2014 March

Bullion Market Report As On Mar 28, 2014

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On March 28, 2014

Market Commentary April gold closed lower on Thursday as it extends this month's decline. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are

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Gold, silver fall to 7-week lows with U.S. data in focus

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On March 28, 2014

Gold and silver prices fell to the lowest levels since early February on Thursday, as investors looked ahead to key U.S. data later in the session for further indications on the strength of the economy and the future course of monetary policy. Gold, silver fall to 7-week lows with U.S.

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Signs of recovery in India's gold jewellery sector

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On March 24, 2014

Exports of Indian gold jewellery are improving after falling more than 30% in January, according to data from the Gems and Jewellery Export Promotion Council (GJEPC). The value of gold jewellery exports in February rose by 1% compared with the same month in 2012. Since April last year, India's gold

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"Gold Goes on a Bumpy Ride" by Mr. Prithviraj Kothari, MD,RSBL

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On March 24, 2014

On Monday, gold reached a high of $1391.99, after the Crimean people had voted over the weekend in favour of joining Russian Federation. As the tensions have gold, gold prices have dropped sharply lower. After shifting focus from Ukraine issues, gold then concentrated on growth figures from China and then

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No change in 80:20 rule for gold import: Chakrabarty

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On March 21, 2014

RBI Deputy Governor K C Chakrabarty today defended the decision to allow more banks to import gold, saying presence of more players will lead to lower cost and help the country's external balances. "If there is competition, gold will be imported at a lower cost. Whatever gold will be imported

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Gold jewellery exports turn to uptrend in February

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On March 21, 2014

MUMBAI (Reuters) - Gold jewellery exports from India rose for the first time in the fiscal year last month, helped by better availablity of gold, and industry officials said this trend will gain pace in coming months with more banks importing.India's jewellery exports had been hit by limited gold supplies

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European central banks may end restrictions on gold sales

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On March 21, 2014

European central banks may end a 15-year-old restriction on sales of their gold holdings this year, a top German central banker said. "The negotiations are still ongoing," Deutsche Bundesbank board member Carl-Ludwig Thiele said in a recent interview with The Wall Street Journal. "No one can see into the future,

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Gold hits 3-week low on Fed, firm U.S. dollar

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On March 20, 2014

Gold hit its weakest in three weeks on Thursday as the U.S. dollar jumped on expectations the Federal Reserve could end its bond-buying programme this fall, hurting the metal’s safe haven appeal as a hedge against inflation. Janet Yellen, speaking at her first news conference as the Fed chief after

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India allows more banks to import gold in easing of curbs

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On March 20, 2014

India has allowed five domestic private sector banks to import gold, in what industry officials say could be a significant step towards easing of tough curbs on the metal imposed last year to cut the country's trade deficit. The move could boost gold supplies and bring down premiums for the

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"Lots of If's and But's for gold" by Mr. Prithviraj Kothari, MD,RSBL

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On March 18, 2014

Last year it was Syria...This year it’s Ukraine. Geopolitical tensions have always been a booster for gold and other precious metals and it has helped gold in enjoying its safe haven appeal as it always does in times of economic turmoil recession, inflation etc. This week gold remained on the

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