JOHANNESBURG : South Africa’s National Union of Mineworkers said it would seek pay rises of up to 60pc from gold and coal producers. Africa hoping to avoid the 2012 wildcat strike action at platinum and gold mines that cost billions. Mineworkers are mobilizing to assert themselves, with the ...

  Ben Sheppard After scrambling up a steep mountainside in northAfghanistan, Morad Ali crouches beside a gap cut in the slope and touches some reddish-brown rock. “The gold is in here,” he says. Ali was one of generations of local men who used chisels and pickaxes to extract small ...

NEW YORK : The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labour market added to bullish sentiment on the dollar. Wall Street surged at day's end, pushing ...

KHARTOUM More than 60 people were killed when a desert gold mine collapsed in an area of Sudan’s Darfur where hundreds died in fighting over the precious commodity in January-February, the district chief said Thursday.It was not known how many people may still be missing after Monday’s ...

NEW YORK - Gold fell more than 2 percent on Wednesday, the biggest daily drop since its historic decline in mid-April, as investors sold off a range of commodities, and caution prevailed ahead of a policy statement by the Federal Reserve. Silver dropped 4 percent and platinum group metals fell 2 ...

ISLAMABAD  -  The Pakistan Economy Watch (PEW) on Wednesday expressed concern over receding gold and silver prices, terming it a sign of shrinking economic activity on the global scale. Contracting economic activity is because of incoherent policies of western banks causing falling ...

ISLAMABAD : The gold imports during first nine months of current fiscal year surged by 33.49pc as against the same period of last year. According to data revealed by PBS, during the period under review, 2,942 kilogram of yellow metal worth of $159.172m was imported as compared to the import of ...

LONDON :  Gold rose on Wednesday as physical demand encouraged speculative buying after the previous session's drop, while support also came from weak German economic data which fuelled prospects the European Central Bank (ECB) could cut interest rates.Investor confidence is still reeling from ...

VIENNA - As if he needed any more excuse to hit the slopes, Austrian ski star and overall World Cup winner Marcel Hirscher has been given a free ski pass for life and a top award for his success in the recently concluded season. The 24-year-old, who took home world championship gold and the crystal ...

NEW YORK - American sprinter Shawn Crawford, who won the 200 metre gold medal at the 2004 Athens Olympics, has been banned for two years for failing to comply with out-of-competition dope testing even though his agent says he retired last year. The United States Anti-doping Agency (USADA) issued a ...

LONDON: Gold rebounded above $1,400 an ounce on Friday as strong buying of coins and bars continued, primarily in Asia, but prices were still on course for a fourth week of losses after a brutal sell-off. Analysts said more weakness could be on the cards, including further outflows from ...

KARACHI : All Sindh Sarafa Association recorded a Rs 3000 drop in gold prices per tola on Monday, bringing the price of gold to Rs 53,500 per tola. This is the biggest ever fall in gold prices to be recorded in one day. The price of gold in the international markets is also facing a two year low, ...

LAHORE - Punjab University has won Gold Medal from Pakistan Council for Science and Technology (PCST) in a 2-day "Invention to Innovation Summit 2013". The Gold Medal was awarded to research group of Institute of Chemical Engineering & Technology Dr. Amir Shafeeq, Dr. Ayyaz Muhammad and ...

LONDON - Gold edged lower on Monday, after rising by nearly 2 percent in the previous session, as funds were seen cutting bullion holdings for better investment yields in riskier assets such as equities.Spot gold dropped 0.4 percent to $1,575.26 an ounce by 1406 GMT. On price charts the metal ...

ISLAMABAD – The gold imports during first eight months of current fiscal year surged by 48.2 per cent as against the same period of last year. About 2,645 kilogram of gold worth of $143.633 million was imported during the period under review as compared to the import of 1,805 kg valuing ...

