Canada Global TV

Tag: Gold

  • How Much Gold Was Stolen In Britain In Five Years? Surprising Revelation

    How Much Gold Was Stolen In Britain In Five Years? Surprising Revelation

    Canada Global (Web News) Surprising revelation: How much gold was stolen in Bradford, UK, in the last five years

    Over the past five years, more than £546,000 worth of Asian gold has been stolen in separate incidents in the Bradford district of the UK, causing serious concern in the local community. The revelation came to light in a Freedom of Information Act request to local media, which asked West Yorkshire Police for details of Asian gold thefts since 2020. According to details provided by the police, there were five incidents reported in 2020 involving the theft of £32,600 of gold,

    while three incidents in 2021 involved the theft of £20,000 of gold. There were also three incidents in 2022 involving the theft of £32,000 of gold. There was a significant increase in the number of incidents in 2023, with 49 incidents reported, involving the theft of £170,833 worth of gold. While 80 incidents have been reported since the start of 2024, involving the theft of £290,852. Bradford Council’s Labour councillor Sabiha Khan told Jang that these thefts not only cause financial loss but also emotional trauma for families, as these pieces of jewellery often include tokens or wedding gifts from parents or grandparents. She added that such incidents also put psychological pressure on victims, creating an atmosphere of insecurity and fear in their lives. West Yorkshire Police has appealed to the public to contact police immediately on 101 or report it via live chat on the website if anyone has any information about the theft of Asian gold.

  • How To Extract Gold From E-Waste

    How To Extract Gold From E-Waste

    Canada Global (Web News) Scientists have developed a very effective method of extracting gold from electronic waste.

    Researchers used protein sponges from waste during the cheese-making process to extract precious metals from e-waste. According to the researchers, this method is sustainable and commercially viable. In the study, scientists collected 450 mg of 22-carat gold from just 20 old computer motherboards. The energy cost of the process is 50 times less than the cost of mined gold. To extract the gold, scientists destroy all the natural properties of whey protein under acidic conditions at high temperatures to create a protein slurry that can be dried. A sponge was made by doing it.

    The researchers then separated metal parts from 20 motherboards and soaked them in acid, then placed a protein fiber in the solution to attract gold ions. Other metals are also attracted to these fibers, but gold does this more effectively. The scientists heated the sponge to convert the gold ions into galls, which then melted into gold flakes.

  • Gold price rise to record high of Rs225,300 per tola

    Gold price rise to record high of Rs225,300 per tola

    Canada Global (Web News) On Thursday, the gold price in Pakistan smashed all prior records, reaching Rs225,300 per tola.

    The price of 24 carat gold climbed by Rs2,600 per tola and Rs2,229 per 10 grammes, reaching Rs225,300 and Rs193,158, respectively, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).

    The price of gold rose by $29 to settle at $2,044 per ounce on the world market. Gold’s worth in Pakistan reached a record high as a result of the rise in global gold prices and the country’s continuous economic unrest.

    The inability to reach an agreement with the International Monetary Fund (IMF) for a critical economic bailout is another reason for the rising demand for gold.

    Additionally, the price of silver increased by Rs 120 per tola and Rs 102.88 per 10 grammes, respectively, to settle at Rs 2,870 and Rs 2,357.68.

  • India to invite fresh bids for import quotas for UAE gold

    India to invite fresh bids for import quotas for UAE gold

    Canada Global (Web News) The Indian government said on Thursday that it would solicit new bids for import quotas of gold from the United Arab Emirates (UAE) at a reduced duty set down in a trade agreement between the two nations.

    The government stated in a statement that the quotas are for the import of 140 tonnes of gold from the UAE during the course of the fiscal year that began on April 1 with a duty that is one percentage point less than India’s usual 15% gold import duty.

    India is the second-largest consumer of gold in the world and imports the majority of its gold.

    It and the UAE signed a comprehensive trade and investment agreement last May with the intention of reducing tariffs and raising bilateral trade to $100 billion in five years.

    According to the deal, the maximum amount of gold that can be imported from the UAE duty-free over a five-year period will be 200 tonnes.

  • Gold and Silver price rises in Pakistan

    Gold and Silver price rises in Pakistan

    Canada Global (Web News) Monday, gold prices increased in Pakistan, following worldwide trends and possibly being boosted by a declining rupee, which makes the dollar-quoted safe-haven commodity more expensive and forces dealers to be more cautious on the eve of a monetary policy meeting.

    The price of gold (24 carats) increased by Rs 1,200 per tola and Rs 1,028 per 10 kilos to settle at Rs 209,500 and Rs 164,645 respectively, according to All-Pakistan Sarafa Gems and Jewellers Association (APSGJA).

