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Harrods department store announced on Thursday it had joined with Swiss refiner Produits Artistiques Metaux Precieux to offer gold bars weighing 12.5kg.

Harrods, established in 1834, is the first London shop to offer gold in-store. The bars are being kept in a miniature vault on the lower ground floor.

The price of gold has soared in recent weeks as the dollar weakens, reaching another record high of US$1,063.60 an ounce (28.3g) on Thursday.

India’s richest man took a 66 percent pay cut to “set a personal example of moderation” after India’s government called for austerity in salaries of executives

Mukesh Ambani, the head of Reliance Industries, said he would cap his pay at 150m rupees ($3.3m) this year. He received 440m rupees in 2008.

With a net worth of $19.5 billion, Mukesh Ambani has been ranked seventh in the global list, topped by Microsoft founder Bill Gates ($40 billion).

Castles in France. Islands in the Caribbean. With a collective $1.27 trillion at their disposal, the members of The Forbes 400 could buy almost anything.

How about a country? A quick glance at the CIA Fact Book suggests the individual fortunes of many billionaires are as big as some of the world’s economies.

Bill Gates, America’s richest man with a net worth of $50 billion, has a personal balance sheet larger than the gross domestic product of 140 countries, including Costa Rica, El Salvador, Bolivia and Uruguay.

The 2009 Christmas Book was released Tuesday by luxury retailer Neiman Marcus in Dallas.

The 83rd edition continues Neiman Marcus’ longstanding tradition of offering its customers the ultimate in awe-inspiring gifts.

But this year, perhaps a sign of the tough economic times, the million-dollar gifts are gone and 40 percent of the items are priced at under $250.

Restaurant manager Jason Hargett of the Ruby River Steakhouse in Provo, Utah had a life changing day on the golf course on Tuesday.

He was in attendance at the Mark Eaton Classic charity golf event benefiting the Utah Diabetes Center at Red Ledges in Heber City.

He made a last minute decision to participate and soon discovered they were holding a contest: Get a hole-in-one, win $1 million.