The primary purpose of this blog (Prithviraj Kothari 's view on Bullion Markets - MD, RSBL (RiddiSiddhi Bullions Ltd.)) is to educate the masses of the current happenings in the Bullion world.
Gold tend to move sideways - (27/04/2013)
As investors took profits in the precious metals market, gold witnessed a down fall on the last day of trading week. But if you look at the overall week, gold still posted its biggest weekly gain in 3 months. Bullion has recovered more than half of the loss of $225 per ounce incurred between April 12 and 16.

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in

IS IT THE END OF THE "GOLDEN" ERA - (20/04/2013)
Now when the whole world was writing about precious metals, the history crash, the further predictions etc I thought it was time to sit back and take a look at the whole scenario.
It was too early to comment as all that was happening was panic. Now that markets have stabilised, I would like to take this up for discussion.
To start off, clearly a lot of psychological damage has been done, as well as the practical damage of margin calls on leveraged positions and collateralised gold, so we should not expect a recovery as quick as the decline

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in

RECORD BREAKING DROP FOR GOLD AND SILVER IN A SINGLE DAY - (13/04/2013)
Gold and Silver dropped drastically on Friday. Gold was down by 6 percent and silver 8 per cent. Gold was running at a 15 month low at $1484 and dropped by almost 80 dollars in a single trading day.
By Friday evening, gold dropped by Rs. 1050 per 10 gram and was trading at Rs. 28180 while silver dropped by Rs. 2350 and was trading at 49,350 per kg in the Indian markets.

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in

RSBL LAUNCHES E COINS TRADING SYSTEM FOR THE FIRST TIME IN ANDHRA PRADESH - (12/04/2013)
Following their grand success of the flagship product ‘RSBL SPOT’, India’s first fully electronic, over the counter (OTC), delivery based bullion trading system with over 2300+ clients across 17 cities in India, RiddiSiddhi Bullions Ltd.
(RSBL), India's largest bullion trading company, is glad to announce their ingression of smaller denominated Gold bars in South market via RSBL eCoins. The antiquity and demand of gold in south Indian region has always been impressive

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in

IS GOLD SET TO ENTER THE FIRST BEAR MARKET SINCE 2008 - (08/04/2013)
There is a strong debate in the bullion market as to whether gold will enter its first bear market since 2008 as we see the world economy is improving or will it rally ?
Some investors see gold plunging to 1400$ and some see it shooting to 1800$.

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in

This blog contains my opinion, which is not to be construed as investment advices. Information provided in these blogs is intended solely for informative purposes and is obtained from sources believed to be reliable.