RAWALPINDI - Tow unknown robbers snatched 1300 grams of gold and cash from two jewellers on gunpoint at Ganjmandi Road, the jurisdictions of Police Station (PS) Ratta Amral, reliable sources informed here on Thursday.The police, on receiving information of the incident, rushed to the scene and ...

LONDON - Gold steadied on Tuesday as caution ahead of testimony from Federal Reserve chief later in the day curbed early gains made after a deadlock in the Italian elections sparked demand for bullion as a haven from risk. European shares slid 1.1pc and the dollar and safe-haven German bunds ...

LONDON - Gold slipped below $1,650 an ounce in thin trading on Wednesday as investors hugged the sidelines ahead of a G20 meeting which is expected to give clues on currency policy.China’s week-long Lunar New Year holiday also curbed trade. Gold suffered technical selling pressure this week, ...

LONDON  - Gold tiptoed lower on Monday as investors remained cautious ahead of an eagerly awaited U.S. Federal Reserve meeting, which should disclose more details on the Fed's quantitative easing policy.Platinum group metals held up, with spot palladium hitting repeated 16-month highs, buoyed ...

DATTA Phuge, a chit fund businessman from Pimpri, India, refers to himself as “The Gold Man of Pimpri” and in order to live up to this image, he has recently commissioned a 22-karat gold shirt weighing 3.2 kilograms that’s bound to make some Western rappers green with ...

KOT RADHA KISHAN - Armed dacoits snatched 12 tolas of gold, two cellphones and other valuables worth hundreds of thousands of rupees from a house here at Street No-6 on Peerowala Road in the limits of Saddr Police on other day. Sources said that four dacoits forced their entry into the house ...

LONDON Gold rose towards six-month highs on Tuesday, helped by the weakness in the dollar after a warning from a ratings agency on U.S. creditworthiness and after holdings of the metal in exchange-traded products reached a record high. The euro's rise towards four-month highs against the dollar has ...

LONDON  - Brazil on Saturday defended their unbeaten record in Paralympic five-a-side football, beating France 2-0 to clinch their third gold in three Games.Gabriel Da Silva converted a first-half penalty after skipper Ricardo Steinmetz Alves was brought down in the box, while Martin Baron ...

GEORGE Chirita, a Romanian electronics engineer turned computer designer makes luxury computers and accessories for the world’s rich and famous. His creations are inspired by royalty like French King Louis XVI and are decorated with expensive materials like gold, marble or lapis lazuli. ...

LONDON - Gold steadied around five-month highs on Monday, drawing strength from last week’s indication by the head of the U.S. Federal Reserve that the central bank could act to shore up growth and by evidence of a strong pick-up in investor demand.The gold price rose for a third successive ...

LONDON  - Gold prices eased on Friday as waning appetite for higher-risk assets and a firmer dollar prompted investors to cash in gains after a seven-session rally to 4-1/2 month highs, though they stayed on track for their biggest weekly rise since early June.Platinum was also set for a ...

LONDON - China surged clear at the top of the Olympic medals table on Sunday, adding two more golds to their opening day haul as swimming star James Magnussen put Australia on course for relay glory. After dominating day one of competition with four gold medals, Chinese athletes hit paydirt once ...

KARACHI - Gold price jumped by Rs 557 to close at Rs 49,114 per 10 grams in the local market Thursday, market sources said. According to Karachi Sarafa Association official, tola (11.664 grams) price also increased by Rs 650 to Rs 57,300. Reuters adds from London: Gold prices climbed to three-week ...

KARACHI  - Gold price improved by Rs 43 to close at Rs 48,514 per 10 grams in the local market Thursday, market sources said. According to Karachi Sarafa Association official, tola price also inched up by Rs 50 to Rs 56,600. Reuters adds from London: Gold fell to a 4-week low, acting more like ...

Today was Shahid Afridi’s day, who batted well for his unbeaten half-century and later took two wickets in his four overs and also took a catch to help Pakistan bowled Sri Lanka out for 99 runs, 24 runs short of victory target in the second Twenty20 played at the Hambantota on Saturday. ...