Gold and Silver Reports

Budget 2013: Commodity punters will be forced to switch from gold to farm bets

Investors and punters in commodities will be forced to exit the futures market in droves or shift part of their funds to agri commodity futures since the government has introduced a widely-expected commodity transaction tax (CTT) on non-farm futures, which will increase trading costs substantially. Once the Finance Bill 2013

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Daily Bullion Market Alert

Another range down washout in gold into and through patently supportive claims figures had to be discouraging to the bull camp, especially as that news was accompanied by somewhat disappointing US GDP results. With KC data just ahead of midsession showing weak data and gold remaining under pressure it seemed

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Gold to test supports, rise

Comex gold futures ended lower on Thursday, on profit-booking as brighter economic data and stronger equities bolstered investor risk appetite. Ideally, recent developments in the Korean peninsula should be supportive for gold as a haven. The coming weeks will determine, market’s inclination to move to safety of gold or dollar

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As buyers stocked up, Dec quarter gold imports gained

The Government’s attempts to make Indian consumers cut back on their gold purchases through exhortations and threats of higher customs duty, haven’t really worked. At least this is what data on Indian gold demand from the World Gold Council show. In the December 2012 quarter, the one for which the

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Jewellers woo consumers, banks

Fearing more hard-hitting measures by the government to control the demand for gold and related products to check the burgeoning current account deficit (CAD), jewellers have started wooing policy makers and consumers. Between March 2012 and this February, the government had raised the import duty six-fold on gold. Apart from

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Gold imports in first 3 quarters equal estimates for full FY13

Gold imports in the first three quarters of 2012-13 have already reached the estimates of full-year imports made by the Prime Minister's Economic Advisory Council (PMEAC) headed by C Rangarajan, data have revealed.The PMEAC had projected gold imports for 2012-13 to be worth $36 billion. According to the Reserve Bank

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Gold firm, silver eases

Gold prices ended steady at the bullion market today in the absence of demand from stockists as well as local buying interest. Meanwhile, silver dropped further on consistent speculative selling following weak industrial demand. “Business is dull in yellow metal due to Easter holidays and expected to pick up soon

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