2014 June

Commerce Ministry for easing of gold import norms

The Commerce Ministry on Wednesday pitched for easing of gold import norms to increase the availability of the metal in the domestic market and boost exports. Commerce Secretary Rajeev Kher said the ministry has spoken to the Finance Ministry on the matter and it is "under their consideration". "There is

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Bullion Market Report As On June 10,2014

August gold closed slightly higher on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average

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GLOBAL MANTRA- JUST WAIT AND WATCH!

nce again, gold was surrounded by a cloud of doubt.....doubt of gold being a safe haven asset...doubt of gold being the most dependable asset in times of uncertainty. While Thursday showed signs of gold on the path of recovery, the US jobs data released on Friday once again proved fatal

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Bullion Market Report

June gold closed higher due to short covering on Thursday. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near.

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A Dreadful Week for Gold

It's been a dreadful week for gold. The yellow metal is down 3 per cent, the most in any week since late March. A few months or rather days back, the yellow metal did gain support from the ongoing geo political tensions between Russia and the West over Ukraine. As

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