22 Apr '11, 1pm

South Korean infants hit by gold price surge

South Korean infants hit by gold price surge

SEOUL (Reuters Life!) - Surging gold prices have forced South Koreans to cut down on traditional rings given to mark the first birthday of the children of friends and relatives, making jewellers to come up with a lighter and cheaper alternative to boost sales. A gold ring is a traditional present to wish a baby good luck and fortune, but a rise in gold prices to a record $1,508 an ounce on Thursday has priced even the most devoted out. The rings are sized to the baby's finger and its name may be engraved inside. "On average, monthly sales of dol (first birthday) rings is only one-tenth compared to last year," said Yoo Dong-soo, chairman of the Korea Precious Metals Association . A new one-gram ring, much lighter than the customary baby gift weighing an eighth of an ounce or 3.75 grams, would help lift sales and preserve the long-standing tradition, he added. The first birt...

Full article: http://sg.news.yahoo.com/south-korean-infants-hit-gold-pr...

Tweets

BREAKING: Gold tops $1,500 It would be much hig...

channelnewsasia.com 20 Apr '11, 9am

LONDON - The price of gold topped US$1,500 for the first time on Wednesday as a weaker dollar plus fears over high inflati...

N.Koreans accuse South of kidnapping, beatings

N.Koreans accuse South of kidnapping, beatings

straitstimes.com 21 Apr '11, 12pm

Weeping and shaking their fists, ten North Koreans say they were beaten and pressured to defect after South Korea raided t...

South Koreans cash in gold teeth as price of gold soars

South Koreans cash in gold teeth as price of go...

straitstimes.com 26 Apr '11, 9am

At the same time, they are shunning traditional gold engagement rings (above) and baby gifts or making do with less expens...

B Division 3000m: Cheryl Chan of Cedar Girls’ makes last minute surge to clinch gold

B Division 3000m: Cheryl Chan of Cedar Girls’ m...

redsports.sg 19 Apr '11, 10pm

Cheryl had started the race trailing behind race leader Winona Howe of Seng Kang Secondary and Yang Tian Tian of the Singa...

Gold roars to all-time high for fifth straight

Gold roars to all-time high for fifth straight

sg.news.yahoo.com 21 Apr '11, 4am

SINGAPORE (Reuters) - Bullion powered to a lifetime high for a fifth consecutive session on Thursday on a sharply weaker d...

Sistic

sistic.com.sg 29 Apr '11, 12am

Libya hit by new blasts

channelnewsasia.com 24 Apr '11, 12am

TRIPOLI: Three new explosions rocked the Libyan capital late Saturday as NATO warplanes overflew Tripoli, AFP journalists ...

PRECIOUS-Gold roars to all-time high for fifth ...

sg.finance.yahoo.com 23 Apr '11, 4pm

On Thursday 21 April 2011, 14:32 SGT * Gold's bullish target at $1,518-technicals * Coming Up: US Unemployment claims week...

FOREX-Dollar index hits 3-yr low as euro, Aussi...

sg.news.yahoo.com 21 Apr '11, 7am

* Dollar slammed across the board * DXY break of chart support targets 2008 all-time low * Euro/dollar above $1.46, poised...

Korean pop icon Rain to make it rain indoors du...

channelnewsasia.com 21 Apr '11, 1pm

SINGAPORE: Apart from elaborate laser shows, concert promoter Faith and D Entertainment revealed in a press release that K...

S. Koreans cash in gold teeth as price soars

straitstimes.com 26 Apr '11, 8am

SEOUL - SOUTH KOREANS are cashing in their gold teeth and other dental work as the price of the precious metal soars inter...

South Korea says North Korea deceptive on dialogue

channelnewsasia.com 25 Apr '11, 5am

SEOUL: South Korea accused North Korea on Monday of "deceptive" appeals for dialogue and said Pyongyang was determined to ...

ST's election iPhone app a hit #SGelections

straitstimes.com 22 Apr '11, 2pm

THE Straits Times' General Election iPhone application - SG Election - is a hit with users. It was launched at 6am on Frid...