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.
Is it the right time to buy Gold, Silver & Platinum? - (29/03/2014)
No doubt this had to be the blog for the week. Precious metal prices have been rocketing down for the entire week.
Let's first focus on the reasons for the price fall:
1. FED's QE3 is being unwound at a steady pace. Tracking the improving US economic conditions, FED might even increase the pace of tapering. QE was responsible to set record highs for gold and the same is the reason for its downfall in 2013.
2. Ukraine turmoil had given the much necessary support to safe haven buying assets like Gold where the prices were on an upward spiral. As the turmoil continues to unwind itself and most of the news being discounted by the market participants, the support is slowly fading away.

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Gold Goes on a Bumpy Ride - (23/03/2014)
On Monday, gold reached a high of $1391.99, after the Crimean people had voted over the weekend in favour of joining Russian Federation. As the tensions have gold, gold prices have dropped sharply lower.
After shifting focus from Ukraine issues, gold then concentrated on growth figures from China and then the US tapering.

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Lots of If's and But's for gold - (17/03/2014)
Last year it was Syria...This year it's Ukraine. Geopolitical tensions have always been a booster for gold and other precious metals and it has helped gold in enjoying its safe haven appeal as it always does in times of economic turmoil recession, inflation etc.
This week gold remained on the top and showed some interesting record movements too.
Gold prices bounced on Friday during the trading hours, rising 3.3 per cent from last week's close at 1385$ per ounce, a level not witnessed since early September. Gold sailed through US$1,380 and was on course for a sixth successive week of gains as the situation in Ukraine showed no signs of easing.

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Gold Trapped? - (10/03/2014)
Gold was choppy this week. It was seen moving sideways just before the payrolls data was released. Investors believed that a weak figure would mean that the economy is still fragile and this would underpin gold prices.
Geopolitical tensions in Ukraine have underpin gold prices this week. Spot gold is at $1,350/oz, down 40 cents from its previous close.

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2014 - An Interesting Start-up for Gold - (02/03/2014)
Whenever a slightest of hope arises that the global economy is on a path of recovery ...a jerk hits and turns this hope into a stray dream.
But these jerks are surely giving gold and other precious metals a jerk in the upward direction.
Price trend of gold in 2013, compelled many investors to believe that gold was finally entering the bear market and that it was time to shift focus to other metals.

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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.