December 2019

Gold dealers in India offered a discount last week due to plentiful supplies

Gold prices inched lower on Monday as investors moved to riskier assets following the announcement of an interim deal between the United States and China that cooled a 17-month-old trade dispute. Spot Gold Spot gold was down 0.1 per cent at $1,473.88 per ounce, as of 0050 GMT. US gold futures were down 0.2 per …

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Old Gold Rate | Spot gold price | 24 karat |

Old gold rate :: Spot gold price for 24 Karat in Delhi were trading up by Rs 15 and the upside was limited on rupee appreciation. The spot rupee was trading 16 paise stronger against the dollar during the Silver prices also gained Rs 50 to Rs 45,726 per kg from Rs 45,676 per kg. …

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The Diamond Industry Is in a Pricing Crisis

Anglo’s De Beers unit will mine 1 million carats less than previously forecast in both 2020 and 2021, according to an investor presentation on Tuesday. That equates to less than 1% of global output, but slows the pace of the company’s expansion as an oversupply of rough diamonds weighs on the industry. De Beers’s buyers …

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Gold Fall 60% of Consumption in Rural India This Year 2019

GOLD FALL :: Investment demand for gold, which had slipped by 35 per cent in the July-September quarter, may decline further in the fourth quarter of 2019 as rural India has stayed away from investing in gold after the kharif crop harvest. Investment demand for gold in rural India, which picks up every year after …

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THE NEXT LEG OF GOLD RALLY GOLD needs to top $1,515

It has been a mixed year for gold as after reaching $1,580 in early September, prices corrected to $1,450 on optimism of US-China trade deal. Equity markets are trading at record highs, which again means that funds are flowing into stocks, as investors are in risk on mode. The US dollar is getting stronger, another …

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Silver futures on Wednesday traded higher by Rs 297

Silver futures on Wednesday traded higher by Rs 297 at Rs 45,591 per kg after speculators raised bets, driven by a firm trend overseas. Silver contracts for March delivery rose by Rs 297, or 0.66 per cent, to Rs 45,591 per kg in a business turnover of 10,821 lots on the Multi Commodity Exchange. Analysts …

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BIS HALLMARK IS MANDATORY FROM 2021

Hallmarking: The Narendra Modi Government has decided to make Bureau of Indian Standards (BIS) hallmarking mandatory for gold jewellery and artefacts from January 15, 2021. The move would protect the consumers from buying inferior quality ornaments and compel the jewellers to maintain legal standards of fineness. Department of Consumer Affairs: According to Department of Consumer …

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