We Wish to Build Globally Relevant SKY Gold: Akash Talesara
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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded
Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and
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Kim Pelletier Named CEO of Get Diamonds Platform
Antwerp: The World Federation of Diamond Bourses (WFDB) announced today that it has recruited industry veteran Ms. Kim E. Pelletier to serve as CEO of the newly formed Get Diamonds B2B diamond trading platform. Get Diamonds, which is owned by the WFDB, is the only non-profit entity diamond trading platform whose slogan is “By the industry, for the industry.”Get Diamonds
Sovereign Gold Bonds Open Today for Subscription
Mumbai : The sixth tranche of gold bonds of this fiscal opens for subscription tomorrow amid volatile prices of the yellow metal in recent days. The Reserve Bank of India (RBI) has fixed the issue price at 5,117 per gram. Those applying online and making payment online get a discount of ₹50 per gram. For such investors, the issue price of
Alrosa also Offers Discounts on Rough
Moscow: Alrosa has reportedly followed De Beers by discounting rough prices in response to the coronavirus slump in demand. Last week De Beers was reported to have lowered the price of larger stones at Sight 7 by as much as 10 per cent. Both miners have held firm with sales-over-volume policies until now, despite smaller rivals offering discounts of up
GJEPC UNCUT 2020: Webinar with IT Department
Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) jointly organized an informative webinar along with top officials of the Income Tax Department on 28th August, to discuss the benefits and outline the procedures of the “Faceless Assessment Scheme, Appeals and Income Tax Charter”. The discussion touched upon the benefits of new faceless assessment, appeals and Income Tax Charter and
GJF Announces Day-Long Interactive Workshop ‘Labham’
Mumbai: The All India Gems and Jewellery Trade Federation (GJF) and all major G&J Trade Associations, has announced the first-ever educational ‘Labham’ programme on 1st June 2014 in Rajkot onwards for all jewellers, manufacturers, traders and other constituents of the G&J businesses in and around Rajkot. It will be held in Chennai on 10th June and in New Delhi on
Gold Prices May Decline to Rs 24,000 by Diwali
Mumbai: Following the Reserve Bank easing the 20:80 gold import norms, India Bullion & Jewellers Association (IBJA) said gold prices are likely to fall to Rs 23,000-24,000 per 10 grams by Diwali as it also expects the Customs duty reduction in the forthcoming Budget, reports The Freepress Journal. “RBI’s easing of 20:80 gold import norms is positive for the gems
CIBJO and Fairtrade International Sign MOU
Moscow, 23rd May: CIBJO and Fairtrade International have signed a Memorandum of Understanding according to which Fairtrade commits to working with CIBJO and its member organizations to improving certified Fairtrade gold supplies to the jewellery markets and members of CIBJO-associated organisations, and CIBJO commits to facilitating and encouraging its members to adopt and integrate fairtrade gold and metals into their
RBI Allows Private Agencies to Import Gold
Mumbai: The Reserve Bank of India (RBI) yesterday eased tough gold import rules by permitting seven more private agencies to import the yellow metal. It is a measure that industry officials say could increase supplies and reduce premiums in the peak wedding season. Gold imports by India, the world’s No. 2 bullion consumer after China, could quickly rise from current
