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Tag: gold

Though small, sale of digital gold on the rise

Though small, sale of digital gold on the rise

Finance
As price of gold is moving northwards, digital gold players such as SafeGold and MMTC PAMP are betting on a good festive season even as an increasing number of Indian consumers take to digital platforms to buy gold. “Digital gold is growing rapidly though it is still tiny compared to the physical gold transactions,” said Gaurav Mathur, managing director at SafeGold, a digital platform that allows customers to buy, sell and receive vaulted gold. The digital gold industry is probably less than two years old, but 6-7 million customers have already used digital platforms to buy gold, he said. “The overall turnover of digital gold in the past 12 months would be close to ?600 -700 crore. At SafeGold, we are expecting a significant increase in digital gold transactions in the cu...
NASA engineers use gold to redirect excess heat from James Webb Telescope

NASA engineers use gold to redirect excess heat from James Webb Telescope

Science
June 5 (UPI) -- Engineers at NASA have found a way to redirect excess heat from the James Webb Telescope's most sensitive instruments. The telescope's four instruments are contained within the integrated science instrument module, or ISIM, which sits behind the array's main mirror. These sensitive instruments could be damaged or disrupted by excess heat, so scientists had to find a way to redirect thermal energy away from the ISIM. As detailed in a mission update published Tuesday by NASA, engineers are currently installing gold baffles that will channel thermal radiation away from the instruments and out into space. Gold also helps the telescope's mirrors direct infrared light toward the ISIM. "Gold has a very high reflectivity in the infrared spectrum range, so it is ideal for directin...
Jim Ratcliffe: Turning cast-offs into gold

Jim Ratcliffe: Turning cast-offs into gold

Business
Jim Ratcliffe may once have been called Dr No by trade unions for his tough negotiating stance, but the UK's richest man champions the unloved.Through buying up and turning around the cast-off parts of big business, the Mancunian has made his £21bn fortune.From operations once owned by the likes of oil giant BP, Mr Ratcliffe has created a company whose chemicals and raw materials go into nearly everything we touch everyday. And it only took him 20 years to do it.Mr Ratcliffe, 65, has always been involved in chemicals and industry.After graduating with a degree in chemical engineering from the University of Birmingham in 1974, he spent a very brief spell at BP before jumping to rival oil business Esso as a trainee accountant. Son of a joiner becomes...
Winter Paralympics: Britons Menna Fitzpatrick & Jen Kehoe win slalom gold

Winter Paralympics: Britons Menna Fitzpatrick & Jen Kehoe win slalom gold

Sports
Winter Paralympics on the BBCVenue: Pyeongchang, South Korea Dates: 9-18 March Time in Pyeongchang: GMT +9Coverage: Follow on Radio 5 live and via the BBC Sport website. Television coverage on Channel 4.Britain's Menna Fitzpatrick and guide Jen Kehoe won gold in the women's visually-impaired slalom at the Winter Paralympics in Pyeongchang.The pair, who had already won two silvers and a bronze in South Korea, beat Slovakia's Henrieta Farkasova and Natalia Subrtova by 0.66 seconds.It is GB's first gold of these Games and only their second Winter Paralympic gold."We wanted to show what we are capable of," Fitzpatrick told BBC Sport."I am so proud of what we did out there."Millie Knight and Brett Wild won bronze for GB to add to their two silvers in the downhill and super-G.Kelly Gallagher, wh...
Cheltenham Festival: Native River romps to Gold Cup success

Cheltenham Festival: Native River romps to Gold Cup success

Sports
Native River won a thrilling Cheltenham Gold Cup after an epic duel with Might Bite.The 5-1 chance gave Dorset trainer Colin Tizzard his first victory in the race after some spectacular jumping under champion jockey Richard Johnson.Favourite Might Bite (4-1), seeking a historic Cheltenham Festival treble for trainer Nicky Henderson, was a gallant runner-up, beaten by four and a half lengths.Anibale Fly (33-1) finished third ahead of Road To Respect and Djakadam.Read more: 'Tizzard gives Cheltenham a gold top'Podcast: 'A Gold Cup that lived up to the hype'Read more: Jockey wins despite dislocated shoulderBut the race was all about the memorable battle between last year's third-placed horse Native River and King George VI Chase winner Might Bite.The pair led from the front, roared on by a se...