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.
In a continued effort to support Palestinians in Gaza, the United Arab Emirates has launched its fifth aid ship under the ongoing humanitarian mission, Operation Chivalrous Knight 3. This vessel, loaded with 5,112 tonnes of essential humanitarian supplies, departed from Dubai’s Hamriyah Port and is en route to the Egyptian city of Al Arish. From there, aid will be coordinated for distribution to the people of Gaza. The UAE’s recent initiative reflects its longstanding commitment to providing relief in the face of adversity, even when logistical and political obstacles pose challenges. Operation Chivalrous Knight 3 was initiated with the aim of delivering critical resources to Palestinian civilians who have endured devastating conditions due to the conflict. The latest shipment includes food supplies, medical assistance, and other essentials vital for survival and well-being. The UAE’s sustained efforts represent more than material aid; they reflect a deep-rooted humanitarian ethos that...