2013 October

Gold eases despite Fed as investors take profits

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On October 31, 2013

Gold slipped on Thursday despite the U.S. Federal Reserve vowing to support the economy through stimulus measures, with investors taking profits from a recent run-up in prices. The metal had risen about 8 percent since hitting a three-month low on Oct. 15 in anticipation of the Fed’s move, leading to

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Rising gold prices in India force change in jewellery buying habit

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On October 31, 2013

The most recent survey conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has revealed that changing fashion trends and rising gold prices have forced a notable change in jewellery buying habits among Indian customers. To tap the changing trend, nearly 76% of jewellers are seen focusing

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Gold down 1.7% on global cues, profit-booking

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On October 30, 2013

Tracking a weak trend overseas and profit-booking by speculators, gold failed to sustain higher levels and prices fell by 1.73% to Rs 30,227 per 10 grams. At the Multi Commodity Exchange, gold for delivery in December fell by Rs 531, or 1.73%, to Rs 30,227 per 10 grams in business

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Bullion Market Report

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On October 30, 2013

Market Commentary METALS: December gold futures closed down $7.00 an ounce at $1,345.20. Prices closed nearer the session low on profittaking and position evening ahead of the FOMC statement Wednesday. The key outside markets were in a bearish posture for gold today as the U.S. dollar index was higher and crude

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Gold rush: The yellow metal continues to lure

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On October 29, 2013

After a volatile 2012-13, there appears a silver lining on the yellow metal — Gold has witnessed a smart recovery over the last six months. And there is no reason why you shouldn’t buy some this Diwali With Diwali round the corner, one of the most auspicious gold purchasing occasions

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Stringent gold import norms may be relaxed

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On October 29, 2013

The government and the Reserve Bank of India (RBI) are considering easing the 80:20 principle for import of gold. The rule requires importers of the commodity to supply at least 20 per cent of their imports to exporters. Traders have said this is inhibiting imports and have made a presentation

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U.S. mess keeps gold up

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On October 29, 2013

Early this morning the gold price touched a five-week high as traders bet the FOMC will refrain from tapering QE later this week. The two day meeting will commence tomorrow. The statement released post-meeting will be seen as crucial in terms of indicating when they will go ahead with tapering.

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"Is it the calmness before a gold thunderstorm" by Mr. Prithviraj Kothari , MD, RSBL

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On October 28, 2013

Gold has always been the most favorite metal in its class as it has given tremendous returns since the past 12 years. In fact it has history of 12 years of gains which is why it enjoys the status of a safe haven asset. But this year gold has fallen

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Pre-Diwali gold jewellery sales to rise 15-20% this year

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On October 28, 2013

Sales of gold jewellery are likely to rise 15-20 per cent in the coming week over the pre-Diwali week last year, owing to a rebound in consumer sentiment. After lacklustre demand in the last four-five months due to uncertainty in the gold supply policy hitting availability of the material, jewellery

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Dhanteras: Gold may cross 33,000 level on supply squeeze

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On October 28, 2013

Gold prices may cross the ` 33,000 level on ‘Dhanteras’, a day considered auspicious for buying the precious metal, on account of rising demand amid tight supplies, experts and bullion traders say. Despite the expected price rise, the festive demand for jewellery on ‘Dhanteras’ on November 1 is expected to

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