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 - Local yet Global(31/01/2012)
Gold fell on Wednesday morning, trading ahead of the outcome of a US Federal Reserve FOMC meeting and after talks on relieving Greek debt woes faltered.
Spot gold fell $10.48 to $1,655.92-1,656.20 per ounce. The metal touched a five-week high of $1,681.80 per ounce earlier this week before giving up gains. Various factors have been responsible for this movement in prices.
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Effect of increase in IMPORT DUTY (18/01/2012)
The 1% increase of import duty on bullions has not had an immediate effect on the market because this increase was off set by a 1.3% appreciation of the INR/USD.
In case there had been or will be a depreciation then we will surely see price and purchase trends changing. Till then we shall wait and watch.
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Bullions - Views and Reviews (16/01/2012)
old hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.
Gold bullion dealers reported strong demand from India on Wednesday, as the Rupee rallied 1.5% against the Dollar to hit a one month high. The weak Rupee saw record domestic gold prices in India last year, weighing on demand during what is traditionally a strong season for buying gold
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The "BULL" in the BULLIONS (12/01/2012)
I had mentioned in my earlier article that 2012 seems bearish for bullion. But it happened quite early, where we saw gold and silver plummeting in the year end.
However, it’s been a bullish start to 2012 for gold, as Gold Prices rally swiftly off the lows set late last year. And from here the market looks bullish.
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GOLD & SILVER - What's next? ( 6/01/2012)
Overall, given the falling confidence in the economic outlook and in governments’ ability to get to grips with the situation, I feel there is a high risk of deflation and in such circumstances investors are likely to turn to cash – this is likely to be bullish for the dollar.
However, because faith in governments has waned with their handling of the crisis, we expect investors will not want to rely solely on paper money and will look to spread their risk by holding Gold as well.
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BULLION OUTLOOK for 2012 (2/01/2012)
It’s been a wild ride for gold this year with the price surge through the first three quarters of the year and then the collapse in Q4. The sell-off has confounded many analysts and investors who thought gold would serve as the ultimate safe haven in times of uncertainty. In fact, the opposite has turned out to be the case with the US Dollar becoming the go-to asset in times of safety.
Gold and silver prices changed direction very sharply throughout 2011: despite the sharp gains of gold and silver prices up until September, precious metals prices changed direction during the last quarter of the year and plummeted in a very short period of time; from this drop precious metals didn’t recover throughout the remainder of the year. Silver price declined below its initial price level from the beginning of the year, while gold price ended the year only 12% above its price level from January 3rd 2011.
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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.