With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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Gold Smuggling Arrests Jump 750% YoY in India

Mumbai, 14th April: While cases of gold smuggling in India have jumped 265% from 40 in 2012-13 to 146 in 2013-14, the number of people arrested has shot up by 750%, from 30 in 2012-13 to 255 in 2013-14, data from the Directorate of Revenue Intelligence shows, according to a report published in Mineweb. “Gold imports through the legal channel have

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Gemfields Partners with Shruti-Sushma

Mumbai: Gemfields has joined forces in a new brand partnership with fine jeweller Shruti Sushma. The India-based mother-daughter label is revered for using high quality gemstones in elegant designs that hark back to the glamour of bygone days and channel India’s renowned heritage of fine craftsmanship. With showrooms in Ahmedabad and Bangalore, Shruti Sushma caters to a discerning clientele, in

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Shine Gudi Padwa Brighter with Platinum

Mumbai: As Maharashtra and other western states of India rejoice in the festive spirit of Gudi Padwa, people embrace the rich traditions of the Marathi new year. Houses are decked with bright marigolds and vibrant ‘gudis’ hoisted, while people indulge in jewellery purchase for themselves and their loved ones in anticipation of a prosperous new year.  What better way to welcome the

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50th India Gem & Jewellery Awards Presented

>Russell Mehta (Rosy Blue) bestowed with Lifetime Achievement Award >24 IGJ Awards included Women Entrepreneur of the Year & Best Bank Mumbai: The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 50th India Gem & Jewellery Awards (IGJA), to the brightest jewels in India’s exports’ crown. GJEPC presented a total of 24 IGJ Awards: 14 – Industry Performance

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Celebrate Ugadi with Platinum Jewellery

Hyderabad: Ugadi, observed on the first day of Chaitra, the initial month in the traditional Hindu calendar, signifies the arrival of the spring season. The southern states of Andhra Pradesh, Telangana and Karnataka celebrate the auspicious occasion of Ugadi, to mark the commencement of the Hindu New Year. It is the time for new beginnings and fresh starts. In the early hours of

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