Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
PGI Expects 50% Growth Rate in India: Pallavi Sharma
Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
The 200-Day Test: Where the Bull Case for Gold and Silver Goes on Trial
Macro Snapshot: The week ending June 26 extended the precious metals selloff to a fifth consecutive week and pushed both gold and silver into the most important long-term technical zone of the broader uptrend: the 200-day exponential moving average. Three macro forces drove the decline, and they did so simultaneously. First, the US-Iran 60-day peace roadmap, formally signed in Switzerland on June 17, continued to remove the geopolitical risk premium that had supported the metals since the February conflict began.
Top News
KP Teams Visit CAR & Venezuela
Dubai: Over the last two months, teams from the Kimberley Process (KP) have visited the Central African Republic (CAR) and Venezuela to explore the possibilities of resumption of rough diamond exports from these countries. While the former visit took place in early March, the latter visit concluded last week. In a letter sent to all KP participants on April 14,
Tanzania to Boost Polishing of Rough Gemstones
Dar-Es-Salaam: Tanzania Mineral Dealers Association (TAMIDA) said it is working together with ministry of energy and minerals to increase the country’s polishing capabilities as well as to bring the gemstone market back to Tanzania. The association’s Sammy Mollel said in remarks made at the 5th annual Arusha Gem Fair in Arusha, Tanzania that polishing local gems was important as it
Tirupati Temple Deposits 1,311 kg. Gold with PNB
Chennai: The Tirupati Balaji temple management said it has deposited 1,311 kg of gold with a public sector bank under the Gold Monetization Scheme (GMS) and is negotiating for better terms for making more such deposits. The deposit of 1,311 kg of pure gold bars of 0.995 fineness was made with the Punjab National Bank (PNB) on Monday, the Tirumala
Shanghai Gold Exchange Launched
Shanghai: The Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange, launched a yuan-denominated benchmark price on Tuesday in Shanghai, a measure that will benefit both China’s domestic gold market and the global precious metals market. SGE said in a circular that the launch of the Shanghai Gold Benchmark Price will be useful as it adequately reflects the gold
KP Teams Visit CAR & Venezuela
Dubai: Over the last two months, teams from the Kimberley Process (KP) have visited the Central African Republic (CAR) and Venezuela to explore the possibilities of resumption of rough diamond exports from these countries. While the former visit took place in early March, the latter visit concluded last week. In a letter sent to all KP participants on April 14,
Tanzania to Boost Polishing of Rough Gemstones
Dar-Es-Salaam: Tanzania Mineral Dealers Association (TAMIDA) said it is working together with ministry of energy and minerals to increase the country’s polishing capabilities as well as to bring the gemstone market back to Tanzania. The association’s Sammy Mollel said in remarks made at the 5th annual Arusha Gem Fair in Arusha, Tanzania that polishing local gems was important as it
Tirupati Temple Deposits 1,311 kg. Gold with PNB
Chennai: The Tirupati Balaji temple management said it has deposited 1,311 kg of gold with a public sector bank under the Gold Monetization Scheme (GMS) and is negotiating for better terms for making more such deposits. The deposit of 1,311 kg of pure gold bars of 0.995 fineness was made with the Punjab National Bank (PNB) on Monday, the Tirumala
Shanghai Gold Exchange Launched
Shanghai: The Shanghai Gold Exchange (SGE), the world’s largest physical gold exchange, launched a yuan-denominated benchmark price on Tuesday in Shanghai, a measure that will benefit both China’s domestic gold market and the global precious metals market. SGE said in a circular that the launch of the Shanghai Gold Benchmark Price will be useful as it adequately reflects the gold
