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.

 

 

 

PRECIOUS METALS REACTIONS POST FOMC MEET(25/06/2012)
The positive Greek Election results did give a boost to the equities market but there were mixed reactions from precious metals. Mainly because the entire market is waiting for the outcome from the Fed’s FOMC meeting.
The results of the Greek elections, in which the pro bailout party had won, didn’t seem to impress forex and commodities traders. All eyes in Europe continue to stare at Spain & Italy. In yesterday’s G20 meeting the leaders talked about the EU debt crisis and Spain’s soaring borrowing costs.

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PROMOTE GOLD EXPORTS RATHER THAN WORRY ABOUT IMPORTS (20/06/2012)
Gold is always considered as a safe haven. Surrounding the current macro factors like Indian currency depreciation, Euro zone's debt problems, China’s economic slowdown & weak economic indicators from USA, Indian Gold prices are touching new highs to offset the risks in the world economies.
Government of India has introduced various measures to curb the imports of Gold.

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GOLD- UPS AND DOWNS (19/06/2012)
Last fortnight saw great volatility in gold, with gold reaching its life time high at Rs. 30,400 per 10gm in the physical market, then dropping again by almost 1000 rupees per 10 gm and then nearing back to its life time high.
Indian gold prices in the bullion market reached of Rs. 30,285 per 10 grams on Wednesday. On Wednesday, Indian gold prices rose by Rs. 270 to Rs. 30,285 per 10 grams and neared its previous record of Rs. 30,400 set on June 6. This is mainly due to Rupee weakness against dollar amid strong cues from the world markets. Gold rose on Wednesday morning trading, reflecting a slight softening of the US dollar and continued fears over the stability of the European periphery.

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Gold has always enjoyed an edge over other metals in terms of its value and prestige, being the best investment option. Investors generally buy gold as a hedge or harbor against economic, political, or social fiat currency crises. The sudden surge in gold prices tends to create a standstill in the bullion market.
Last fortnight saw great volatility in gold, with gold reaching its life time high at Rs. 30,400 per 10gm in the physical market, then dropping again by almost 1000 rupees per 10 gm and then nearing back to its life time high.

Continue reading by clicking on http://www.riddisiddhibullionsltd.blogspot.in

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.