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Same Line, Second Test: Gold and Silver Return to the 200-Day EMA
Macro Snapshot: The week ending July 10 unwound most of the recovery from the prior week. Gold gave back the majority of the July 3 bounce and silver gave back even more, with silver again showing the higher beta that has defined its behaviour on both sides of the correction. Both metals are back at the 200-day EMA area that held in late June: gold is still marginally above the line, silver has slipped just below it. Two macro shocks
Same Line, Second Test: Gold and Silver Return to the 200-Day EMA
Macro Snapshot: The week ending July 10 unwound most of the recovery from the prior week. Gold gave back the majority of the July 3 bounce and silver gave back even more, with silver again showing the higher beta that has defined its behaviour on both sides of the correction. Both metals are back at the 200-day EMA area that held in late June: gold is still marginally above the line, silver has slipped just below it. Two macro shocks
Top News
NDC, Condé Nast Traveller Launch Diamond Standard List
Mumbai: The Natural Diamond Council (NDC) in collaboration with Condé Nast Traveller has released The Diamond Standard List recognising the best jewellery brands in the Indian industry. A pioneering initiative, this special index curated by the editors is a part of the magazine’s revered Gold List 2022. Celebrating extraordinary craftsmanship and remarkable experiences, this list recognises jewellers who have set the
Narendra Modi to Receive Lata D. Mangeshkar Award
Mumbai: India’s Prime Minister Mr. Narendra Modi is set to be honoured with the first Lata Deenanath Mangeshkar Award at the 80th annual Master Deenanath Mangeshkar Awards ceremony on April 24. The award was instituted in the memory and honour of legendary singer Lata Mangeshkar who passed away at the age of 92 years in Mumbai earlier this year. The
US Expands Sanctions on Alrosa
Washington: The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) last week “designated Alrosa” with the aim of cutting off additional sources of support and revenue for the Russian Government to wage its unprovoked war against Ukraine. “These sanctions will continue to apply pressure to key entities that enable and fund Russia’s unprovoked war against Ukraine,” said
OIJIF II Invests in Senco Gold & Diamonds
Oman: Oman India Joint Investment Fund II (OIJIF II) announced that it has invested ~INR 75 crores in Senco Gold Limited, a pan India jewellery retailer based out of Kolkata. Senco Gold operates 127 showrooms across the country. In eastern India it is the largest organised jewellery retail player. Senco has been rated as the 2nd most trusted Jewellery brand in India
NDC, Condé Nast Traveller Launch Diamond Standard List
Mumbai: The Natural Diamond Council (NDC) in collaboration with Condé Nast Traveller has released The Diamond Standard List recognising the best jewellery brands in the Indian industry. A pioneering initiative, this special index curated by the editors is a part of the magazine’s revered Gold List 2022. Celebrating extraordinary craftsmanship and remarkable experiences, this list recognises jewellers who have set the
Narendra Modi to Receive Lata D. Mangeshkar Award
Mumbai: India’s Prime Minister Mr. Narendra Modi is set to be honoured with the first Lata Deenanath Mangeshkar Award at the 80th annual Master Deenanath Mangeshkar Awards ceremony on April 24. The award was instituted in the memory and honour of legendary singer Lata Mangeshkar who passed away at the age of 92 years in Mumbai earlier this year. The
US Expands Sanctions on Alrosa
Washington: The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) last week “designated Alrosa” with the aim of cutting off additional sources of support and revenue for the Russian Government to wage its unprovoked war against Ukraine. “These sanctions will continue to apply pressure to key entities that enable and fund Russia’s unprovoked war against Ukraine,” said
OIJIF II Invests in Senco Gold & Diamonds
Oman: Oman India Joint Investment Fund II (OIJIF II) announced that it has invested ~INR 75 crores in Senco Gold Limited, a pan India jewellery retailer based out of Kolkata. Senco Gold operates 127 showrooms across the country. In eastern India it is the largest organised jewellery retail player. Senco has been rated as the 2nd most trusted Jewellery brand in India
