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21
September 2013

As imports dwindle, jewellers bank on ETF gold sales

Some jewellers are even paying cash for old ornaments With the Government hiking the duty on gold imports and the RBI restricting them through export obligations, there is a severe shortage of gold in the market.

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5
August 2013

RSBL Spot launches contracts for gold exporters

Riddi Siddhi Bullions Ltd. (RSBL)’s flagship product RSBL SPOT has launched a new segment that would facilitate the exporters and contribute to reduce the nation’s current account deficit pressure.

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2
August 2013

Deficit? What deficit? India makes a golden version of everything

Indians use gold for all sorts of things. As the world’s biggest gold consumer, its citizens use coins, bars and jewellery as gifts, dowries and investments that are literally more solid than a share in a company. The ill effect that this has on India’s current account deficit has led the government to try to curb demand. Here are a few examples of demand that nobody can seem to curb.

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6
June 2013

Gold duty hike to fuel holiday imports: Riddisiddhi Bullions

Finance Minister is back with a new change in Gold policy, announcing another attempt to curb Gold imports by increasing the import duty from 6% to 8% with immediate effect, will have a loud impact on the Bullion sector. Increase of 2% at current rate of $1400 per ounce is 28 USD per ounce. To be clear, with this duty hike a difference of 9.24 percent between the international and domestic price of the yellow metal is evident.

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07
May 2013

Gold eases after rising, physical buying muted

Indian gold eased on Tuesday, after rising for a couple of sessions in line with global markets, though physical demand remained muted ahead of a key gold buying festival amid lower supplies.

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16
April 2013

Gold up from 18-month low; sales below expectations

Indian gold futures bounced from their lowest level in more than 18 months on Tuesday mirroring global markets, with physical traders witnessing a small revival in demand, but below expectations.

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14
April 2013

Gold prices crash, fall by Rs1,250 per ten gram

Gold, which had been plummeting this week and traded below Rs30,000, fell further sharply by 1,250 to Rs28,350 per ten gram, a level last seen on April 7 last year following a steepest fall of 84 dollar to 1,477 dollar an ounce in global markets.

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13
April 2013

Gold prices slump below Rs 28,000/10gm on global cues

Gold prices crashed 5 per cent on Saturday plunging the Indian bullion market into panic. Prices nosedived from Rs 28,842 for 10 gm to Rs 27,748 in just one session. Silver prices fell 4 per cent.

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26
Feb 2013

Union Budget 2013: Should import duty on gold be hiked further?

Government had increased import duty on Gold before the budget. The government's move to hike the customs duty from 4 to 6 percent will have a loud impact on the Bullion sector.

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25
Feb 2013

Sliding gold prices dampen India’s firepower on imports

Falling gold prices pose a dilemma for India’s government as it searches for ways to show in its February 28 budget it can control a record current account deficit.

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Prithviraj Kothari’s views on the Bullion market

The primary propose of this blog is to educate the masses on the current happenings in the Bullion world.

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