2013 March

Factors Influencing Global Gold Mine Supply

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On March 31, 2013

Global gold mine production rose very sharply between the early 1980s and 1990s. Through the middle of the 1990s mine production growth stagnated and was actually flat in 1995. There was then some recovery in the period 1996-1998, but output contracted in 2001 and 2002 as the effect of several

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Mr. Prithviraj Kothari, MD – RSBL- Outlook for Bullion Market

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On March 30, 2013

Precious metals and to be precise - Gold, has been trading in a tight range since the last couple of weeks, underpinned by a series of US economic releases and renewed optimism over global growth that has reduced investor appetite for the yellow metal. The outbreak of positive reports has

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Mr. Prithviraj Kothari, MD – RSBL – Platinum & Palladium creating a Buzz

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On March 30, 2013

Precious metals and to be precise - Gold, has been trading in a tight range since the last couple of weeks, underpinned by a series of US economic releases and renewed optimism over global growth that has reduced investor appetite for the yellow metal. The outbreak of positive reports has

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Tapping into the High Gold Price

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On March 27, 2013

The gap between bullion and small-cap gold miners is wider than ever. But with gold far from its peak, those on the cusp of production will catch up as leading sector analyst, Dr Michael Green, explains. Gold has consistently increased in price during the last decade rising 600 per cent

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POST BUDGET REACTIONS

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On March 21, 2013

Let me first list down the important highlights of the budget with regards to the Bullion, Gems and jewellery Industry: 1.      FM has announced to levy Commodity transaction tax (CTT) of 0.01% on all non-agro commodity trades such as Gold, Silver, non-ferrous metals and crude oil. 2.  

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Mr. Prithviraj Kothari, MD – RSBL – Current Fall in Bullion Prices

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On March 21, 2013

The prices of precious metals showed a downward trend on Thursday, though they were under the green range on Wednesday. On Thursday, the price of gold decreased by 1.15% to $1,660.6; Silver price also fell by 2.54% to $31.34. The main reason behind this was the release of China’s manufacturing PMI report. It stated

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What is Waiting for Bullion this Year?

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On March 18, 2013

Bullion Bulletin Research For bullion investors in West, 2012 appeared to be a bad year. The return on bullion on full year basis is lesser than 4%. This is the worst performance since the beginning of bull market. For India, though, the return is robust. Both gold and silver have

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‘Fiscal cliff’ could determine near-term gold outlook

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On March 15, 2013

Subdued performance in 2012 2012 was a year of sideways price action for gold as the metal consolidated inside a $300 band between $1,527 (Rs. 27,170) and $1,796 (Rs. 32,464). The yellow metal was unable to maintain its bullish momentum for the first time in four years, as subdued jewellery

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General Description of Good Delivery Bars LBMA (London Bullion Market Association)

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On March 14, 2013

Weighing: Bars should be weighed in accordance with the procedure laid down by the LBMA (see Annex G "Weighing, Packing and Delivery Procedures for Gold and Silver Bars") Shape: Bars must be cast in open moulds and be ingot-shaped (i.e. with the top surface larger than the bottom surface). A bar should

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General Description of Good Delivery Bars LBMA

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On March 5, 2013

Weighing: Bars should be weighed in accordance with the procedure laid down by the LBMA (see Annex G "Weighing, Packing and Delivery Procedures for Gold and Silver Bars") Shape: Bars must be cast in open moulds and be ingot-shaped (i.e. with the top surface larger than the bottom surface). A bar should

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