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Express Tribune
5 days ago
- Business
- Express Tribune
Gold prices drop in global, local markets
Listen to article Gold prices saw a decline in both global and local markets today, as a weakening demand caused significant price drops. The price of gold in the international bullion market fell by $26 per ounce, settling at $3,331 after a three-day break. Following the global downturn, local gold markets also witnessed a price reduction. On Monday, the price of 24-karat gold dropped by Rs2,600 per tola, bringing it to Rs351,500. Similarly, the price of gold per 10 grams also saw a decline of Rs2,228, now priced at Rs301,354. In contrast, silver prices remained stable. The price of one tola of silver stood unchanged at Rs3,508, while the price for 10 grams was also steady at Rs3,007. On Saturday, gold prices had increased in line with an upward trend in the international market. In the local market, the price of gold per tola rose to Rs354,100, reflecting a gain of Rs3,100 during the day.
TimesLIVE
21-05-2025
- Automotive
- TimesLIVE
BYD launches low-cost ‘Dolphin Surf' EV in Europe
China's BYD introduced its low-cost electric "Dolphin Surf" car, its 10th model on offer in Europe, in Berlin, Germany on Wednesday as sales across the region pick up speed after a strategic revamp. The car will sell at three price points, from €22,990 (R46, 129) for a 322km range to €24,990 (R506,508) for a 507km range. Until the end of June, the three versions will be available at a discounted price of €19,990 to €24,990 (R405,196 to R506,546), sales chief Patrick Schulz announced on Wednesday. The car piles pressure on Europe's carmakers to offer more affordable electric alternatives, with cost a major barrier to wider adoption of electric cars. While only a handful of models, such as the Dacia Spring or Leapmotor's T03, exist in Europe for under €20,000 (R405,399), 11 new models priced under €25,000 (R506,749) will go on sale on the continent this year, including Volkswagen's ID.2, the Renault R5, the Fiat Grand Panda and the Hyundai Inster. "The compact segment is the next frontier for electrification in Europe," Maria Grazia Davino, regional managing director for markets including Germany, said in Berlin. "We think this market has huge potential."
Daily Express
15-05-2025
- Sport
- Daily Express
Malaysia - China Friendship Run July 27
Published on: Thursday, May 15, 2025 Published on: Thu, May 15, 2025 Text Size: Malaysia-China Friendship Association of Sabah Deputy Executive President and Secretary-General Steven Liaw (front, third from left) and Organising Committee Chairman Michael Lim (middle). Kota Kinabalu: The 2025 edition of the Malaysia-China Friendship Run, branded as Jom! Malaysia-China, is set to take place here on July 27, promising a vibrant morning of community spirit and healthy living. Organised by the Malaysia-China Friendship Association of Sabah, the event has gained strong support over the years from community leaders, local businesses and running enthusiasts from across the State. The organisers expect similar enthusiasm for this year's run. Advertisement The flag-off is scheduled for 6am at Padang Merdeka here. Participants will follow a scenic 7-kilometre route towards the Likas Bay City Mosque roundabout before turning back to the starting point. The association stated that renowned sports brand Skechers returns as the main sponsor, continuing its active promotion of fitness and wellness in Sabah. This year's sponsorship includes attractive lucky draw prizes worth RM60,000 and race packs featuring a commemorative T-shirt, eco-friendly non-woven bag, a 30pc Skechers discount voucher, race bib and medal. The highlight of the event's lucky draw is a grand prize of a 12-month running shoe package valued at RM5,508. The winner will be entitled to a pair of Skechers running shoes worth RM459 each month for a year, redeemable at any Skechers outlet. In total, 350 lucky draw prizes will be offered, including 349 cash prizes amounting to RM54,500. The top cash prize is RM2,000 for one winner, followed by RM1,000 each for three winners and RM500 each for five winners. Other cash prizes include RM300 for 20 winners, RM200 for 50 winners, RM150 for 80 winners and RM100 for 190 winners. The public are encouraged to register early to facilitate smooth distribution of race packs. For further details and registration, interested participants may contact the organising team at 016-8304020, 012-8332282, 016-8363960, or 012-8060944, or email [mazhongfriendship @ protected]). * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
