Bullion Market Report As on 31st April 2014
Market Commentary METALS: August gold futures closed down $3.10 an ounce at $1,295.20 today. Prices closed nearer the session low today. Gold bears have the slight near-term technical advantage. A three-week-old downtrend line is in place on the daily bar chart. December silver futures closed up $0.021 at $20.665 today.
read more"Escalating Tensions…..Escalating Prices"
In the past week gold and silver dropped drastically. Even the ongoing tensions in Russia and US could not provide support to gold. This week too gold fell 0.4 per cent though it recovered on the last day of the week. It is very difficult to list "a" particular reason
read moreTajikistan's gold and foreign exchange reserves increase by 3% in H1 2014
Tajikistan's gold and foreign exchange reserves increased by 3% in the first half of the year, and amounted to $1.15 billion, according to the National Bank's Chairman, Abdudzhabor Shirinov. “We intend to increase the amount of gold and foreign reserves at least by 15% by the end of the year,”
read more"Gold and Silver on A Swing"
Last year investors sent bullion tumbling by the most in three decades which they kept dumping the metal recently. But gold has once again become a valuable commodity. Demand for gold is increasing and prices are defying bearish forecasts. Gold has proved that the bearish sentiment in the market was
read moreLondon gold market closer to reforms
London’s gold market moved a step closer to reform of a century-old method of setting the price of gold, authorities said yesterday. London Gold Market Fixing Limited — comprising four banks that set the gold fix twice per day — announced in a statement that it has begun searching for
read moreJewellery stocks down on fear of liquidity crunch
Jewellery stocks fell upto 6.5 per cent on Monday on profit booking amid fear of liquidity crunch into the sector due to withdrawal of gold deposit schemes. While the share price of Shree Ganesh Jewellery House fell by 6.53 per cent to close at Rs 32.90 apiece, that of Rajesh
read more"Precious Metals…Indeed Precious!"
Ever since I have started my blog, you must have noticed that I first analyse the international markets and then the domestic markets. But since this week was an important and crucial week for gold as it was the new governments first budget since election, I would like to glance
read moreIndia surprises by keeping gold import duty at 10 percent
India surprised bullion markets by keeping the import duty on gold and silver unchanged at 10 percent in its fiscal budget, a move likely to limit overseas purchases by the second-biggest bullion consumer and further encourage smuggling.Indian gold futures jumped 2 percent on Thursday, widening the premium over global prices
read moreJune gold imports at 12-month high
Gold imports surged in June to a 12-month high, at an estimate of 52 tons. This follows the Reserve Bank of India’s relaxation in May of import norms, when premium and star trading houses were allowed to import under the ‘80:20’ rule. Meanwhile, it also appears traders have been destocking
read moreGold up on softer dollar; India budget eyed for import duty cut
Gold edged higher for a second straight session on Thursday, helped by a weaker dollar and as minutes of the Federal Reserve's recent policy meet gave no indication of an early hike in U.S. interest rates. Markets were also eyeing developments in the second-biggest consumer India, where the new government
read moreCategories
Recent Posts
Archives
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- November 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013