    On Monday, the rupee lost 0.44% of its value against the dollar in the interbank market. The rupee ended up at 285.04 with a loss of Rs1.25, according to the State Bank of Pakistan (SBP).

    With the out-of-control inflation, it is anticipated that the State Bank of Pakistan will increase the policy rate by 100 to 200 basis points. Pakistan’s consumer price inflation increased by a record 35.37% in March compared to the same month last year.

    Since gold increases in value as the value of the dollar declines, it is typically touted as a powerful hedge against inflation.

    Pakistan’s monthly inflation blew past predictions in March and soared to a nearly all-time high level — 35.4% — from a year earlier. People are now suffering more as a result of some of the fastest rising consumer prices and tightening budgets as the cost of living continues to outpace average incomes.

    The policy rate was increased by the central bank by 300 basis points to 20% last month.

  • Man finds more than two kg of gold with regular metal detector in Australia

    Man finds more than two kg of gold with regular metal detector in Australia

    Canada Global (Web News) A man in Australia has found a rock containing two hundred and forty thousand. Australian dollars’ worth of gold with the help of an ordinary metal detector.

    The man, who does not want to be named, found the stones in the goldfields of Victoria. This is the area that has been the center of gold exploration in the 19th century.

    Darren Kemp, the expert who appraised and then bought the stone, says he has never seen such a find in his 43-year career.

    He said, ‘I was surprised to see him. Such a thing comes once in a lifetime.

    According to Darren Kemp, people usually come to him with metals that look like gold, but when the man arrived at his shop with a large bag, he had no idea that such a thing could be found in it.

    He took out a stone from the bag and handed it to me and said, “Do you think it could contain ten thousand dollars’ worth of gold?” I looked at him and said talk about a hundred thousand dollars.’

    According to Darren, the man then told him that he had another such stone. The weight of the stones in the man’s possession was 4 kg 600 grams and 83 ounces or 2 kg 600 grams of gold were extracted from it.

    Darren Kemp says that when he bought the stone from the man, he said, ‘Oh wow, my wife will be so happy

  • Gold prices jumps by Rs5,600 per tola

    Gold prices jumps by Rs5,600 per tola

    Canada Global (Web News) The price of gold also began to rise in tandem with rising inflation. The selling price of 24-karat gold per tola climbed by Rs5,600 on Friday, rising to Rs207,500 from Rs201,900 the previous day.

    Price of 10 grammes of 22-karat gold decreased to Rs163,073 from Rs158,672 while the price of 10 grammes of 24-karat gold increased by Rs4,801, rising to Rs177,898 from Rs173,097.

    The cost of silver per tola rose by Rs 20 to Rs 2,200, while the cost of silver per gramme rose by Rs 17.15 to Rs 1,903.29.

    The price of gold surged by US $58 on the international market, reaching a new high of $1,997 per ounce on Friday, up from its previous selling price of $1,939 the day before.

  • Gold price increases Rs400 to Rs197,700 per tola

    Gold price increases Rs400 to Rs197,700 per tola

    Canada Global (Web News) According to the All Sindh Sarafa Jewellers Association, the price of 24 carat gold per tola jumped by Rs400 and was sold on Thursday for Rs197,400 as opposed to the previous day’s price of Rs197,300.

    In addition, the cost of 10 grammes of 24 karat gold climbed by Rs343, from Rs169,153 to Rs169,496, while the cost of 10 grammes of 22 carat gold jumped from Rs155,057 to Rs155,371.

    The price of ten grammes of silver reduced by Rs17.15 to 1,817.55 while the price of a tola of silver dropped by Rs20 to Rs2,120.

    According to the organisation, the price of gold dropped by US$23 on the global market to $1,819 from its sale price of $1,842.

  • Gold price drops by Rs700 to Rs197,300 per tola

    Gold price drops by Rs700 to Rs197,300 per tola

    Canada Global (Web News) According to the All Sindh Sarafa Jewellers Association, the price of 24 carat gold per tola dropped by Rs. 700 and was sold for Rs. 197,300 as opposed to the previous day’s price of Rs. 198,000.

    In addition, the cost of 10 grammes of 24 karat gold dropped by Rs. 600 to Rs. 169,153 from Rs. 169,753, while the cost of 10 grammes of 22 carat gold fell to Rs. 155,057 from Rs. 155,607, respectively.

    Silver is still being sold for the same price per tola and every ten-gram weight at Rs. 2,140 and 1,834.70, respectively.

    According to the association, the price of gold dropped by US$7 on the international market to $1,842 from its sale price of $1,849 per ounce.

