The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

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The 200-Day Held: Now Comes the Test That Decides Whether the Bounce is a Reversal

Macro Snapshot: The week ending July 3 broke a five-week decline for both gold and silver. Gold posted its first weekly gain since late May and silver led the recovery with a much larger move. The trigger was a weaker-than-expected US jobs report, which reset rate-hike expectations and pushed the dollar to its largest weekly decline since April. Layered underneath were two other significant developments: the release of the World Gold Council’s Mid-Year Outlook on Tuesday July 1 (covered in

Read More »

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India’s Gold Import Doubled in Apr-Sep 2017

New Delhi: India’s gold import more than doubled to $16.95 billion during the first six months of the current financial year, as per the data by Ministry of Commerce. The imports of the precious metal were around $6.88 billion during the period April- September last fiscal, the data said. However, the import of gold dropped by 5% to $1.71 billion

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De Beers’ 8th Cycle Fetches $307 Mln.

Gaborone: De Beers sold rough diamonds with a provisional value of $307 million in the eighth sales cycle (Global Sightholder Sales and Auction Sales) of 2017, as the miner offered fewer diamonds for sale due to Jewish holidays and the Diwali festival. Bruce Cleaver, CEO, De Beers Group, said, “De Beers offered fewer rough diamonds for sale in Cycle 8,

Read More »

Private Sectors to Organize Ruby Show

Bangkok: The Gem and Jewellery Institute of Thailand (Public Organization) or GIT, under the supervision of the Ministry of Commerce, collaborated with private sectors to organize the World Ruby Forum 2017 on November 4, 2017 at Shangri-La Hotel, Bangkok, to promote, raise awareness and create accurate understanding about ruby to worldwide audiences. “GIT is the core institution that promotes, supports

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ORRA Honoured Winners of Nach Baliye

Mumbai: ORRA, one of India’s finest jewellery retail chains, recently honoured the real life couple Divyanka Tripathi and Vivek Dahiya, the winners of Nach Baliye Season 8 with ORRA’s bestselling “Platinum Couple Bands” at their store at Inorbit Malad. The celebrated TV couple exchanged a gorgeous pair from ORRA’s Platinum Couples Collection of love bands, etched with the words “Love”

Read More »

India’s Gold Import Doubled in Apr-Sep 2017

New Delhi: India’s gold import more than doubled to $16.95 billion during the first six months of the current financial year, as per the data by Ministry of Commerce. The imports of the precious metal were around $6.88 billion during the period April- September last fiscal, the data said. However, the import of gold dropped by 5% to $1.71 billion

Read More »

De Beers’ 8th Cycle Fetches $307 Mln.

Gaborone: De Beers sold rough diamonds with a provisional value of $307 million in the eighth sales cycle (Global Sightholder Sales and Auction Sales) of 2017, as the miner offered fewer diamonds for sale due to Jewish holidays and the Diwali festival. Bruce Cleaver, CEO, De Beers Group, said, “De Beers offered fewer rough diamonds for sale in Cycle 8,

Read More »

Private Sectors to Organize Ruby Show

Bangkok: The Gem and Jewellery Institute of Thailand (Public Organization) or GIT, under the supervision of the Ministry of Commerce, collaborated with private sectors to organize the World Ruby Forum 2017 on November 4, 2017 at Shangri-La Hotel, Bangkok, to promote, raise awareness and create accurate understanding about ruby to worldwide audiences. “GIT is the core institution that promotes, supports

Read More »

ORRA Honoured Winners of Nach Baliye

Mumbai: ORRA, one of India’s finest jewellery retail chains, recently honoured the real life couple Divyanka Tripathi and Vivek Dahiya, the winners of Nach Baliye Season 8 with ORRA’s bestselling “Platinum Couple Bands” at their store at Inorbit Malad. The celebrated TV couple exchanged a gorgeous pair from ORRA’s Platinum Couples Collection of love bands, etched with the words “Love”

Read More »

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