14-05-2025
- Sport
- Daily Express
Malaysia-China Friendship Run offers attractive prizes, community spirit
Published on: Wednesday, May 14, 2025 Published on: Wed, May 14, 2025 Text Size: Malaysia-China Friendship Association of Sabah Deputy Executive President and Secretary-General Steven Liaw (front, third left) and organising chairman Michael Lim (middle) with the committee members. KOTA KINABALU: The 2025 Malaysia-China Friendship Run will take place on 27 July at Padang Merdeka, offering a vibrant morning of fitness and unity. Organised by the Malaysia-China Friendship Association of Sabah, the annual event continues to receive strong backing from community leaders, local businesses, and running enthusiasts. The 7-kilometre route begins at 6am, leading participants from Padang Merdeka to the Likas Bay City Mosque roundabout and back. Main sponsor Skechers returns with race packs that include a T-shirt, eco bag, discount voucher, medal, and entry to lucky draws worth RM60,000. The top draw prize is a year-long running shoe package worth RM5,508, with 349 other cash prizes totalling RM54,500 up for grabs. For further details and registration, contact the organising team at 016-8304020, 012-8332282, 016-8363960, or 012-8060944, or email [email protected]. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
IOL News
22-04-2025
- Business
- IOL News
Rand stronger, gold hits new high as Trump Fed fears keep global markets under pressure
Gold has hit a new all-time high while global markets remain under pressure following further hints that US President Donald Trump could attempt to oust Federal Reserve boss Jerome Powell. The South African rand remained steady at R18.66 to the US dollar on Tuesday morning, having gained 1.1% over the long weekend. The local currency has clawed back significantly from its April 9 record low of R19.93 that was reached just before Trump's tariff pause announcement. The US currency is currently trading at 15-month lows against major global currencies. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ "The rand is trading firmer this morning on the back of the weaker dollar and soaring gold price. EM (emerging market) currencies are all showing some decent gains despite the uncertainty in markets," said Andre Cilliers, Currency Strategist at TreasuryONE. "Brent crude is trading flat at $66.64, with traders sitting on the sidelines amidst all the uncertainty." International markets have started the week in the red, although Asian stocks saw a mixed performance on Tuesday morning. 'Asian markets are experiencing pressure this morning, following a significant selloff in the US on Monday, which saw the S&P 500 drop 2.4%,' said Bianca Botes, Director at Citadel Global. 'Concerns over trade conflicts and potential changes in the Federal Reserve's leadership contributed to the decline.' Gold hit a new record high of $3,457 (R64,508) on Tuesday, as investors continued to seek a safe haven. Linh Tran, Market Analyst at says bullion prices continue to be driven by three core factors: growing expectations that the Federal Reserve will soon shift to monetary easing, escalating trade tensions between the US and China, and persistent geopolitical risks, such as the ongoing Russia and Ukraine conflict. Investors are now dealing with the added worry that Trump will try to remove the country's top banker, raising question marks around the central bank's independence, AFP reports. Following Powell's warning last week that Trump's severe tariffs would likely fuel inflation, Trump hit back, stating his termination 'cannot come fast enough,' and adding: "I'm not happy with him. I let him know it and if I want him out, he'll be out of there real fast, believe me". Trump took further aim at Powell on Monday, urging him to make pre-emptive interest rate cuts, and calling him a 'major loser' and 'Mr Too Late'. Should Trump attempt to fire the Fed boss, it could cause a huge loss of confidence in the US economy, analysts warn. "Were Powell to be fired, the initial reaction would be a huge injection of volatility into financial markets, and the most dramatic rush to the exit from US assets that it is possible to imagine," Pepperstone strategist Michael Brown told AFP.
