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.

 

 

 

Felicitation of Mumbai Police commissioner: Satyapal Singh(28/09/2012)
I am glad to be a part of the felicitation ceremony for our Mumbai Police Commissioner Satyapal Singh. Prior to being appointed the Mumbai police chief, Mr Singh was Maharashtra's additional director general of police. He has also served as the Joint Commissioner of Police (Crime) in Mumbai, Nagpur's police commissioner special inspector general of police of the Konkan range.
He has also been on deputation to the CBI and received a special service medal for extraordinary work in the in Naxalite areas of Andhra Pradesh and Madhya Pradesh. He received the President's Police Medal for distinguished service in 2004, the President's Police Medal for meritorious service in 1996 and the DG's Insignia in the same year.

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THE INDIA INTERNATIONAL GOLD CONVENTION 2012 (27/09/2012)
The India International Gold Convention 2012 was a great expecience, especially when you get to share the speakers panel with great personalities like:
Mr. Anup K Pujari (Chairman- DGFT)

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SILVER IS BACK! (26/09/2012)
Last week bullions were seen hovering around many factors that were responsible for its volatility - Economic Stimulus, Spain Bailout, Speculation, Japanese and Chinese growth data, Jobless claims report etc.
Gold on Friday traded at $1786.35 an ounce - moving up by 18 dollars. This resulted due to a blend of news from China that they had lowered rates to boost liquidity in the ongoing operations and the other news coming from Spain that they have officially asked for a bail out.

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SFed launches QE3: Markets get relief!!! (17/09/2012)
Last week we saw great volatility in precious metals. Gold that had reached a high of Rs. 32,200 per 10gram had plunged down to almost Rs. 31,800 and then bounced back to a new high of Rs. 32,650 after the Fed meeting. Such huge fluctuations were seen after Bernanke’s speech, in which he announced the launch of QE3.
Internationally, gold will cross $1800 ounce by year end, effect of which will be seen on the domestic prices too where gold is expected to cross Rs. 35,000 per 10 gram by year end.

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BULLIONS: 1st to 10th Sep, 2012 (13/09/2012)
The prices of gold and silver resumed their rally, much like the U.S stock market. Further, the rise of major foreign exchange rates including the Euro, Aussie dollar and Canadian dollar against the USD may have also contributed to the recovery of bullion rates.
The U.S ADP Non-Farm Employment Change was expected to have a clear and substantial effect on commodities, equities and forex markets. If the report shows growth rate of above 120thousand jobs then the chances of the FED introducing a stimulus plan in 2012 will be lower. This report plays an important role not only for the US dollar but also for the bullion prices. A stable labor market would reduce pressure on the Fed to take aggressive monetary easing as its Sept. 12-13 policy meeting, such as a 3rd round of bind buying known as quantitative easing, to underpin growth.

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HOLE GIVES HOPE TO PRECIOUS METALS(4/09/2012)
Gold prices have been consolidating since the beginning of the year as the market is waiting for the US Federal Reserve to undertake a third round of quantitative easing. Investors expect the central bank to announce stimulus measures at its meeting in September to boost the fragile economic recovery.
The economic agenda is busy with German unemployment, EU retail PMI, UK money supply, the usual Thursday US initial jobless claims, personal income and spending and the start of the gathering at Jackson Hole

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CELEBRATING MY 50TH BIRTHDAY (3/09/2012)
It was a moment of immense joy seeing all family, friends well wishers and the entire RSBL Family gather at Bullion House to celebrate my 50th birthday on September 1. I thank all of them for sparing time and making this day memorable for me.

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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.