Gujarat gobbles up Silver as imports surge 193% in 2011/12
(Commodityonline
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30/04/2012)
Gujarat is buying silver by the truckload and could be one of the biggest silver importing state in India, latest data from the Customs department shows. Imports of silver in Gujarat almost doubled for the fiscal year 2011-2012 As per the data, Gujarat
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MCX Gold, Silver open higher on US GDP, market eyes China PMI
(Commodityonline
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30/04/2012)
At the Multi Commodity Exchange of India (MCX), gold and silver opened higher on Monday as markets continue to be tense after a weaker US GDP data. MCX silver May contract is trading at Rs 55988, up 0.21% as of 10:49 AM IST while MCX gold June contract
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Asian gold near 2-week high on dollar, US GDP data
(Business Standard
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30/04/2012)
Gold held near a 2-week high on Monday on prospects of more safe haven buying, with the dollar under pressure from weaker-than-expected US economic data and speculation the Federal Reserve could ease policy further to boost growth. Although the slowdown
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MCX gold may open at Rs 29,120/10 gm
(The Hindu Business Line
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30/04/2012)
Gold prices at the futures market may open on the higher side due to dollar turning weak against major currencies. MCX gold June contract may open at Rs 29,120 per 10 grams against Saturday’s close of Rs 29,109. Rupee movement against dollar will have
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Gold finding support on technical chart
(Commodityonline
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30/04/2012)
Gold prices are finding support on technical chart factors, with June Comex gold holding above the 10-day and 20-day moving averages, at roughly $1,646 and $1,652 an ounce, respectively, said Charles Nedoss, senior market strategist at Olympus Futures.
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Gold nears Rs 30,000 mark as economy staggers
(The Times of India
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29/04/2012)
Gold is now staring at the Rs 30,000 per 10 gram mark for the first time after equalling the previous record of Rs 29,540 on Saturday. Just when people had started writing it off, the precious metal has staged a comeback, rising nearly Rs 550 per 10 gram
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Gartman swaps remaining Gold/Yen position for Gold/Euro
(Commodityonline
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29/04/2012)
Investor and newsletter writer Dennis Gartman says he is swapping his remaining gold position in Japanese yen terms for gold in euro terms. Some time ago, Gartman exited much of his gold position but maintained what he calls an Armageddon insurance
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Gold regains record level of Rs 29,540
(Business Standard
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28/04/2012)
Gold prices spurted by Rs 100 to regain the all-time high level of Rs 29,540 per 10 grams in the bullion market here today on strong demand triggered by the ongoing wedding season amid firm global cues. The precious metal, which was last seen at this
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Labor shortages in mining industry may drive Gold bullish: HSBC
(Commodityonline
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28/04/2012)
Labor shortages in the mining industry may constrain future gold output and have bullish implications for prices, said HSBC, a London based multinational bank, in a commodity research note. A recent report from Canada’s Mining Industry Human Resources
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Silver to hit $40/oz by late 2012-2013; decline to $25 in 2014: TDS
(Commodityonline
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28/04/2012)
Silver to approach $40/oz by the end of 2012 or early2013 as stronger industrial and investment demand tightens up supply/demand conditions, said TD Securities in a commodity briefing. But longer term, TDS looks for supply to outpace demand starting in
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Vietnam's new Gold trading rules will kill hundreds of Gold shops
(Commodityonline
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28/04/2012)
A string of new gold regulations by the Vietnam government is set to kill hundreds of small gold shops and the livelihood of people associated with it. Earlier, the government had announced new rules for bullion trading according to which the bullion
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MCX Gold trades up after Spain downgrade
(Commodityonline
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28/04/2012)
MCX gold is trading up on morning trade on Friday after Spain's credit downgrade seemed to have triggered a rush into the yellow metal. MCX gold June contract is trading at Rs 29067, up 0.13% as of 10:41 AM IST . On the contrary, MCX silver May contract
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Gold set for biggest weekly rise since late Feb
(The Economic Times
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28/04/2012)
