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.
RSBL : Sovereign Gold Bonds Scheme by India & FED Rate Hike - Timing Matters (31/10/2015)
Rather than talking about International Bullion, I am glad to put forward the decision of Government of India, in consultation with Reserve Bank of India (RBI), to issue Sovereign Gold Bonds. A welcome move by Government of India, after their announcement during the Budget. The best part of this is:

  1. The investors will be compensated at a fixed rate of 2.75% per annum payable semi-annually on the initial value of investment.
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RSBL : Gold Loses Direction (25/10/2015)
Amidst continued uncertainty regarding the Fed’s monetary policy, gold has off late, lost direction.

It was moving in the positive territory. But on Friday, but gold erased intra-day gains, closing down on the day and lower on the week. The yellow metal yielded to pressure from a strong rally in the U.S. dollar.

The dollar gained ground, especially versus the Euro, following this week's European Central Bank meeting that hinted at further monetary easing this year. The dollar also garnered additional strength in the wake of interest rate cuts by the People's Bank of China (PBOC) on Friday.

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RSBL : Data Dependent Gold (17/10/2015)
This week gold continued to hover around the levels of $1176.75 and broadly the key trade range for the yellow metal was $1170- $1175 an ounce.

Gold reached a four-month high of $1,192 on Thursday but was unable to maintain this level, because the US dollar was driven up by higher than expected US inflation figures for September, which in turn put pressure on gold.

Fed has set inflation target for years as it’s a part of the dual-mandate along with full employment. But Inflation has failed to meet the Fed’s target.

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RSBL : Ambgutity for Gold (10/10/2015)
As we all know, lately gold has been majorly influenced by any data released from the Fed regarding its interest rate.

Gold prices dropped in Asia on Thursday as China markets returned from holidays and investors stake positions ahead of Fed minutes later in the day.

Trading activity had become more muted as the September Federal Open Market Committee (FOMC) meeting minutes approached.

Investors awaited the release of the minutes from the Fed's September meeting on Thursday for further hints on whether the U.S. central bank could raise short-term interest rates before the end of the year.

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RSBL : Gold Glitters (03/10/2015)
Positive data or negative? Hike rate this year or next? Strong dollar or weak? Stable equities or volatile? Gold up or down?

Well a lot was expected to happen this week. Precisely, the above mentioned points are somewhere down the line related to each other.

A positive data strengthens the dollar thus increasing the chances of rate hike which would push gold prices down. And even vice a versa.

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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.