  • Gold price drops by Rs800 per tola

    Gold price drops by Rs800 per tola

    Canada Global (Web News) 24 carat gold’s per-tola cost dropped by Rs800, trading at Rs197,600 as opposed to the previous trading day’s sale of Rs198,400.

    According to the All Sindh Sarafa Jewellers Association, the cost of 10 grammes of 24 karat gold dropped by Rs. 686 to Rs169,410 from Rs170,096, while the cost of 10 grammes of 22 carat gold dropped to Rs155,293 from Rs155,921.

    One tola of silver cost Rs. 30, down from Rs. 2,130, while ten grammes of silver cost Rs. 25, down from Rs. 25, to Rs. 1,826.13.

    According to the association, the price of gold dropped from US$1,865 to $1,860 on the international market.

  • Gold price in Pakistan jumps to Rs202,500 per tola

    Gold price in Pakistan jumps to Rs202,500 per tola

    Canada Global (Web News) The price of 24 carat gold per tola increased by Rs7,000 on Friday and reached an all-time high of Rs202,500, up from its sale price of Rs195,500 on the previous trading day.

    According to the All Sindh Sarafa Jewellers Association, the price of 10 kilos of 22 karat gold jumped to Rs159,144 from Rs153,642 while the price of 10 grammes of 24 carat gold increased by Rs 6,000 to Rs173,610 from Rs167,610.

    One tola of silver now costs Rs. 2200, up Rs. 50, while ten grammes of silver cost Rs. 42.86 more, or Rs. 1886.14.

    According to the organisation, the price of gold dropped by US$6 to US$1,930 on the international market from its sale price of US$1,936 on the previous trading day.

  • Gold price records an all-time high in Pakistan

    Gold price records an all-time high in Pakistan

    Canada Global (Web News) On Tuesday, the cost of gold per tola shot through the roof.

    According to the All Pakistan Gems and Jewels Association, the new price of gold per tola was Rs189,300 on Tuesday due to a rise of Rs1,150. The cost of 10 grammes of gold rose to Rs162,294.

    According to the association, a gold ounce currently costs $1,938 on the global market after a $14 increase.

  • Gold price drops Rs100/tola

    Gold price drops Rs100/tola

    Canada Global (Web News) The local market’s price of gold decreased by Rs100 per tola.

    Data from the All Sindh Saraf Jewellers Association indicates that the local market’s price for gold has decreased to Rs184,400 per tola. Similar to this, the cost of 10-gram gold dropped by Rs86 to Rs158,093.

    Prices for gold dropped by $6 to $1,909 per ounce on the world market. The price of silver per tola stayed the same at Rs2,080. The cost of ten grammes of silver remained constant at Rs 1,800.41.

  • Gold price decreases Rs200 per tola

    Gold price decreases Rs200 per tola

    Canada Global (Web News)On Monday, the price of 24 carat gold per tola dropped by Rs200 and was sold for Rs185,100 as opposed to Rs185,300 the previous trading day.

    10 grammes of 24 karat gold were sold for Rs158,693 instead of Rs158,865, while 10 grammes of 22 carat gold were sold for Rs145,469 instead of Rs145,626, according to the All Sindh Sarafa Jewellers Association.

    Silver’s per-tola and per-ten-gram prices were the same at Rs. 2,070 and Rs. 17,74.70, respectively.

    According to the association, the price of gold jumped by US$ 4 on the global market, going from US$ 1,867 to US$ 1,871.

  • Pakistan’s gold price recovered after a steep drop, as inflation fears persist

    Pakistan’s gold price recovered after a steep drop, as inflation fears persist

    Canada Global (Web News) Gold rebounded after falling below the crucial Rs188,000 threshold the previous day and experiencing its sharpest decline in recent months as gloomy economic data increased worries about an impending economic downturn.

    Gold’s price fell as low as Rs5,200 per tola on Thursday, but on Friday it started to rise again.

    According to information made public by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold increased by 300 rupees per tola and 257 rupees per 10 kilos, respectively, to settle at Rs183,700 and Rs157,493.

    The group noted that the majority of buyers in the neighbourhood market are now gold investors. In the past, people kept their money in US dollars to protect them from the effects of the rupee’s devaluation during a period of high inflation.

    After the dollar’s shortage on the open market, they said, investors began shifting to the bullion market. Contrasting with the interbank market’s price of Rs227, illicit traders were charging Rs250–260 for the dollar on the black market.

    Analysts contend that the decrease from the previous day was a healthy correction that allowed more buyers to enter, which led to a rebound in prices.

    Goldsmiths predict that due to the rupee’s depreciation against the US dollar during the present cycle, the price of gold may increase to Rs200,000 per tola.

