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.
Too Many Surprises For Gold In The Week To Come (24/01/2015)
Finally, there are other drivers apart from deflation and dollar that have been influencing gold prices this week. After a long time gold has found supporting drivers such as negative interest rate and market turmoil and uncertainty.
Finally gold managed to reach a high of $1300 on Thursday and then lost a little pace and settled at $1293 on Friday.
It’s just been the third week of 2015 and gold is already 9 per cent up and because of its strong momentum, gold prices do have room to move higher and a consolidation period is expected at some time soon.

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All Notions To See Gold at $800 Destroyed
A few weeks earlier, we saw a lot of noise in the market…but this time it seems that someone left the loudspeakers on!
Well, oil and SNB played the game here.Precious metals showed great volatility- all thanks to the fluctuating oil prices.
Crude oil was highly volatile after a report from Paris based energy agency IEA depicted a likely reduction in Non-OPEC output for 2015 by 350,000 BPD.
Moreover, gold and silver prices soared in Euro terms after the SNB moves and now many market players are beginning to wonder if a loss of confidence after the Swiss fiasco has started a run on gold?

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A Lot Of Things To Smile About For Precious Metals (11/01/2015)
Though we did see some trading in precious metals on Jan 1st and 2nd, it was the week from 5th-9th Jan that was actually considered the first volatile trading week of 2015.
The main news doing the rounds for the week was from US- minutes of the recent FOMC meeting and the non-farms payroll report.
Apart from the macro reports there were the following financial reports that were out in the week.
  • US non-manufacturing PMI, factory orders and trade balance monthly reports.
  • Europe, MPC rate
  • The EU flash CPI
  • Unemployment report,
  • GB’s manufacturing PMI

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An Impressive Start For Gold In 2015 (05/01/2015)
Every year, when we start afresh, each one has a hope- a hope that markets will do good. There was a similar feeling now as it was when 2014 began.
At the start of 2014 expectations were high that the gold market could shake off and recover from 2013’s drop, where prices ended the year in negative territory for the first time in 12 years.
However, despite strong optimism, gold once again closed the year in negative territory.
In the gold market, optimism was strong during the first half of the year. But later, the news hovering around the interest rate hike for gold pulled its prices down.
Fed’s interest rate hike played a significant role for gold in 2014. This helped drive the US dollar higher and pull down gold prices lower.

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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.