renowned mountaineer nirmal
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Renowned mountaineer Nirmal Purja amongst ten missing after avalanche on Pakistan’s Broad Peak

ByJustpaste.in

A ten-member international climbing expedition led by world-renowned Nepali-born mountaineer Nirmal “Nims” Purja has gone missing after a massive avalanche struck Broad Peak in Pakistan’s Karakoram range.

Communication with the group was completely cut off following the impact near the 8,047-metre summit. The missing team comprises five Nepalese guides, Pakistani mountaineer Sohail Sakhi, Omani climber Nadhira Al Harthy, American climber Mallory Geis, Chinese national Wang Zhong, and another foreign national.

Search and rescue operations were launched as weather conditions permitted, with the Pakistan Army dispatching helicopters to assist ground crews and rescue teams ascending from nearby mountains.

Initial tracking data from Purja’s device registered downhill movement following the slide, offering a faint glimmer of hope as emergency teams race against time in high-altitude conditions. The expedition was part of Purja’s attempt to become the first person in history to summit all fourteen of the world’s 8,000-metre peaks twice without supplemental oxygen.

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    Gold prices rise in Pakistan

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      KARACHI: Gold prices climbed in Pakistan on Monday, even though international gold rates experienced a slight decline. The increase in local prices was mainly attributed to continued uncertainty surrounding the Middle East conflict, concerns over rising inflation, and investor caution ahead of key US economic data expected later this week. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold increased by Rs1,700 per tola, taking it to Rs428,436. Similarly, the price of 10 grams of goldrose by Rs1,457, reaching Rs367,314. The latest increase came after a significant decline on Saturday, when gold prices had fallen by Rs3,700 per tola to settle at Rs426,736. In contrast, the international gold market remained under slight pressure. Spot gold slipped by 0.1% to $4,037.01 per ounce, while US gold futures for August delivery declined by 0.3% to $4,035.80 per ounce during trading. Despite the minor drop, analysts believe global investors remain cautious because of ongoing geopolitical tensions and expectations of fresh economic developments in the United States. Silver prices in Pakistan also moved higher. The price of silver gained Rs54 per tola, taking it to Rs6,291, reflecting continued demand for precious metals in the local market. Adnan Agar, Director at Interactive Commodities, said that international gold prices had eased slightly after fluctuating throughout the trading session. According to him, gold touched a high of $4,080 per ounce before falling to a low of$4,019, eventually stabilising near $4,038. He noted that gold remains under pressure and the market is closely monitoring upcoming US economic indicators, particularly employment data, which could influence the Federal Reserve’s future monetary policy decisions. Agar added that gold has remained within a broad trading range of approximately $3,950 to $4,250 per ounce since June. However, he expects this range to break within the next one or two weeks, potentially leading to a stronger upward or downward price movement depending on market conditions. Market participants are now awaiting a series of important US labour market reports, as these will provide further insight into the Federal Reserve’s interest rate outlook. Higher interest rates generally reduce the appeal of non-yielding assets like gold, while expectations of rate cuts tend to support bullion prices. Another factor attracting attention in the global market is reports that South Korea’s central bank intends to purchase gold from domestic producers, a move that could provide additional support to demand in the coming months. Meanwhile, oil markets have also remained highly volatile. Brent crude futures surged by more than 20% last month, driven largely by geopolitical tensions in the Middle East, raising concerns that higher energy prices could fuel inflation worldwide. Edward Meir, an analyst at Marex, said gold has traded within a narrow range of $4,000 to $4,200 per ounce for over a month. He explained that the possibility of inflation picking up again, particularly after July’s economic data, is helping support gold prices despite the recent weakness. Separately, the Pakistani rupee posted another modest gain against the US dollar. The local currency appreciated by 0.01%, closing at Rs277.77 per dollar, compared with Rs277.80 at the end of the previous trading session, reflecting continued stability in the foreign exchange market.

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    Punjab imposes 60-day ban on swimming in water bod…

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    110 stranded Pakistani students return from Afghan…

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