2013 September

"Debt Ceiling or Death Ceiling for Gold?" by Mr. Prithviraj Kothari, MD, RSBL

Gold prices seemed to be in a wavy mood all this week. With prices gaining momentum on Tuesday and Wednesday and then falling back on Thursday and picking up on Friday again. Let's take a look at the weekly movement of gold prices. Monday-On Monday, gold and silver slightly declined. Their decline coincided with the downfall of other

read more

Gold supply policy for jewellery exporters liberalized

With the relaxation in gold supply norms, jewellery exports from India are set to rebound in the coming months. On Friday, the Directorate General of Foreign Trade (DGFT) agreed to all the suggestions of the Gems & Jewellery Export Promotion Council (GJEPC) for smooth supply of gold to exporters. In

read more

Cheer may be back for gold lovers as premium dips 82%

KOLKATA: Ahead of the festive season, there is some good news for Indian consumers. Premium on gold has declined in India by almost 82% to $7 per ounce from as high as $40 per ounce as imports have kicked off after a gap of two months.The customs authority in Kolkata

read more

Gold Ends Lower On Strong Dollar, Data

Gold futures ended lower Wednesday, as the dollar strengthened against a basket of some major currencies even as investors digested some macroeconomic data out of the U.S. with initial jobless benefit claims declining last week. The precious metal pared some of the losses after pending home sales in the U.S.

read more

India's gold bar imports plunged 68% year-on-year in August

The Gems and Jewelry Export Promotion Council (GJEPC) has released the latest data for imports of raw materials for gems and jewelry. According to the data, the gold bar imports by the country witnessed a huge fall of 67.61% in August over the year. The provisional figures released by GJEPC

read more

Jewellers rejoice at RBI relaxation

The Reserve Bank of India (RBI) has relaxed foreign currency lending norms for jewellery exporters. It has asked banks to re-allocate export credit in foreign currency, based on a bank's policy to cover currency fluctuations. This may either raise or lower the rupee equivalent of the foreign currency component of

read more

Why Indians love it when government makes gold expensive

KOLKATA: Government of India makes gold more expensive by hiking duties four times in 20 months, hoping this will deter citizens of India from holding more gold. But not only does gold remain attractive for Indians, expectations of a high price regime have increased its attractiveness.This is not a perverse

read more

India delegates top officials to mitigate hassles in gold import

A top-level meeting held under the Chairmanship of Commerce Secretary has decided to act swiftly on mitigating the hassles involved in gold imports to the country. Based on the detailed discussions held during the meeting, the Department of Commerce decided to appoint nodal officers to address all grievances and difficulties

read more

Bullion Market Report

Market Commentary October gold closed higher due to short covering on Wednesday as it consolidated some of the setback off last week's high. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling

read more

Tapping internal gold

Reports of domestic jewellers meeting part of their gold requirements through sale of stocks held by exchange-traded funds and buyback of old jewellery should be viewed positively for two reasons. One, it suggests that the jewellery trade is actively seeking out alternative sources for gold in the wake of import

read more