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.
'Bundle Of Surprises For Gold (27/07/2013)
Currently the entire market is in a confused state of mind as far as gold is concerned.The market has split in two parts. Some say gold will rise while the others take an opposite stand.
This week we came across some interesting figures in gold
On Friday, gold was trading at $1340 - almost $160 higher than the three year low of 1179$ that it hit on June 28

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GOLD HAS FOUND A SUPPORT! (20/07/2013)
I am sure every single reader who follows Bullion market will agree when I say; this week belonged to Ben Bernanke’s statements. Bullion has slipped more than 22% this year on the Fed's hints that its monthly bond-buying program may end altogether by mid-2014.
Fed Chairman Ben Bernanke eased some market nerves by telling the U.S. Congress this week that the central bank's plans to scale back asset purchases later this year were not set in stone and depended on the strength of the economy.

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HOLD ON TO YOUR GOLD! (13/07/2013)
Gold in the spot market was up 4.8% for the week, thus stating its biggest weekly gain since October 2011. Gold rose by 2.62% to $1280.1 on Thursday and silver also increased by 4.13% to $19.95.
The markets were moved by the U.S Fed's speech on 10th July, Bernanke spoke after the markets closed on Wednesday. He said that the US economy desires a highly accommodative monetary policy for the likely future

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DOLLAR DRAGS DOWN GOLD - (06/07/2013)
Markets were less volatile towards the end of the week due to the closure of international markets on 4th July, as US celebrated it’s Independence day.
Gold dropped by around 0.6 per cent on Thursday but still remained strong over the week until Friday. The trend changed when, on Friday, the labour Department reported a stronger than expected forecast . It stated 195000 rise in June non-farm payrolls, along with upward revisions for May and April.

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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.