Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors

Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000

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Despite Collapsing Hike Odds, Rising Yields Kept Indian Gold, Silver Below Their Floors

Snap Shot: Most of the damage in the week ending 2 October landed before the good news arrived, and the good news then failed to repair it. August core PCE inflation, released on 30 September, rose 3.0% from a year earlier against expectations of 3.3%, helped partly by methodology changes at the Bureau of Economic Analysis. September payrolls on 2 October then added just 29,000 jobs against forecasts near 90,000, with unemployment at 4.2% and August revised down to 133,000

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RBI Issues Guidelines for Gold Schemes

New Delhi: The Reserve Bank of India (RBI) on Friday issued detailed guidelines on the sovereign gold schemes aimed at curtailing the physical demand for the yellow metal. Prime Minister Narendra Modi on Thursday launched the Sovereign Gold Bond (SGB), Gold Monetisation (GMS) and the Indian Gold Coin (IGC) schemes. The SGB scheme, which will be issued by the government

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Light up Your Diwali with Platinum Jewellery

Mumbai: Diyas, lanterns and bright lights everywhere mark the beginning of the festivities, starting with Dhanteras that holds special significance due to customary purchases of precious metals on this day. This Diwali gift your near and dear ones precious platinum – a naturally occurring white metal. Celebrate the festival of lights with a gift of love that symbolizes eternity, purity

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VICENZAORO Dubai at ME Gems & Jewellery Forum

Dubai: VICENZAORO DUBAI, the Super Show dedicated to world gold and jewellery trade organised by DV Global Link – a joint venture between Fiera di Vicenza and the Dubai World Trade Centre (DWTC) – was at the Middle East Gems & Jewellery Forum 2015 (MEGJF), held in Dubai, 1-2 November, in its capacity as a partner.

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India Launches 3 Gold Schemes and Gold coin

New Delhi: India’s Prime Minister Mr. Narendra Modi on today launched three gold related schemes- Gold Monetisation Scheme (GMS), Gold Sovereign Bond Scheme and the Gold Coin and Bullion Scheme. PM Modi also unveiled the first ever national gold coin minted in India with the national emblem of Ashok Chakra engraved to be released among others on the occasion. Speaking

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No Solace in Budget for India's Jewellery Sector

Mumbai: India’s Finance Minister Mr. Arun Jaitley has not given any relaxation in his first budget today as far as import duty on gold is concerned, within 45 days of forming of the Narendra Modi government. Mr. Jaitley surprised bullion markets by keeping the import duty on gold and silver unchanged at 10% in his fiscal budget, a move likely

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RJC to Hold Session at IIJS Educational Program

Mumbai: The Responsible Jewellery Council (RJC) will be taking part in the educational program of the July 17-21 India International Jewellery Show (IIJS). The program, organized by the Gem & Jewellery Export Promotion Council (GJEPC), and sponsored by Gemological Science International (GSI), will host a series of industry experts during the four day educational series entitled Spectrum Seminar – Innovate

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Myanmar Sells $3bn in Gems

Naypyidaw: Myanmar’s annual gem emporium took in more than $3 billion this year, the most ever for the country’s annual sale of gems and jade, organizers said Tuesday. Income reached $3.4 billion and saw the successful auction of 6,007 of 7,454 jade lots, 126 out of 436 gem lots and 224 of the total 342 pearl lots, they said. “This

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Forevermark Hosted Forum 2014

Jaipur: Forevermark, the diamond brand from De Beers group hosted the 3rd Annual Forevermark Forum in The Pink City to celebrate the brand for the year 2014. The three day interactive forum held from 02nd till 04th June 2014 in the city of Jaipur for its key associates & stakeholders was a massive success and was attended by India’s leading

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