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.
Escalating Tensions.....Escalating Prices (27/07/2014)
In the past week gold and silver dropped drastically. Even the ongoing tensions in Russia and US could not provide support to gold.
This week too gold fell 0.4 per cent though it recovered on the last day of the week.
It is very difficult to list "a" particular reason for fall in gold prices. Rise and decline are both influenced by a variety of factors.
This week, gold fell 0.4 percent, the second straight decline, partly on gains in the U.S. and Chinese economies.

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Gold and Silver on A Swing (20/07/2014)
Last year investors sent bullion tumbling by the most in three decades which they kept dumping the metal recently. But gold has once again become a valuable commodity. Demand for gold is increasing and prices are defying bearish forecasts.
Gold has proved that the bearish sentiment in the market was indeed just a thought and gold's performance this year has proved it.
US economy is on the path of recovery and it is clearly visible from the recent government data that was released. Prices are speculated to retreat by the end of the year and inflation concerns along with pockets of unrest are sending investors into gold as a safe haven.

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Precious Metals...Indeed Precious!! (14/07/2014)
Ever since I have started my blog, you must have noticed that I first analyse the international markets and then the domestic markets.
But since this week was an important and crucial week for gold as it was the new governments first budget since election, I would like to glance through the domestic markets first.
The previous government had over the past two years raised the import tax on gold to 10% from 2% and mandated that 20% of imports had to be re-exported to stem a slide in the value of the rupee and narrow the current-account deficit.

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Geopolitical cover for GOLD! (06/07/2014)
Till 2012, gold was considered as the highest return generating asset in its class. From December 2008 - June 2011 bullion climbed 70 per cent as the Fed bought debt and held borrowing costs near zero percent to spur economic growth after the recession. Prices ended the 12-year bull run last year as inflation remained low and on concern that the U.S. central bank would slow the pace of monetary stimulus.

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It's been a dreadful week for gold. The yellow metal is down 3 per cent, the most in any week since late March.
A few months or rather days back, the yellow metal did gain support from the ongoing geo political tensions between Russia and the West over Ukraine.
As I have been repeatedly telling, that gold was being pulled by the bullish and bearish factors and it has been moving on a see saw as we get a positive growth report from US on one hand and escalating Ukraine crisis on the other.

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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.