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 GLITTERS...SILVER SPARKLES....PLATINUM POLISHES (27/08/2012)
Precious metals seemed to be on fire this week. Gold reaching its life time high of Rs. 31,300 (999 purity per 10gm) in the physical market where as silver and platinum reached Rs. 57,000(per kg) and Rs. 29,600 (per 10gm) respectively.
Bright chances of another round of QE3 led to sharp rises in gold and silver prices where as labour unrest in Lonmin’s mine in South Africa resulted in the platinum volatility.

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WE NEED A GOOD MONSOON....SOON!!!! (22/08/2012)
Every year, the entire country - be it the big time investors or the small hard working farmers- all await for the most important months of the year- The June- September Monsoons.
Though India has been in the limelight for its technological, infrastructural and outsourcing developments, about two-thirds of the country's one billion people depend on farming for a livelihood and agriculture accounts for about one-quarter of the gross domestic product.

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GOLD SILVER GOING ZIG ZAG (14/08/2012)
Gold and silver prices continued to move upwards as both precious metals edged up on Thursday. These metals rose despite the decline of the Euro and perhaps due to the appreciation of other “risk currencies” including Aussie dollar and Canadian dollar. The recent U.S reports didn’t seem to have much of an effect on the financial markets: U.S jobless claims declined 6k to 361k; U.S trade balance deficit (goods and services) declined to $42.9 billion in June 2012. This news may have contributed to the appreciation of the USD
Gold edged up again on Thursday by 0.26% to $1,620.2; Silver rose by 0.08% to $28.10. During the month, gold edged up by 0.35%; silver, by 0.66% This entire week, commodity prices played around the following lines- Great Britain PPI input- UK Producers Price Index for Input Prices rose by 1.3 per cent in July in monthly terms up from a revised 2.9 per cent decrease in June, while the PPI Input Prices annually fell by 2.4 per cent in July up from a revised 3 per cent decrease in June, according to the Office of National Statistics. The monthly PPI input prices increased less than the expected 1.5 per cent increase and annually dropped more than the forecast at 1.50 per cent decrease. Furthering this, precious metals edged up.

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GOLD SILVER GOING ZIG ZAG (14/08/2012)
The month of August began with a downfall for precious metals. Bullions rates didn’t do much as both gold and silver prices scaled down. Other commodities like oil and US stock markets declined too.
Precious metals were seen hovering around the declaration of results of the FOMC meeting that concluded on Wednesday.

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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.