Global Gold City Project Announced
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?
Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers
Now That a Jobs Miss Broke Gold’s Resistance, Can Silver Clear Its Ceiling?
Macro Snapshot: The FOMC held rates at 3.50 to 3.75% on July 29 by a 9 to 3 vote, with three members dissenting in favour of a quarter-point hike. Chair Kevin Warsh described inflation as a ‘choice’ and made clear the Committee would move quickly if incoming inflation data ran hot. Going into the week ending August 7, CME FedWatch put September hike odds near 58%. That framing collapsed on Friday. The Bureau of Labor Statistics reported that US employers
Top News
PAN May Be Necessary for All Shopping
New Delhi: The recent Household Finance committee report by the Dr. Tarun Ramadorai submitted to the RBI recommends mandatory PAN submission for gold purchase above Rs 2 lakh. Considering the cultural preferences for gold as an investment option among Indian households, the report suggested several means to ensure more of the money stocked in gold is redirected to alternate dynamic
Two Indian Companies in Financial Problem
Mumbai: The Mumbai and Antwerp diamond sectors are reportedly on tenterhooks after two leading Indian companies announced financial problems. Manufacturer and exporter Ankur Diamonds has filed for bankruptcy in a Belgian court after the owners were unable to repay bank loans last week, according to The Times of India. Meanwhile, Interjewels Pvt Ltd owes substantial amounts to banks and private
India Bans Gold Imports from S. Korea
New Delhi: After a surge in import of gold from South Korea, the Directorate General of Foreign Trade (DGFT) in the commerce ministry on Friday banned duty free imports of the yellow metal from the country. Under the India-South Korea free trade agreement that came into force in 2010, India has allowed duty free import of gold and silver items.
Opportunity to Create Demand For Platinum
Johannesburg: The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset, reports Mining Weekly Online. Of all the platinum demand levers, platinum in jewellery is the one that can be activated the quickest and the most directly,
PAN May Be Necessary for All Shopping
New Delhi: The recent Household Finance committee report by the Dr. Tarun Ramadorai submitted to the RBI recommends mandatory PAN submission for gold purchase above Rs 2 lakh. Considering the cultural preferences for gold as an investment option among Indian households, the report suggested several means to ensure more of the money stocked in gold is redirected to alternate dynamic
Two Indian Companies in Financial Problem
Mumbai: The Mumbai and Antwerp diamond sectors are reportedly on tenterhooks after two leading Indian companies announced financial problems. Manufacturer and exporter Ankur Diamonds has filed for bankruptcy in a Belgian court after the owners were unable to repay bank loans last week, according to The Times of India. Meanwhile, Interjewels Pvt Ltd owes substantial amounts to banks and private
India Bans Gold Imports from S. Korea
New Delhi: After a surge in import of gold from South Korea, the Directorate General of Foreign Trade (DGFT) in the commerce ministry on Friday banned duty free imports of the yellow metal from the country. Under the India-South Korea free trade agreement that came into force in 2010, India has allowed duty free import of gold and silver items.
Opportunity to Create Demand For Platinum
Johannesburg: The South African platinum industry has been investing in platinum jewellery for more than 45 years through the Platinum Guild International (PGI), which has turned platinum jewellery into an amazing South African asset, reports Mining Weekly Online. Of all the platinum demand levers, platinum in jewellery is the one that can be activated the quickest and the most directly,
