Latest news with #571
News18
21-05-2025
- Sport
- News18
ISSF Junior World Cup: Kanak Claims 10m Air Pistol Gold
Last Updated: The 17-year-old Indian scored 239.0 in the 24-shot eight-women final to upstage Anna Dulce of Moldova by 1.7 points. Budding Haryana shooter Kanak opened India's gold-medal account at the ISSF Junior World Cup in Germany, clinching the yellow metal in women's 10m air pistol on Wednesday. The 17-year-old, a junior World Championship silver medallist in Lima last year, scored 239.0 in the 24-shot eight-women final to upstage Anna Dulce of Moldova, a two-time Olympian and reigning European champion by 1.7 points. Chinese Taipei's Chen Yen-Ching won the bronze medal in the event taking place in Suhl. Earlier, two Indian shooters qualified for the final with Prachi securing a spot behind Kanak in fifth place as they shot scores of 571 and 572 respectively. Kanak then showed her experience at this level, bringing out the big 10s when it mattered most towards the closing stages of the final to win with ease. 'I was a little bit nervous in the beginning but I am happy that I was able to close out well," she said after the match. In fact, it was Prachi who remained in the top three from the start of the final and looked in contention for a medal. Prachi shot a poor 8.6 while Kanak took the lead with a soaring 10.5. As Prachi faded away, Kanak then shot three high 10s, a slim 10.1 and three high 9s (9.7, 9.8, 9.9) in her next nine shots to pull away from the field. She closed the contest with a 9.4, which will not please her coaches, but by then the gold was in her bag. On Tuesday, India's Adriyan Karmakar had won the silver medal in the 50m rifle prone event. (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) First Published: May 21, 2025, 22:16 IST
Express Tribune
08-03-2025
- Business
- Express Tribune
Gold prices rebound Rs3,000/tola
Listen to article After experiencing a decline in the previous session, gold prices in Pakistan rebounded in line with an upward trend in international markets. In the local market, the price of gold per tola rose by Rs3,000 on Friday, reaching Rs307,000. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold increased by Rs2,571, bringing it to Rs263,203. On Thursday, gold prices had dropped by Rs3,000 per tola, settling at Rs304,000 in Pakistan. Meanwhile, international gold prices also witnessed an upward movement on Friday. As per APGJSA, the global gold rate stood at $2,921 per ounce (including a $20 premium), reflecting a $28 increase for the day. Adnan Agar, Director at Interactive Commodities, commented on the gold market trends, stating that the market has been relatively stagnant for the past few days, fluctuating between $2,916 and $2,930 per ounce. He highlighted that the market has been stuck in this range for the last four days, and a breakout on either side would determine the next movement. Agar further explained that if gold closes above $2,930, an upward trend is expected, whereas if it drops below $2,890, a downward trend could be seen. However, given the current market conditions, a slight downward movement seems more likely, especially with the weekend approaching and renewed tariff impositions. Nonetheless, if gold manages to close above $2,930, any downside risks would be negated, and an upward trend would follow. Globally, gold prices edged up on Friday, poised for a weekly gain on safe-haven inflows and a US jobs report revealing lower-than-expected job growth in February, suggesting the Federal Reserve is on track to cut interest rates this year. Spot gold added 0.3% to $2,918.11 an ounce. Bullion has gained over 2% so far this week, as US President Donald Trump's ever-shifting tariff policies fanned uncertainty. Meanwhile, the Pakistani rupee saw a slight decline against the US dollar, depreciating by 0.05% in the inter-bank market on Friday. By the end of the trading session, the rupee settled at 279.97, marking a loss of 15 paisa against the US dollar. A day earlier, it had closed at 279.82. On the global front, the US dollar remained near a four-month low on Friday as fluctuating tariff policies fuelled uncertainty and raised concerns about economic growth in the United States. Investors awaited the key jobs data for further direction.
Express Tribune
06-03-2025
- Business
- Express Tribune
SBP reserves increase by $27m
Listen to article The State Bank of Pakistan's (SBP) foreign exchange reserves increased by $27 million, reaching $11.25 billion during the week ending February 28, 2025. According to the latest data, the total liquid foreign reserves held by the country stood at $15.87 billion as of February 28, 2025. Of this, the SBP holds $11.25 billion, while commercial banks hold $4.62 billion. Meanwhile, gold prices fell in Pakistan, mirroring a drop in international rates. In the local market, the price per tola declined by Rs3,000 on Thursday, settling at Rs304,000. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold dropped by Rs2,571 to Rs260,630. On Wednesday, gold prices had increased by Rs700 per tola, closing at Rs307,000. Internationally, gold prices also saw a decline on Thursday. As per APGJSA, the international rate for Pakistan stood at $2,893 per ounce (including a $20 premium), marking a $28 decrease for the day. Globally, gold prices dipped due to rising US Treasury yields and profit-taking, while market attention turned to payroll data for insights into the Federal Reserve's monetary policy. Spot gold fell 0.2% to $2,912.82 an ounce as of 1442 GMT after rising for the past three sessions. US gold futures also dropped 0.2% to $2,921.50. "We are just seeing some mild profit-taking pressure from recent gains. The underlying fundamentals are still bullish Another thing that's putting some mild pressure on the gold market is a rise in bond yields," said Jim Wyckoff, a senior market analyst at Kitco Metals. The benchmark 10-year US Treasury yields hit a one-week high, reducing the appeal of non-yielding gold. Amid geopolitical uncertainties, gold, a global safe-haven, has gained over 10% year-to-date and hit a record high of $2,956.15 on February 24. The US imposed a 25% tariff on imports from Mexico and Canada on Tuesday, along with further duties on Chinese goods. However, the White House confirmed on Wednesday that automakers from Canada and Mexico would be exempt from these tariffs for a month, subject to compliance with existing free trade rules. The Pakistani rupee saw a slight gain against the US dollar, appreciating 0.02% in the interbank market on Thursday. By the end of the trading session, the rupee stood at 279.82, marking an increase of 5 paisa from its previous close of 279.87 on Wednesday. Globally, the euro reached a four-month high against the US dollar. This surge was driven by a rise in European bond yields following Germany's proposal for a 500 billion ($539.85 billion) infrastructure fund and revisions to borrowing limits.