    They do, however, also think that a $6–$8 billion infusion from international and bilateral creditors will pop Pakistan’s price bubble.

    Price of gold dropped by $9 per ounce on the global market before settling at $1,839 an ounce.

  • Gold opens 2023 with record breaking price hike

    Gold opens 2023 with record breaking price hike

    Canada Global (Web News) First time in the history of Pakistan, following its pattern from 2022, gold continued to rise on the first trading day of 2023, hitting Rs 187,000 per tola.

    The price of gold increased by Rs 3,300 per tola and Rs 2,829 per 10 kilos, respectively, according to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), to settle at Rs 187,200 and Rs 160,494 each.

    The safe haven asset increased in value by Rs57,900, or 45.95%, from its December 31, 2021 price of Rs126,000 per tola.

    According to the group, the price of gold in Pakistan has been “overcost” by Rs6,500 per tola when compared to pricing in Dubai. This indicates that the price of gold in Pakistan is currently higher than it is on the global market.

    The change from “under cost” to “above cost” also calls into doubt the long-term viability of Pakistan’s bullion price.

    The discrepancy between the official price of gold and the price it is being sold for is growing. The official price in the Sarafa market, as announced by the association, is Rs187,200 per tola. But the price at which it is being offered is higher.

    Due to the rupee’s depreciation against the US dollar during the present cycle, financial experts and goldsmiths predict that the price of gold may increase to Rs200,000 per tola.

  • Gold hits all-time high in Pakistan

    Gold hits all-time high in Pakistan

    Canada Global (Web News) Gold’s record rally is edging dangerously close to the psychologically important Rs175,000 level in Pakistan, fueled by investors seeking refuge from the political toll reflected in rupee weakness, faltering stocks, and economic tension.

    The price of precious goods increased by Rs 2,200 per tola and Rs 1,886 per 10 kilos, according to the All Pakistan Sarafa Gems and Jewellers Association, to settle at Rs 174,900 and Rs 149,948, respectively.

    Gold
    Gold Price Hike

    The commodities expert noted that investors’ attention has switched to safe-haven assets as a result of the dollar’s scarcity and uncertainty about the rupee’s parity with the dollar.

  • Gold price hits Rs169,650 per tola

    Gold price hits Rs169,650 per tola

    Canada Global (Web News) Due to the country’s lack of dollars, investors turned their attention to gold, which led to its price in Pakistan reaching a record high of Rs169,650 a tola on Monday.

    As investors continued to seek refuge in the safe-haven metal due to growing worries that the nation’s economic situation could worsen, the price of gold increased by Rs2,350 to an all-time high.

    All Pakistan Sarafa Gems and Jewellers Association (APSGJA) data indicates that the price of gold increased by Rs2,016 per 10 grammes to settle at Rs145,448.

    In the meantime, silver prices rose over the crucial Rs1,900 per tola mark. Price increases of Rs. 80 per tola and Rs. 68.58 per gramme brought the price to an all-time high of Rs. 1,970 and Rs. 1,688.95.

  • Gold is edging lower as investors monitor political and economic developments.

    Gold is edging lower as investors monitor political and economic developments.

    Canada Global (Web News) Gold prices decreased somewhat but without a discernible trend as investors continued to monitor political and economic news.

    As the price for local markets is set by taking into account its prices in global markets, the rupee-dollar exchange rate, and demand and supply in home markets, analysts say gold could stay erratic until there is definite direction.

    According to information provided by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold decreased by Rs. 400 per tola and Rs. 342, respectively, to settle at Rs. 158,000 and Rs. 135,460.

    The price of the yellow metal dropped by $5 per ounce on the global market, finishing at $1,761.

    On Pakistan, the cost of the precious good is about Rs 1,000 less than it would be in the Dubai market.

    In the meantime, domestic silver prices held steady at Rs. 1,690 per tola and Rs. 1,448.90 for 10 grammes.

  • Gold rate increased by Rs1000 per tola.

    Gold rate increased by Rs1000 per tola.

    Canada Global (Web News) Gold prices saw an increase of Rs 1,000 per tola as it was sold at Rs 157,000 as compared to the previous day’s sale of Rs 156,000.

    The price of 10 gm 24 carat also increased by Rs 858 and sold at Rs 134,602 against Rs 133,744, while the price of 10 gm 22 carat was Rs 123,385 against Rs 122,600, All Sindh Sarafa Jewelers Association. reported.

    The price of silver per tola and ten grams remained stable at Rs 1680 and Rs 1440.32 respectively.

    Gold prices rose by $18 in the international market and traded at $1,775 against $1,757 the previous day, the association reported.