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.
Gold Once Again Surrenders In Front Of The Dollar (26/10/2014)
Firstly, On behalf of RSBL, I would Like to wish you A very Happy and Prosperous New Year. We hope that this new Hindu Year brings in positivity not only for the precious metals market but also for the other investment assets and the world economy.
Gold did show some good signs as the week began. Gold prices reached to three session highs by Monday Lunchtime in London. Gold prices touched $1246 an ounce which is considered to be a crucial trading range for gold. Thanks to last week stock rally, gold prices gained as European stock markets reversed half of Friday's big bounce.

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

Gold Tend To Move Side-ways (19/10/2014)
As we just though gold was acting positive and making a comeback, it proves us wrong by the end of Friday.
Gold erased this year’s gains earlier this month on the outlook for higher borrowing costs as the U.S. economy improves. Bullion has since rebounded as the Fed signalled a worldwide economic slowdown may delay interest-rate increases and as equities to commodities slid
The week was decent enough for gold in the domestic markets , but then internationally showed a sideways performance.
Gold fell on Tuesday, in New York as gains in European equities reduced demand for a haven.

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

Is Gold making a comeback (12/10/2014)
Gold has fallen nearly 40% from its 2011 high above $1900 to reach below $1200 at the start of the week. A resurgent dollar, coupled with positive U.S. economic data, had been driving gold's declines over the past few weeks. Investors tend to withdraw from non-interest-bearing assets to seek higher yields elsewhere when the dollar gains.
But gold picked momentum in the past seven days. We finally saw gold catching a bid on global risk aversion. It has rebounded nearly 4 percent from the 15-month low of $1,183.46 it hit on Monday on heavy selling pressure that followed a better-than-expected U.S. payrolls report last week.

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

Gold's Future at Stake!! (05/10/2014)
As 2014 began, it was all green for gold. Investors thought that gold has once again entered the bull market. But this week gold shunned all its gains in 2014 and fell 0.7 per cent.
On the other hand the dollar reached a four year high this week as there were high expectations in the market that more jobs were added in three months. This further added to the speculation the Fed may raise interest rates next year.
When the dollar gets strong and the U.S. yields are higher than gold is counted as one of the least attractive investments.

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

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.