2013 July

Daily Bullion Market Report

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On July 31, 2013

Market Commentary October gold closed lower on Tuesday. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI have turned bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average

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Gold prices seen surging past 15-week high

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On July 31, 2013

Gold prices in India, the world's biggest buyer of the metal, could rise past their highest level in more than 15 weeks hit on Tuesday, helped by a weakness in the local currency, traders said. At 1141 GMT, the actively traded gold for August delivery on the Multi Commodity Exchange (MCX)

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India holds off on gold imports as new rules cause uncertainty

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On July 31, 2013

(Reuters) - India's imports of gold have halted since July 22, sending premiums for scarce stocks soaring, as traders in the world's biggest bullion buyer try to puzzle out new central bank rules that tie imports to export volumes.In its battle to rein in a record trade deficit, India has

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India's attack on gold: Premiums double

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On July 30, 2013

Indian jewelers may become a casualty of the Reserve Bank of India’s gold policy: Jewelers are now paying $10 an ounce over the London gold prices, up from $4 just last week. Premiums have doubled now that Indian gold importers are required to set aside 20% of the gold they

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Gold imports rise in July: Chidambaram

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On July 30, 2013

Gold imports in India, the world's biggest buyer of the metal, rose in July, Finance Minister P. Chidambaram said on Monday, from 31.5 tons shipped in June. The measure to curb imports had effect in June, but imports had risen in July, said the finance minister, without giving details for

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Gold hits six weeks high

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On July 30, 2013

Standard gold hit six-week high to surpass the psychological barrier of ` 28,000 per 10 grams in Mumbai’s Zaveri Bazaar to close at ` 28,025 per 10 grams on Monday. Depreciating rupee restricted the benefit of gold’s fall in the international markets to Indian consumers. During this period, gold fell by $35 to trade

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More gold curbs in the offing in India

Posted by admin
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On July 30, 2013

India's Finance Minister P Chidambaram said Monday the government would continue with its restrictions on gold imports, following the surge in inward shipments of the metal in July. Though imports were low in June, in July the tide appears to have turned again, Chidambaram told journalists, late on July 29.

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Mr. Prithviraj Kothari, MD, RSBL- 'Bundle Of Surprises For Gold'

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On July 29, 2013

Currently the entire market is in a confused state of mind as far as gold is concerned.The market has split in two parts. Some say gold will rise while the others take an opposite stand. This week we came across some interesting figures in gold On Friday, gold was trading

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To check diversion, govt makes 3% value addition must for gold exports from SEZs

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On July 29, 2013

NEW DELHI: The government has said any gold export from the special economic zones (SEZ) must be done only after a certain minimum value has been added, a measure that is expected to further dampen demand for the precious metal.All gold exports from SEZs will need to have at least

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India – Gold Control Results In Increased Smuggling

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On July 27, 2013

What happens if governments try to solve a problem by suppression? Very simple, they appear to solve one problem but create another one further down the road. Case in point: Indian’s gold demand. India has been the biggest gold market for many years. Now that could slightly change in 2013.

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