tag

Gold prices continued to trade near record highs on Wednesday, as renewed US-China trade tensions prompted investors to seek refuge in the safe-haven metal, while expectations of a potential US interest rate cut further supported bullish sentiment. Spot gold was up 0.4% at $4,155.99 per ounce. US gold futures for December delivery gained 0.3% to $4,174.30. The precious metal, which yields no interest and is widely viewed as a store of value in times of economic and geopolitical uncertainty, reached a record high of $4,179.48 per ounce on Tuesday.

Gold prices surged to a new record high above $4,100 on Tuesday, driven by growing expectations of US Federal Reserve interest rate cuts and renewed US-China trade tensions that spurred safe-haven demand. Silver also rallied to an all-time high. Spot gold rose 0.4% to $4,124.79 per ounce, after touching a record $4,131.52 earlier in the session. US gold futures for December delivery gained 0.3% to $4,143.10. The precious metal has climbed nearly 57% since the beginning of the year, breaking above the $4,100 mark for the first time on Monday. The rally has been underpinned by geopolitical and economic uncertainty, expectations of monetary easing, robust central bank purchases, and strong inflows into gold-backed exchange-traded funds. Spot silver advanced 0.3% to $52.49 per ounce, after earlier hitting $52.70. Among other precious metals, platinum rose 0.5% to $1,653.45 per ounce, while palladium added 1.6% to $1,498.25, its highest level since May 2023.

The price of gold in the Qatari market increased by 3.57% this week to stand at $4,026.83000 per ounce on Thursday. Qatar National Bank (QNB) data showed that the price of gold increased from $3,887.67940 recorded last Sunday. As for other precious metals, silver rose by 1.88% on a weekly basis to reach $48.93000 per ounce compared to $48.02250 at the start of the week. Platinum rose by 3.40% to $1,667.06150 per ounce compared to 1,612.10000 at the beginning of the week.

Gold surged past the $4,000 mark per ounce for the first time in history on Wednesday, as investors sought safe-haven assets amid intensifying economic and geopolitical uncertainties and growing expectations of further interest rate cuts by the US Federal Reserve. Spot gold rose 0.1% to $4,021.22 per ounce, while US gold futures for December delivery advanced 0.5% to $4,025 per ounce. Traditionally viewed as a store of value in times of instability, gold has been one of the strongest-performing assets in 2025, soaring 53% year-to-date after posting a 27% gain in 2024. In other precious metals markets, spot silver increased 0.5% to $48.03 per ounce, platinum rose 2.2% to $1,653.21, and palladium climbed 1.3% to $1,355.32.

Gold surged to a fresh record high on Tuesday as investors sought safe-haven assets amid a prolonged US government shutdown and growing expectations of a Federal Reserve rate cut later this month. Spot gold rose 0.4% to $3,974.09 per ounce, trading near its all-time high of $3,977.19 earlier in the session. US gold futures for December delivery gained 0.5% to $3,996.40. The precious metal has climbed 51% so far this year, supported by strong central bank purchases, robust inflows into gold-backed exchange-traded funds, a weaker dollar, and increased demand from retail investors seeking protection amid heightened geopolitical and trade tensions. In other precious metals, spot silver was little changed at $48.52 per ounce, platinum rose 0.1% to $1,626.55, and palladium advanced 0.9% to $1,330.91.

Malabar Gold & Diamonds (MGD), the fifth largest jewellery retailer globally with over 410 showrooms across 14 countries has strengthened their presence in Australia with the launch of their second showroom in the country at Melbourne.The new showroom was inaugurated by acclaimed Bollywood actor and MGD brand ambassador Anil Kapoor in the presence of Malabar Group vice-chairman Abdul Salam K P, MGD’s international operations managing director Shamlal Ahamed, senior director Mayankutty C, Malabar Group executive directors Nishad A K, K P Veerankutty, MGD’s manufacturing head Faisal A K, finance and administration director Ameer C M C, Malabar Group chief digital officer Shaji Kakkodi, other senior management team members from Malabar Gold & Diamonds, customers and well-wishers.“As the first Indian international jewellery retailer in Melbourne, our presence is sure to transform the city’s jewellery and retail landscape,” Malabar Group chairman M P Ahammad said.“Our first showroom in Sydney, which was launched in 2023, was an immense success. With the Melbourne showroom being our 409th global outlet, we are one step closer to our goal of being the world’s no 1 jewellery retailer,” he added.Located at Westfield Fountain gate, the new showroom offers a selection of over 20,000 designs in gold, diamonds, and precious gem jewellery. Customers can explore more than 25 exclusive collections from MGDs’ vast design portfolio, alongside specialised services such as bespoke jewellery design and exclusive bridal creations.“The overwhelming reception of both our showrooms reaffirms the universal appeal of our design portfolio, service excellence and responsible operations, reinforcing our confidence in the long-term potential of this region”, commented Salam.“Australia is a cornerstone of our Asia-Pacific expansion, and the launch of our Melbourne showroom marks a significant step in strengthening our presence in the region,” said Shamlal Ahamed.“With upcoming launches planned in Brisbane, Perth, Adelaide, and another showroom in Melbourne, our rapid expansion reflects the deep trust and confidence our customers have placed in us,” he added.