Gold rose for a fourth consecutive session o n Friday, on track for its biggest weekly gain since late February, as disappointing US growth and European debt jitters triggered investment demand for the precious metal. Bullion buying accelerated after a
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Gold traders get bullish as Central Banks hoard more
(The Economic Times
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28/04/2012)
Gold traders are more bullish after central banks expanded their bullion reserves and hedge funds increased bets on a rally for the first time in three weeks. Fourteen of 28 analysts surveyed by Bloomberg expect prices to gain next week and nine were
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Spot gold tops Rs 29,000 after 20 weeks
(Business Standard
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28/04/2012)
Gold entered a bull run again today, after 20 weeks, on the decision by the US Federal Reserve not to raise interest rates till 2014. Also, the downgrading of Spain’s long-term credit rating by global agency Standard & Poor’s (S&P) spurred gold’s appeal
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Precious Metals Climb, XAU Unable to Gain Traction
(IBTimes Gold
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27/04/2012)
Gold and silver futures advanced on Thursday amid broad-based strength in the commodities complex. COMEX gold futures for June delivery – the most active contract – settled up by $18.20, or 1.1%, at a two-week high of $1,660.50 per ounce. Silver futures
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PRECIOUS METALS: Gold Leaps To 2-Week High As Traders Weigh Fed
(The Wall Street Journal
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27/04/2012)
Gold futures popped to the highest level in two weeks Thursday, as investors bet that the Federal Reserve's steady hand on its current slate of monetary policies would support prices ... For more on this
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Precious Metals Bounce, Bernanke Says Fed “Prepared to Do More”
(IBTimes Gold
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27/04/2012)
Precious metals rebounded Wednesday afternoon as Federal Reserve Chairman Ben Bernanke began his post-FOMC press conference. Near the beginning of the conference, Bernanke was asked how he would react to Fed critics who say the central bank is not doing
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PRECIOUS METALS: Gold Eases; Trading Muted Ahead Of Fed Statement
(The Wall Street Journal
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27/04/2012)
Gold shuffled between slight gains and losses on Wednesday in low volume, taking cues from muted moves in currency markets as investors awaited the latest policy statement from the Federal Reserve. ... For more on this
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Metals hold ground as players await FOMC statement for direction
(FastMarkets
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27/04/2012)
Gold recovered some ground over the second half of Tuesdays trading day as pockets of short covering were seen ahead of today’s FOMC announcement and statement. In addition a moderate increase in physical demand was seen as buyers in India celebrated the
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PRECIOUS-Gold rises on Wall St gains; options, Fed in focus
(Reuters
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27/04/2012)
Gold prices rose on T uesday, following gains in equities and industrial metals, but selling pressure capped gains ahead of a U.S. option expiration and on uncertainty over a U.S. Federal Reserve policy meeting. Bullion, which for most of this year has
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Gold futures gain 0.3% on global cues
(Business Standard
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27/04/2012)
Gold rose by Rs 80 to Rs 28,920 per 10 grams in futures trade today as speculators enlarged their positions, tracking a firm trend in overseas markets. Sentiment in gold bolstered as the precious metal advanced in global markets after Federal Reserve
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MCX gold June contract may open lower
(The Hindu Business Line
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27/04/2012)
Gold prices at the futures market are likely to fall on strong dollar and positive data emanating from the US. Rupee has been trading flat and may depreciate against dollar. This will support gold prices to an extent in India. MCX gold June contract may
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Gold Price Firm in Aftermath of Fed Meeting
(IBTimes Gold
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26/04/2012)
The gold price rose $6.04, or 0.4%, to $1,649.84 per ounce Thursday morning following a worse than expected report on the U.S. labor market. The price of gold advanced as weekly jobless claims came in at 388,000 – above the 375,000 median estimate among
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India gold demand stays weak, prices near 2-mo high
(The Economic Times
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26/04/2012)
Indian gold traders stayed on the sidelines as prices hovered near their highest level in two months due to firm overseas markets and a weaker rupee. * The most-active gold for June delivery on the Multi Commodity Exchange ( MCX) was 0.24 percent higher
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