Trends - Asian Gold Trade - Business Recorder

Asian Gold Trade

Asia Gold: Firm demand in top hubs ahead of Lunar New Year

Top Asian hubs saw firm demand for physical gold this week in the run up to the Lunar New Year holiday, while buyers...

Published 28 Jan, 2022 07:16pm

Markets

Asia Gold: India slips to discounts, China demand seen up post holiday

India at $2/oz discount versus $4/oz premium last week
China premiums ease to $8-$9/oz

Published 08 Oct, 2021 06:40pm

Markets

Gold falls as investors await US jobs data

Spot gold fell 0.2% to $1,810.56 per ounce by 0121 GMT, while US gold futures fell 0.5% to $1,813.80

Published 03 Aug, 2021 11:20am

Pakistan

Gold price increases by Rs200 to Rs109,550 per tola

ISLAMABAD: The price of 24 karat per tola gold increased by Rs200 and was sold at Rs109,550 on Wednesday against its...

Published 28 Jul, 2021 07:34pm

Markets

Asian markets mixed after inflation spooks traders ahead of Fed

Bank officials have consistently sought to assure markets that the expected surge in inflation will be temporary and monetary policy will be kept accommodative for as long as the economy needs it.

Published 16 Jun, 2021 10:17am

Markets

Spot gold may retest resistance at $1,911

Support is at $1,886, a break below which could cause a fall into $1,864-$1,877 range. On the daily chart, gold seems to be rising towards the peak of a wave B at $1,959.01, as it has broken a falling trendline and a key resistance at $1,874.

Published 27 May, 2021 11:58am

Markets

Spot gold may retreat into $1,830-$1,847 range

On the daily chart, the metal faces a similar resistance at $1,874, which may trigger a pullback towards the falling trendline.

Published 18 May, 2021 10:58am

Markets

Asia Gold-Demand plunges in pandemic-battered India

Indian jewellers have also stopped making purchases- dealer.
India discounts widen to $3/oz versus $2/oz last week.
China, Japan return from holidays, but demand muted.
Hong Kong premiums at $0.8-$1.8/oz, Singapore at $1.5-$2.0.

Published 07 May, 2021 05:29pm

Markets

Asia Gold-India swings to discount as pandemic stalls demand

Jewellery stores witnessing negligible footfalls- Mumbai dealer.
India offers discounts of $2/oz versus $2 premium last week.
Demand up 30% vs last week on price volatility -Singapore dealer.

Published 30 Apr, 2021 08:52pm

Markets

Asia Gold-Second coronavirus wave stifles demand in India

Buyers unwilling to step out due to COVID-19 - Indian wholesaler.
China premiums rise to $8-$10/oz versus $7-$9 last week.
Consumers reluctant due to higher prices - Singapore dealer.

Published 23 Apr, 2021 05:38pm

Markets

Asia Gold-Price dip lures some buyers, activity still muted in India

China premiums little changed at $7-$10/oz.
India premiums ease to $4 versus $5 last week.

Published 01 Apr, 2021 08:26pm

Markets

Asian markets track Wall St records on reopening hopes

Bitcoin pushed to a new record of $47,492.93 after getting a huge boost from news that Elon Musk's electric carmaker Tesla had invested $1.5 billion in the cryptocurrency and said it would soon accept it as payment.

Published 09 Feb, 2021 10:26am

Markets

Spot gold may fall to $1,818

The support is identified as the 23.6% projection level of a downward wave C from $1,874.86. This wave is capable of travelling to $1,783.

Published 28 Jan, 2021 10:04am

Markets

Spot gold may fall into $1,832-$1,845 range

It is still too early to conclude that the downtrend from $1,959.01 has resumed, even though it may eventually extend to $1,769.

Published 22 Jan, 2021 11:08am

Markets

US oil may rise into $50.66-$51.34 range

On the daily chart, the big white candlestick forming on Tuesday represents a very bullish sentiment. The rise could be accelerating.

Published 06 Jan, 2021 02:31pm

Markets

Asia Gold-Demand slows in top hubs as holiday mood dulls activity

India switches to premium of $2.5/oz vs last week's $2 discount.
China discounts unchanged at $15-$20/oz.
Dealers concerned about new coronavirus variant.
Spot gold prices set for 1% gain this week.

Published 31 Dec, 2020 08:14pm

Markets

Tokyo stocks open higher ahead of holiday season

The Dow ended up 0.4 percent to 30,129.83 and the broad-based S&P 500 advanced 0.1 percent, while the tech-rich Nasdaq dropped 0.3 percent.

Published 24 Dec, 2020 09:08am

Markets

Tokyo stocks open lower on virus worries

SoftBank Group was down 1.13 percent at 8,393 yen following reports that it applied for an initial public offering of a special purpose acquisition company (SPAC) called SVF Investment to raise up to $525 million.

Published 22 Dec, 2020 08:58am

Markets

Gold falls in Asia

SINGAPORE: Gold prices edged lower in Asian trade on Thursday, following a steep sell-off in the previous session, ...

Updated 11 Dec, 2020 10:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Askari Life Assur. / Dec 26 Askari Life Assurance Company Limited(ALAC)	6.27 ▲ 0.67 (11.96%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Pak. P.V.C. / Dec 26 Pakistan PVC Limited(PPVC)	11.20 ▲ 1.02 (10.02%)
Aisha Steel(ConPS) / Dec 26 Aisha Steel(ConPS)(ASLPS)	14.18 ▲ 1.29 (10.01%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Adam Sugar / Dec 26 Adam Sugar Mills Limited(ADAMS)	63.91 ▲ 5.81 (10.00%)

Stock	Price
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.14 ▼ -2.53 (-9.86%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Quetta Textile / Dec 26 Quetta Textile Mills Limited(QUET)	19.02 ▼ -1.69 (-8.16%)
J.A.Textile / Dec 26 J.A. Textile Mills Limited(JATM)	31.51 ▼ -2.44 (-7.19%)
Intermarket Securities / Dec 26 Intermarket Securities Limited(IMS)	68.10 ▼ -4.93 (-6.75%)
United Brands / Dec 26 United Brands Limited(UBDL)	23.35 ▼ -1.68 (-6.71%)
Leather Up Ltd. / Dec 26 Leather Up Limited(LEUL)	24.70 ▼ -1.77 (-6.69%)
PICIC Ins.Ltd. / Dec 26 PICIC Insurance Limited(PIL)	1.88 ▼ -0.12 (-6.00%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.04
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	67,135,769 ▲ 0.62
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -0.62
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.11
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.13
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	30,213,969 ▲ 4.88
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.24
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.29
Sui North Gas / Dec 26 Sui Northern Gas Pipelines Limited(SNGP)	26,262,710 ▲ 1.86

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