2013 April

Good monsoon profitable for gold traders; rural demand on rise

A normal monsoon forecast by the Indian Met Department (IMD) has brought a big smile to the Indian gold trade. Rural demand has already picked up as the Akshaya Tritiya is nearing and the news of a normal monsoon has further added fuel to it. Bullion dealers are expecting gold

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Gold ends steady in thin trade, silver gains

Gold prices ended flat after its three consecutive session surge at the bullion market here today amid thin demand from stockists and retail consumers.  Silver gained further on good speculative off-take as well as industrial demand. Standard gold of 99.5 per cent purity remained stable to close at last Saturday's level

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Import tariff value of gold hiked to $472/10 grams

The Government has raised the tariff value of gold to $472 per 10 grams on account of a volatile price trend in global markets. Tariff value is the base price on which the Customs duty is determined to prevent under—invoicing. It was only 10 days back that tariff value of

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Gold traders most bullish in April as buying surges

Gold traders are the most bullish in a month after mints around the world said demand for bullion coins is surging and central banks added to reserves even as prices slumped the most in three decades. Fifteen analysts surveyed by Bloomberg expect prices to rise next week, 11 were bearish

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All the big banks forecast a higher gold price this year

The spot gold price was holding onto its strong gains last week to hover around the $1,465 an ounce level in European trading on Monday. Gold suffered a $200-plus decline that began on Friday 13 April and accellerated into Monday when the metal dropped to multi-year lows of $1,326 an

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RBI to probe banks' practices in gold product sales

The Reserve Bank of India is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether their employees are mis-selling such products to customers. The RBI move follows complaints of customers being induced by bank employees and non-staff members within bank premises

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Why to Buy Gold in June?

Bullion Bulletin Research Gold, the most debated asset class in last decade, is at centre of discussion once again. This time, the debate is more on if gold would hit new high this year as well or it would correct more, say towards, $1100/oz by year’s end. Protagonists who think

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A Quick Note on China’s Economy and Gold Market

Jeffrey Nichols, Managing Director, American Precious Metals Advisors Having just returned from another visit to China, where I had the opportunity to talk with a number of “insiders” in the Chinese gold community, I am more convinced than ever that the country will continue to have a profound influence on

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Mr. Prithviraj Kothari, MD – RSBL – Gold tend to move sideways

As investors took profits in the precious metals market, gold witnessed a down fall on the last day of trading week. But if you look at the overall week, gold still posted its biggest weekly gain in 3 months. Bullion has recovered more than half of the loss of $225

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Gold spurts, silver regains 45-k mark

Gold prices spurted at the bullion market on Thursday on strong demand from stockists and traders coupled with marriage season off—take from consumers amid higher global cues. Silver also soared on low—level speculative buying and industrial demand, and regained the Rs.45,000 per kg mark. Standard gold of 99.5 per cent purity

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