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
Borsa İstanbul and WDM Sign Cooperation
Hong Kong: Borsa İstanbul, the only bourse regulated under Turkish Capital Market Law, and the World Diamond Mark Foundation (WDM) have signed an agreement that cements the cooperation between Borsa İstanbul and WDM, with the specific objective to institutionalize diamond trading in Turkey and in other key markets by means of Borsa İstanbul’s extensive networking capabilities and ready access to
Gold Bonds Priced @ INR 2600 Per Gram
New Delhi: The Reserve Bank has fixed the public issue price at Rs 2,600 per gram for the sovereign gold bonds, for which applications will be accepted from today. The second tranche of sovereign gold bonds and the pricing has been made more attractive as compared to the first tranche when the issue price was Rs 2,684 per gram. The
Rio Tinto Announces Total Salary Freeze
London: Rio Tinto Group will freeze salaries for 2016 as the world’s second-biggest mining company warned that it sees no signs of respite in the commodities rout that’s eroded profits and threatened dividends for producers, reports Bloomberg News. The freeze applies from the chief executive officer downward, Sam Walsh said in an e-mail to staff, a copy of which was
India to Issue Second Trench of SGB Scheme
New Delhi: The Centre in consultation with the Reserve Bank of India has decided to issue second tranche of Sovereign Gold Bonds (SGB). Applications for the bonds will be accepted from January 18-22, and the bonds will be issued on February 8. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices.
Borsa İstanbul and WDM Sign Cooperation
Hong Kong: Borsa İstanbul, the only bourse regulated under Turkish Capital Market Law, and the World Diamond Mark Foundation (WDM) have signed an agreement that cements the cooperation between Borsa İstanbul and WDM, with the specific objective to institutionalize diamond trading in Turkey and in other key markets by means of Borsa İstanbul’s extensive networking capabilities and ready access to
Gold Bonds Priced @ INR 2600 Per Gram
New Delhi: The Reserve Bank has fixed the public issue price at Rs 2,600 per gram for the sovereign gold bonds, for which applications will be accepted from today. The second tranche of sovereign gold bonds and the pricing has been made more attractive as compared to the first tranche when the issue price was Rs 2,684 per gram. The
Rio Tinto Announces Total Salary Freeze
London: Rio Tinto Group will freeze salaries for 2016 as the world’s second-biggest mining company warned that it sees no signs of respite in the commodities rout that’s eroded profits and threatened dividends for producers, reports Bloomberg News. The freeze applies from the chief executive officer downward, Sam Walsh said in an e-mail to staff, a copy of which was
India to Issue Second Trench of SGB Scheme
New Delhi: The Centre in consultation with the Reserve Bank of India has decided to issue second tranche of Sovereign Gold Bonds (SGB). Applications for the bonds will be accepted from January 18-22, and the bonds will be issued on February 8. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices.
