Gold prices jumped on Friday to their highest since late February, as a sharp slowdown in US jobs growth sent the dollar lower on growing expectations that the Federal Reserve would cut interest rates this year.
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.
In recognition of his honesty, Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the RTA honoured Maqbool.
Physical gold demand picked up slightly in most Asian hubs this week as a drop in prices spurred some interest, but failed to stoke significant demand as buyers awaited steeper dips.
Burglars have stolen a fully-functional 18-carat gold toilet from Britain's Blenheim Palace, where it had been installed as an art exhibit, police said on Saturday.
Demand for physical bullion was subdued in major Asian hubs this week as high prices dampened consumer interest, although some hefty discounts on offer in India led to a slight uptick in buying ahead of a major festival season.
Gold prices have hit a record high amid a rush for safe haven assets owing to the fears of a recession. Goehring & Rozencwajg, a research firm which focuses on investments in natural resources, says the great gold bull market has begun.
Spot gold was up 0.2% at $1,734.00 per ounce by 03:10 GMT while US gold futures were up 0.1% to $1,731.90.
Spot gold rose 0.4% to $1,750.82 per ounce by 05:42 GMT while US gold futures jumped 1.3% to $1,749.80.