2015 February

PRE-BUDGET VIEWS AND SUGGESTIONS

The most discussed topic of this month is the "Budget" and how it will affect the commodities business. Lately, I have been asked about my views and expectations from this year budget. I would like to put forward the following points- Expectations are high for a massively reformist Union Budget

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Gold Perplexed

Gold this week was giving confused or rather mixed behavioral patterns as it was being pulled between the bullish and bearish forces. On Thursday, gold ended at $1,220.70 an ounce, up $1.10 or 0.1 percent, on a weak dollar and some disappointing economic data from the U.S. with retail sales

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Indian Trade Ministry Wants To Reduce Gold Tariffs

According to recent media reports, there is some pressure within the Indian government to reduce tariffs on gold imports. According to an article in the Wall Street Journal, India’s Trade Ministry has approached the Finance Ministry to sharply reduce the import tax on gold. The article said the Trade Ministry

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Trade Range For Gold Remains Tight

The sentiments are so strong for the gold market that people get overly excited both at the top and bottom of the market. At times gold seems to be behaving like a common man who is I fleeced by the minutest to the most extreme global scenarios. This week too

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Govt may consider import duty cut on gold in Budget

With decline in gold imports, the government may consider 2-4 per cent reduction in import duty on it in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery, sources said. The industry has already sought reduction in customs duty on gold to 2

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Bullion Market Report As On Feb 4,2015

April gold closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices is possible near-term. First resistance is at 1275. Second resistance is at

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Bullion Market Report As On Feb 2,2015

February gold closed sharply higher on Friday as it consolidates some of Thursday's decline. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices is possible near-term. First

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