Diwali
As the countdown to Diwali and Dhanteras begins, gold prices have been scaling new highs, with the price of 24-carat gold hovering close to the Rs 80,000/10 gm mark. The demand for gold, both as an investment and for gifting purposes, is expected to increase during the festive
Commodity futures
Gold prices have surged to new record highs in both local and global markets, driven by uncertainty surrounding the US election and expectations of interest rate cuts by major central banks. The price of 24-carat gold per tola in the local markets rose by Rs700 on Thursday, reaching a new
Gold
Kaiser Reef Limited has marked a significant milestone with the decline at its high-grade A1 Gold Mine reaching the Nova Zone, a previously unmined level that holds substantial gold reserves. This achievement comes after 30 years of extracting "remnant" ore, and it signals a new chapter in the
Gold
Novo Resources Corp and its joint venture partner, De Grey Mining Ltd, are ramping up exploration efforts at the Egina Gold Project in Western Australia's Pilbara region. The joint venture, which acquired a combined land position of approximately 2,500 square kilometres in the Mallina Basin, is targeting
Gold
Capricorn Metals Limited is pleased to provide a preliminary update on the quarterly production at the Karlawinda Gold Project (KGP) in Sydney, Australia. The KGP delivered a steady quarter of operations, producing 25,559 ounces of gold, in line with expectations as per the FY25 mine plan. The operation is
Gold
Lundin Gold Inc., a Canadian mining company, has announced impressive third-quarter 2024 gold production figures from its Fruta del Norte mine in southeast Ecuador. The company produced 122,154 ounces of gold, significantly higher than the 112,212 ounces produced in the same quarter last year. This milestone marks a
Gold
Gold prices in Macau have reached an all-time high of over MOP30,000 per tael, driven by global bullion prices continuing their upward trajectory. According to Lei Koi Ian, president of the Macau Goldsmiths Guild, spot gold prices rose more than 1% globally earlier this week, fueled by a combination
Commodity futures
The gold futures contract on Bursa Malaysia Derivatives is likely to trade in consolidation mode next week as market participants await the release of United States economic data, according to SPI Asset Management managing director Stephen Innes. Despite the weakening US dollar, driven by the US Federal Reserve's
Gold
Gold prices have witnessed a decline in both domestic and global markets. In Pakistan, the price of 24-carat gold per tola has dropped to Rs274,900 per tola, a decrease of Rs600. Similarly, the cost of 10 grams of gold has fallen to Rs235,682, a drop of Rs515. The
Commodity futures
The gold futures contract on Bursa Malaysia Derivatives is likely to trade in consolidation mode next week as analysts anticipate a slowdown in momentum due to the US economic data release. While the market narrative remains bullish on gold due to the weaker US dollar, driven by the US Federal
Gold
Sydney, Australia: Maximus Resources Limited has made significant progress in its assay results from a completed Reverse Circulation (RC) drill program at the Hilditch gold deposit, a 90/10 joint venture with Bullabulling Pty Ltd. The program aimed to investigate recent intersected high-grade zones, and the company has commenced updating
Gold
The gold rates in India reached a new all-time high on September 25, with a 24-carat gold selling for Rs 75,280 per 10 grams in India, while the silver rate settled at Rs 92,390 per kilogram. The rise in gold and silver prices was attributed to the prospects
