Gold price hit record high

The price of gold hit a record high yesterday, with analysts giving a number of reasons for its rise. Both the price of the actual metal and the price for buying it at a future date rose more than 2 percent to $1,274.75 an ounce.

 It was the biggest one-day gain for the commodity in four months. One of the factors spurring investors is gold's traditional role as a so-called "safe-haven" investment at times of economic uncertainty.

On the physical market, demand for both bullion and jewellery has risen ahead of the seasonal Indian wedding period and the Hindu religious festivals that begin in September.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up