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.

 

 

 

FED'S END OF EASING PROGRAMS MAY MAKE THINGS DIFFICULT FOR GOLD - (28/01/2013)
Gold remained stable near its one month high- above $1690 an ounce till Wednesday morning. Gold eased on Wednesday, retreating from the previous session's one-month high, as signs of an improving global economy capped investor interest in safe-haven investments.
Silver jumped above $32.30 an ounce, again at a one month high, as stocks and commodities were broadly flat.

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1st FOMC MEET OF 2013 MAY CREATE WAVES IN THE BULLION MARKET - (22/01/2013)
Gold and silver were on an upward trend during most of the last week. The speech addressed by Mr., Bernanke did not create much impact in the market. Now most traders and investors are waiting for the next FOMC meeting at the end of January. All eyes will be glued on the Fed's decision to adjust its policy.
Gold ended at $1687 per ounce at the end of the week and silver increased by an average 3.83 per cent this reaching $31.56.

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GOVERNMENT HIKES DUTY on GOLD to 6% - (21/01/2013)
The government's move to hike the customs duty from 4 to 6 percent will have a loud impact on the Bullion sector. The hike sums up to around INR 60,000 (approx) per kilogram of gold. To be clear, with this duty hike a difference of 7 percent between the international and domestic price of the yellow metal is evident.

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MIXED SENTIMENTS FOR PRECIOUS METALS - (08/01/2013)
It was a “risk-on” trading day in many markets as the world market place breathed a sigh of relief that U.S. lawmakers came to a 12th-hour agreement on the fiscal cliff.
Gold and silver continued to rally on Wednesday .The recent news from the U.S is that the fiscal cliff was averted. This news received the final confirmation as Congress approved the plan to increase taxes on household making over $400k per year. Despite this news, President Obama will still need to augment the debt ceiling in February – it currently stands on $16.4 billion. This is another uncertainty that could contribute to the market volatility in the weeks to follow.

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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.