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Mr. Prithviraj Kothari, MD – RSBL – Current Fall in Bullion Prices

The prices of precious metals showed a downward trend on Thursday, though they were under the green range on Wednesday. On Thursday, the price of gold decreased by 1.15% to $1,660.6; Silver price also fell by 2.54% to $31.34. The main reason behind this was the release of China’s manufacturing PMI report. It stated

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What is Waiting for Bullion this Year?

Bullion Bulletin Research For bullion investors in West, 2012 appeared to be a bad year. The return on bullion on full year basis is lesser than 4%. This is the worst performance since the beginning of bull market. For India, though, the return is robust. Both gold and silver have

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‘Fiscal cliff’ could determine near-term gold outlook

Subdued performance in 2012 2012 was a year of sideways price action for gold as the metal consolidated inside a $300 band between $1,527 (Rs. 27,170) and $1,796 (Rs. 32,464). The yellow metal was unable to maintain its bullish momentum for the first time in four years, as subdued jewellery

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General Description of Good Delivery Bars LBMA (London Bullion Market Association)

Weighing: Bars should be weighed in accordance with the procedure laid down by the LBMA (see Annex G "Weighing, Packing and Delivery Procedures for Gold and Silver Bars") Shape: Bars must be cast in open moulds and be ingot-shaped (i.e. with the top surface larger than the bottom surface). A bar should

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General Description of Good Delivery Bars LBMA

Weighing: Bars should be weighed in accordance with the procedure laid down by the LBMA (see Annex G "Weighing, Packing and Delivery Procedures for Gold and Silver Bars") Shape: Bars must be cast in open moulds and be ingot-shaped (i.e. with the top surface larger than the bottom surface). A bar should

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Hallmarking of Precious Metals – A Right Approach

The Union Cabinet of India, last month, has approved a proposal by the Consumer Affair Ministry of India to make mandatory hallmarking for precious metal articles. Currently, the Bureau of Indian Standards (BIS), provides certification for hallmarking of gold jewellery, but this is only voluntary. The new proposal aims at

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Should you buy gold savings funds or restict yourself to gold ETFs?

Gold ETFs are a good investment option but you need to have a demat account and a trading account to buy them. If you want to avoid these hassles, you can invest in gold savings funds. These are fund of funds (FoF) that invest in gold ETFs. However, this adds another layer

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Currency wars will boost gold

Gold and silver got whacked again on Friday, prompted this time by news that economic growth in China came in at a disappointing 8.1%. This was down from 8.9% in the previous quarter, and the slowest rate for three years. Chinese consumer prices were up 3.6% in March – below the government’s

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Space: The final gold rush frontier

Last week the company Planetary Resources held a press conference to discuss whether the production of precious metals on Near Earth Asteroids might soon become a reality. Analysts, commodity producers and metals traders agree that Earth's precious metal reserves are steadily decreasing. In South Africa, gold is often extracted at

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2012 Outlook for Gold – Positive Fundamentals Remain and Crucial Diversification

• Introduction – Gold in 2011 • Money Creating Central Banks May Push Gold to New Nominal Record in 2012 • Central Banks Will Continue To Be Net Buyers of Gold • China Foreign Exchange Diversification Should Support Demand • PIIGS Lesson: Iceland Shows How Gold Protects From FX Crises

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