Qatar Railways Company (Qatar Rail) has been recognized with the "Prestigious RoSPA Gold Award" by the Royal Society for the Prevention of Accidents (RoSPA), UK, for the year 2025. This global recognition was achieved thanks to the collaborative efforts and innovation of Qatar Rail, and its service provider, RKH's Occupational Health and Safety Teams, supported by robust health and safety management systems across all operations, said a press release from Qatar Rail. The RoSPA Adjudication Panel evaluated Qatar Rail's practices across a wide range of categories, including leadership, workforce involvement, planning and risk assessment, communication, monitoring, investigation, and performance review, among others. On this occasion, Senior QSHESE Director at Qatar Rail Eng. Abdulrahman Al Malik stated: "This achievement reflects Qatar Rail's leadership and its efforts in collaboration with RKH Qitarat to enhance the effective use of health and safety management systems, as well as its continuous commitment to adopting the best international practices. Additionally, it reflects our unwavering commitment to safeguarding the health and wellbeing of our employees, passengers, and partners. This accolade is also a testament to the culture of care, accountability, and continuous improvement that drives our operations and strengthens Qatar Rail's role as a leader in sustainable and safe mobility." Winning the RoSPA Gold Award places Qatar Rail among an elite group of international organizations that have demonstrated world-class leadership in health and safety. The award is particularly significant as it is recognized across industries globally, from transport and infrastructure to energy and healthcare, making it a hallmark of international excellence and trust. In 2017, Qatar Rail won three international awards from the Royal Society for the Prevention of Accidents (RoSPA) for the Lusail Tram and the Doha Metro Gold and Green Lines. The Lusail Tram won the Gold Award for Health and Safety for the second consecutive time, while the Doha Metro Gold and Green Lines won the Silver Award, and the main stations won the Guardian Angel Award. The Lusail Tram was awarded the RoSPA Gold medal in 2020 for winning RoSPA Gold for 5 consecutive years from 2016-2020. Each year, nearly 2,000 entries are received from over 50 countries, representing organizations that collectively employ more than seven million people. The RoSPA Awards recognize organizations that set the highest benchmarks in accident prevention, workplace safety, and employee wellbeing.

The price of gold in the Qatari market increased by 2.78 % this week to stand at $3,865.65000 per ounce on Thursday. Qatar National Bank (QNB) data showed that the price of gold increased from $3,760.83250 recorded last Sunday. As for other precious metals, silver rose by 2.53% on a weekly basis to reach $47.22800 per ounce compared to $46.05870 at the start of the week. Platinum fell by 0.44% to $1,567.84000 per ounce compared to 1,574.90530 at the beginning of the week.

Gold eased on Thursday from the record high hit the day before, pressured by profit-taking and a slight uptick in the dollar, although expectations of further US rate cuts and political uncertainty lent some support to prices. Spot gold was down 0.2% at $3,858.50 per ounce, after hitting an all-time high of $3,895.09 on Wednesday. US gold futures for December delivery fell 0.4% to $3,883.60. The dollar index was up 0.1% against its rivals, making gold more expensive for other currency holders. Elsewhere, spot silver slipped 0.5% to $47.07 per ounce, platinum fell 0.3% to $1,552.05, and palladium gained 1% to $1,256.93.

Gold prices surged to a record high on Wednesday, driven by investor demand for safe-haven assets after the official start of the US government shutdown and as soft labor data bolstered expectations of Federal Reserve rate cuts. Spot gold was up at $3,873.46 per ounce. Bullion logged about 12% rise in September, making it the metal's sharpest monthly rise since August 2011. US gold futures for December delivery gained 0.4% to $3,888.80. Elsewhere, spot silver was steady at $46.64 per ounce, platinum held its ground at $1,573.76 and palladium fell 0.4 % to $1,252.25.

Gold prices rose further to hit a fresh high on Tuesday and were poised for their best month in 14 years, as fears of a potential US government shutdown and growing expectations of further US interest rate cuts boosted demand for the safe-haven metal. Spot gold was up 1% at $3,869.75 per ounce. Bullion has risen 11.4% so far in September, on track for its best month since August 2011. US gold futures for December delivery gained 0.4% to $3,872. Spot silver was steady at $46.95 per ounce, platinum eased 0.2% to $1,597.58, and palladium fell 0.8% to $1,259.02.

The price of gold in the Qatari market increased by 1.36 percent this week to stand at USD 3736.71000 per ounce on Thursday. Qatar National Bank (QNB) data showed that the price of gold increased from USD 3686.22510 recorded last Sunday. As for other precious metals, silver rose by 2.03 percent on a weekly basis to reach USD 44.00570 per ounce compared to USD 43.13000 at the start of the week. Platinum increased by 5.17 percent to USD 1484.97000 per ounce compared to USD 1411.88850 at the beginning of the week.