2014 December

Why gold and silver will continue to be the perfect hedge in 2015

Posted by admin
  |  
On December 24, 2014

Gold’s up 12 per cent against the yen this year, 9.5 per cent against the euro and for Russian holders up 80 per cent. It’s been the perfect hedge in a very imperfect world of currency wars and money printing. Investors stocking up on bullion at current depressed prices know

read more

RBI may lift embargo on banks lending against gold

Posted by admin
  |  
On December 24, 2014

The Reserve Bank of India may soon permit banks to resume lending against gold to jewellers. The RBI is also looking at lifting the ban on import of gold coins and medallions. On November 28, the RBI had scrapped the 80:20 scheme for gold imports. The scheme, which required importers

read more

India's gold bar imports surge 49% in November

Posted by admin
  |  
On December 23, 2014

The Gems and Jewellery Export Promotion Council (GJEPC) has released the details of imports of raw materials for gems and jewellery for the month of November this year. According to data, the gold bar imports by the country during October this year witnessed a sharp jump of nearly 49% over

read more

Gold jewelry exports from India more than double this year

Posted by admin
  |  
On December 23, 2014

The gold jewellery exports from India recorded significant surge of 114.67% year-on-year to $3,764.48 Million (`. 22,786.77 crore) during the period from April to November this year. Also, the exports of silver jewelry picked up significantly by 28.79% year-on-year to $1,310.54 Million (`. 7,951.80 crores) during the eight-month period, in

read more

"Fed's "Considerable Time" Creates "Considerable" Impact On Gold"

Posted by admin
  |  
On December 22, 2014

Once the Federal Reserve statement was out on December 17, gold fell considerably to a two week low. The Fed removed the phrase ‘considerable time’ from the guidance statement and replaced it with patience, but then said patience is consistent with considerable time. So it was rather a confusing but

read more

The Price of Gold Chennai, India

Posted by admin
  |  
On December 18, 2014

The price of gold today (October 31st) in Chennai, India was at 2675 Rupees per gram, a slide from the 30-day high of 2784 Rupees on the 21st of the month. The price of silver hit 38.8 Rupees per gram today, dipping down from 41.6 on the 16th. These types

read more

Import tariff value on gold, silver hiked

Posted by admin
  |  
On December 17, 2014

The government today raised import tariff value on gold to $396 per 10 grams and on silver to $561 per kg in line with volatile global price trends. The tariff value on imported gold was at $388 per 10 grams and silver at $540 per kg in the first fortnight

read more

November gold import highest since May 2013

Posted by admin
  |  
On December 16, 2014

India's gold import stood at around 146 tons in November, the highest since May 2013, in anticipation of further supply restrictions. Trade data presented by the government reported the gold import bill at $5.61 billion equivalent to 146 tons in quantity terms in November 2014. Gold import bill recorded a

read more

Is it a downside or an upside potential for gold

Posted by admin
  |  
On December 15, 2014

Overall, it was a decent week for gold. It was a swing for gold that swayed between the bullish and bearish trends. Since Nov. 7, the metal has climbed 9 percent from a four-year low. Gold edged lower on Friday as some buyers cashed in recent gains, but the metal

read more

Mumbai Gold Prices

Posted by admin
  |  
On December 11, 2014

When you're thinking about investing in gold, it can be a great help to learn the latest gold prices in Mumbai. If you're looking for that information, then the website Bullion India can serve as an invaluable resource for you. If you want to learn Mumbai's latest gold prices, simply

read more