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.
GOOD NEWS TURNS TO BE BAD FOR GOLD - (29/06/2013)
As we said, the "bull" in the Bullion seems to be fading away.
Gold seems to be losing its glitter as it's no longer appealing to the common investor. Gold has dropped almost $200 an ounce in the past 10 days. Gold reached $1179- it’s lowest since 2010. In fact gold is headed for a 24 per cent drop for the second quarter. This is considered to be the biggest quarterly drop for gold since 1968.

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Has the bull period for gold ended??? -(22/06/2013)
This entire week gold was dancing to the tunes of the Fed's stimulus plan.
On Wednesday, June 19, Federal Reserve Chairman Ben S. Bernanke stated that the central bank may start curbing stimulus.
He further said that the central bank may start reducing the $85 billion in monthly debt buying in 2013 and end the program in 2014.

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Searching for the BULL in the BULLION - (08/06/2013)
Till the last day of the week everything was under the green light for gold. It reached a 1 week high above $1419 per ounce on Thursday. Research reveals that rise was seen due to the expectations by traders just ahead of the US data release on Friday.
It was being anticipated that US would not be adding much jobs which in turn would not compel the FED to discontinue its stimulus measures. Hence Gold prices would rise even further.

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Comments on Gold Duty Hike of RBI - (06/06/2013)
Finance Minister is back with a new change in Gold policy, announcing another attempt to curb Gold imports by increasing the import duty from 6% to 8% with immediate effect, will have a loud impact on the Bullion sector.
Increase of 2% at current rate of $1400 per ounce is 28 USD per ounce. To be clear, with this duty hike a difference of 9.24 percent between the international and domestic price of the yellow metal is evident.

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SEE SAW YET AGAIN - (02/06/2013)
There were mixed or rather confused sentiments in the precious metals market as we saw gold rising consecutively for 3 days till Thursday but again dropping almost 1.6 per cent on Friday (its biggest one day loss in two weeks)
The prices of precious metals changed direction and bounced back on Tuesday. Their recovery coincided with the decline in equity markets and the rally of leading risk related currencies such as Euro and Aussie dollar

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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.