2013 September

India's Aug gold jewellery exports up vs July, seen rising ahead

India's gold jewellery exports climbed in August from the previous month on improving U.S. demand even though exporters faced tight supplies of the metal on central bank steps to tackle the country's rising trade deficit. Exports could climb in the coming months as the Reserve Bank of India has tied

read more

Gold in tight range as stimulus uncertainty weighs

Gold was trading in a tight range early on Wednesday amid lingering uncertainty over the outlook for U.S. economic stimulus and lack lustre physical demand. FUNDAMENTALS Spot gold had risen 0.1 percent to $1,324.26 an ounce by 0018 GMT, extending slight gains from the day before after three days of

read more

Gold importers await uncleared stocks at customs

MUMBAI: Gold importers are hoping their old stocks lying at airports would get customs clearance by Tuesday, following a meeting with government officials last week, before they ship more for exporters ahead of the peak Christmas season.Gold shipments into India, the world's biggest buyer of the metal, came to a

read more

Bullion Market Report

Market Commentary October gold closed lower on Monday as the U.S. economy continues to improve. The Federal Reserve's surprise decision to hold stimulus for now will help prices only in the short term. However, gold could drop below $1,250 an ounce before the end of the year as economic data strengthens and

read more

Gold Ends Lower On Profit Taking, Fed Concerns

Gold futures ended lower for a second straight session Monday, after investors resorted to profit taking while mulling the prospect of a cut to the Federal Reserve's $85 billion monthly bond-buying program in October. Last week, St. Louis Fed President James Bullard said the central bank may consider scaling down

read more

"Final Surprise or More to go!!" by Mr. Prithviraj Kothari, MD, RSBL

So finally.....the much awaited and the most discussed meeting was held this week. The FOMC meet began on 18th September and was over by the 19th. All expectations, rumours, speculations and predictions were finally put to a halt. Everything was going red for the yellow metal until Wednesday. On Wednesday gold jumped 4.1

read more

India’s gold exporters find Dubai, GCC lucrative markets

India’s gold exporters find Dubai, GCC lucrative markets Sun, Sep 22 2013 Over 35 finest and leading Indian gold jewellery manufacturers are participating in the first edition of the two-day Dazzling Dubai Buyer Seller Meet, being held in Dubai on Saturday and on Sunday. According to CEO, Dubai Events &

read more

After peaking in 2011, gold has lost some of its shine

After peaking at $1,900 an ounce in August 2011, gold prices tumbled to $1,181 an ounce in June as the economy improved, inflation stayed low and investors worried less about finding a safe haven for their money. Prices had rebounded to $1,307 an ounce by Wednesday, but that was still

read more

Gold slips further on selling pressure

Gold prices slumped further at the domestic bullion market on Saturday due to consistent selling by stockists as well as subdued investment offtake amid bearish overseas sentiment. Silver also plummeted on the back of heavy speculative unwinding coupled with lower industrial demand. Standard gold of 99.5 per cent purity dropped

read more

Gold drops in dull trade; silver slips

Gold prices eased in listless trade at the domestic bullion market today on reduced off-take from stockists and traders as well as lack of local buying interest at the existing levels. Silver also declined owing to speculative selling. Standard Gold of 99.5 per cent purity moved down Rs 20 to

read more