2013 April

Gold-importing banks struggle to keep pace with demand

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On April 26, 2013

The primary dealers of bullion in India struggled to keep pace with robust demand quoting higher premiums, even as prices recovered partially from their lowest level in more than 18 months. India, the biggest buyer of gold, has been trying to limit imports to keep a lid on record current

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Shortages of physical gold now a global phenomenon

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On April 26, 2013

Those who precipitated the recent fall in the gold price may have unleashed a beast that will put future efforts at market manipulation way out of their control.  Physical metal is now seemingly becoming key in investors’ minds. They are no longer putting any faith in paper gold and this is

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Daily Bullion Market Alert

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On April 25, 2013

June gold closed higher on Wednesday as it extends the rally off last week's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are bullish hinting that a short-term low might be in or is near.

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Cash gold rises 1.2 per cent, tracks US futures

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On April 25, 2013

Spot gold jumped to a session high of $1,429.60 an ounce on Wednesday, tracking track gains in US futures, while a drop in the previous session triggered physical buying. But gains may be capped by a firm US dollar, strong equities and daily falls in holdings by exchange-traded funds, which

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Gold slips further, silver eases

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On April 25, 2013

Gold prices fell further at the bullion market today in listless trade amid weak demand from investors and traders despite a recovery at global level. Silver maintained its falling trend on consistent speculative profit—taking and dropped below the Rs.45,000 per kg mark. Standard gold of 99.5 per cent purity eased by

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Gold Ends Higher On Data, Weak Dollar

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On April 25, 2013

Gold futures settled at a near two-week high Wednesday, after the dollar weakened against a basket of major currencies after a some weak macroeconomic data out of the U.S., suggesting a slowdown in the world's largest economy. Gold found support from bargain hunters with physical demand for the precious metal,

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Kicking the Can down the Road

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On April 24, 2013

Mr. Chirag Mehta - MD, Quantum Asset Management The U.S. debt ceiling debate has dominated the headlines over the past month. It brought with it a number of disagreements and issues regarding the debt, since August 2nd 2011 is considered the deadline for raising the debt ceiling and creating a

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Platinum: is it losing its premium to gold?

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On April 24, 2013

Platinum is the principal metal of the six metal groups (palladium, rhodium, ruthenium, osmium, and iridium) that bears its name which all possess unique chemical and physical qualities that make them vital industrial metals. While comparing the other precious metals, mostly with Gold, platinum always remained at a premium over

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Gold's Showing Signs of Strength and Higher Prices

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On April 24, 2013

This has been an interesting year for gold. There has been wild price swings due to extreme political and economic events round the globe making gold a little more difficult to trade than normal. That being said if we look at the charts it appears we could be at the

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Indian buyers snap up gold; April imports seen rising

Posted by admin
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On April 24, 2013

(Reuters) - Premiums for gold bars soared to multi-year highs in Asia on Tuesday after a spate of physical buying led to supply constraints, with dealers in top consumer India expecting a surge in imports this month.Purchases of gold bars, coins, nuggets and other products picked up pace after a

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