Gold prices in both global and local markets remained stable on Friday, although per tola rates continued to hover at record highs. In the international bullion market, the price of gold per ounce held steady at $3,865 with no change. Similarly, in local bullion markets, the price of gold per tola stayed unchanged at Rs407,778. In line with the global movement, domestic prices followed suit, with gold per 10 grams remaining stable at Rs349,603. Meanwhile, spot gold inched up 0.03% to $3,857.25 per ounce after hitting a record high of $3,896.49 on Thursday. The bullion has gained 2.6% so far this week. Among other precious metals, spot silver climbed 0.6% to $47.24 per ounce, platinum rose 0.5% to $1,576.25, and palladium gained 1.4% to $1,258. 25.
KUALA LUMPUR: More than 100 outlets of fast-food company Kentucky Fried Chicken (KFC) in Malaysia have been “temporarily closed” amid a months-long economic boycott linked to the conflict in Gaza. Chinese-daily Nanyang Siau Pau reported that 108 outlets of the American chain had ceased operations. Kelantan state was the worst hit, with nearly 80 per cent of their stores, or up to 21 outlets, affected. The American fast food chain Kentucky Fried Chicken (KFC) has been forced to close over 100 of its Malaysian outlets amid a month’s long boycott campaign over US support for Israel 's war on Gaza . According to Chinese media, QSR Brands, which owns the fast-food franchise, KFC, had to temporarily shutter 108 of its 600 outlets across Malaysia, most of them in the Muslim-majority Kelantan state. In a statement, QSR Brands cited “challenging economic conditions” for the closures and that employees had been offered the opportunity t...