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 calmness before a gold thunderstorm - (27/10/2013)
Gold has always been the most favorite metal in its class as it has given tremendous returns since the past 12 years. In fact it has history of 12 years of gains which is why it enjoys the status of a safe haven asset.
But this year gold has fallen almost 20 percent over issues that the Fed would start tapering its easy money police by cutting its $85 billion monthly bond purchases. This has fueled gold's appeal as a hedge against inflation.

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Financial Calamity Avoided or The Worse IS Yet To Come?? - (22/10/2013)
Gold was going gaga over the week. Usually, we don't see much trading, just a few hundred lots of gold futures, on an early Thursday morning in New York. But what we saw this Thursday came as a shock. A wave of buy orders worth over $2.3 billion gushed into the market.
While other commodities declined, gold prices rose on Thursday despite dollars drop.
In just 10 minutes gold prices rose 3 per cent. It created a rhythm for the next 12 hours of trade.

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U.S. Deal or No Deal - (14/10/2013)
Firstly, I apologize to my readers for not posting the author article on Saturdays, that I usually do. We were busy with the SPARSH – Touch of Elegance store launch in Borivali, Mumbai. Secondly, what just happened to Gold on the day of my store launch? Gold sent the entire market into shockwaves.
It lost $30 in just two minutes. There was huge sell order that triggered the plunge

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Only one thing is certain for gold-....uncertainty - (05/10/2013)
The U.S. shut down was the most discussed topic last week. Now all eyes are glued on the debt ceiling. Though the partial shutdown did not create much impact on gold prices globally, this shutdown along with the debt ceiling will surely have a major impact on bullion prices worldwide.
As shutdown enters its second week, there prevails lot of uncertainty in the markets.

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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.