News, Updates & Insights
Insights from RSBL
Is the dip in gold prices a buying opportunity? Experts weigh in
Gold and silver have witnessed a sharp rally following Russia's invasion of Ukraine. But the prices soon cooled off as a firm US dollar and upside in bond yield eroded the bullion's sheen. Currently, gold is down 10 per cent from its record peak, having breached the Rs 50,000 mark on MCX NSE -2.03 %.
India Gold Conference honours RSBL- RiddiSiddhi Bullions Ltd as the largest bullion dealer of the year’ 2019-2020 and 2020-2021 All India
RiddiSiddhi Bullions Limited (RSBL) is a leading company in India which deals in bullion, specializing in bars and coins of various precious metals like Gold, Silver and Platinum. The company has been categorized in the top 10 unlisted public companies in India in terms of sales turnover as per BS1000. It has developed easy, reliable and user friendly systems & products for one and all to purchase Gold, Silver, platinum like RSBL eCoins, RSBL Coins, RSBL Gold SIP and so on.
RSBL Bags Three Awards for Best Gold Seller, Bullion Dealer and Gold Bullion Dealer 2017-18
The past month has been phenomenal for India's largest bullion company RiddiSiddhi Bullions Limited (RSBL). It has picked up three prestigious awards at two significant bullion industry events. The first two were at the Bullion Federation Global Convention, held at New Delhi's swanky JW Marriott on July 28 and 29, where RSBL was conferred with the title of "Best Gold Seller in India - 2017-18" and "Best Bullion Dealer in India - 2017-2018".
Buoyant gold sales on Akshaya Tritiya cheer markets
Buoyant gold sales on Akshaya Tritiya brought cheer to jewellers in Mumbai and elsewhere in the country as customers thronged retail outlets to make their customary festive purchases on Friday.
Why more Indians will be rushing to buy gold this Akshaya Tritiya
Gold jewellery sale is expected to rise sharply on the occasion of Akshaya Tritiya this year, after an appreciating rupee prompted many to book a piece for delivery on the due date. A stronger rupee has meant the Indian price rise is slower than abroad.
Traders fail to gain from gold price rise
While the sharp appreciation in the Indian rupee over the past few weeks has limited a major upside in the prices of domestic gold, concern over the escalating geo-political tension and rise in demand during the upcoming Akshaya Tritiya are expected to firm up the prices of yellow metal in the domestic market.
Strong rupee keeps investors away from gold
The rally in the equity market is taking away the sheen from gold. Even though the yellow metal has become slightly cheaper, prompting some wedding-related jewellery purchases, investors are cautious to buy gold as they expect the strengthening local currency to keep any price gains in check.
Spot gold prices slip by Rs 110 to Rs 28,815 on strong dollar
Gold prices slipped by Rs 110 per 10 gm in the physical market to touch Rs 28,815 per 10 gm compared with Friday's closing of Rs 28,925 per 10 gm. Though a drop in prices have created some interest among those who want to buy jewellery, but investors are still taking a cautious stance.
Festival drives Indian gold demand; higher prices curb buying elsewhere
Gold demand in India rose this week due to a festival and as local prices adjusted to an appreciating rupee, while higher prices kept a check on demand elsewhere in Asia.
Which way will gold go? Nobody’s quite certain
Bullion dealers and analysts are divided over which way gold prices are headed even as the wedding season is due to begin mid April. While some feel that gold price may drop by more than 3% to Rs 27,800 per 10 gm in the short term if rupee continues to remain strong against the dollar, others feel it may firm up in the coming weeks.
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.
Stay upto date with the latest and blog posts.
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