACHI: Gold prices in Pakistan climbed further on Wednesday, extending their strong upward momentum in line with record gains in the international bullion market, as investors continued to flock to precious metals amid currency weakness, expectations of easier global monetary policy, and heightened geopolitical uncertainty. In the domestic market, the price of gold per tola rose by Rs2,000 to reach a fresh all-time high of Rs472,862, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This marked another sharp increase following Tuesday’s surge, when gold per…

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BEIJING: Pakistan’s Ambassador to China Khalil Hashmi on Monday held individual meetings with Pakistan’s honorary investment counsellors in China to strengthen coordination and set priorities for the year ahead. The meeting was attended by Ma Xiaoli, representing Yuan Jianming, Zhang Baozhong, Wang Zihai and Jian Peng. Besides individual meetings, the ambassador also held a collective working luncheon with the investment counsellors. Hashmi appreciated the counsellors’ sustained efforts across a wide geographic spread covering Hong Kong-Macao-Greater Bay Area, a region known for innovation in science and technology, Xinjiang, a gateway to…

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ISLAMABAD: Federal Minister for National Food Security and Research Rana Tanveer Hussain held a high-level meeting with Brazil’s Ambassador to Pakistan, Olyntho Vieira, to explore bilateral cooperation in livestock, dairy, meat processing and agri-food sectors. According to an official statement issued on Tuesday, Special Assistant to the Prime Minister (SAPM) Tariq Fatimi was also present. The meeting reflected the prime minister’s interest in the livestock sector and his direction to draw lessons from Brazil’s experience. The minister said Brazil is internationally recognised as a global leader in livestock production, meat…

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