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.
Dollar Drawing Directions For Gold (29/09/2014)
During the financial crisis in September 2008, gold price rose $50 in a single trading day on 18th September. Investors adapted gold as they perceived this asset to be a safe haven in terms of liquidity and security. This day was marked in history as it was after February 1980 that gold had made such a high jump in one day.
In 1979 and 1980, the world witnessed global uncertainty. At that time the key influencers for gold were the Russian invasion of Afghanistan and the Iranian hostage crisis.
Most of these factors were geopolitical.
Even today gold has been hovering around the geo political uncertainties. In fact during 1980 it as just geopolitical tension but today its lots more. Terrorism along with financial uncertainties have had a great impact on gold prices.

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INVESTORS LOSING INTEREST IN GOLD OVER INTEREST RATE RISE (21/09/2014)
Last week we saw that the dollar denominated all the markets especially gold. It was the strengthening dollar that was responsible for the plunge in gold prices.
This week it was even more worse. Precious metals tumbled down and the losses coincided with the recovery of USD against leading currencies such as Euro and Yen and the rally of U.S equities.
The main market movers were the US Dollar and the Chinese economy.
Though other markets have also seen volatility, the impact on the precious metals markets has been severe. Equities have been on a bull run but commodities have consistently been on the downside and have been hit with sliding prices and withdrawals by investors, squeezing profit opportunities for funds and traders.

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Denominating Dollar (14/09/2014)
Over the fortnight gold has witnessed a severe decline in prices.
The first week kicked off with a plunge in gold prices and the same continue this week too.This week, the main reports that came in from the U.S are the JOLTS monthly update and retail sales. In China, too several reports came out including CPI, new loans and trade balance.
Though we have been repeatedly saying that September has historically been the best performing month for gold, this year September kicked off on a negative role as we saw that gold prices have declined by 3%.

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Booster Month For Gold? (07/09/2014)
Gold has established a support level at $1275 since March and prices have risen post this level.
Throughout the second half of March gold fell heavily from resistance around $1400 back down to a several week low near support at $1275.
As 2014 began, gold moved very well for the initial months towards a six month high near $1400 and has now plunged to levels closer to $1300.
As news of the escalating tensions in Middle East and Ukraine gained momentum, gold gained 5.4 per cent year due to rise in demand for this safe haven asset.

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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.