Indian farmers are watching the progress of the annual monsoon rains, which have been lighter than normal. If rains do not improve, physical gold demand in India could be hit, said HSBC Holdings plc (HSBC) in a commodity research note. James Steel, HSBC
The global gold prices closed slightly higher on Monday, as investors cautiously await the U.S. Federal Reserve's policy meeting later in the day which is expected to shed light on the bank's stance on monetary stimulus, a key factor driving bullion
The investor community is starting to pay more attention to gold and the mood toward the metal in the U.S. is the friendliest we'd seen since the metal's sizeable pullback in late February, said Union Bank of Switzerland (UBS) in commodities briefing. “
Gold futures on the Multi Commodity Exchange opened higher at Rs 29,810 per 10 grams against yesterday's close of Rs 29,788. In Comex, the yellow metal was trading at $1,623 troy ounce. Rupee depreciated by 20 paise against the dollar. If the trend
Gold futures on the Multi Commodity Exchange had closed lower at Rs 29,788 per 10 grams against the previous close of Rs 29,796 on Monday. In Mumbai spot market, the yellow metal opened at Rs 2,927 per gram. The August contract on Comex was up by $4 at
World's largest bullion consumer India's gold imports are likely to drop sharply in July this year on higher prices, said Bombay Bullion Association (BBA). India imported 250 tonnes of gold in the first six months of this year. “Country's yellow metal
Gold has steadied at $1620 as markets look forward the US Federal Reserve meeting on Tuesday and Wednesday for further signals on QE3 to bolster economic growth. Investors are also eyeing the European Central Bank meeting on Thursday for pro-growth
Gold markets will be focused on a few key events next week: the meetings of the European Central Bank and Federal Reserve’s monetary-policy committee, plus the release of the June U.S. unemployment data, slated to be out on Friday. The Fed’s meeting
A rally in gold prices prompted some selling in Asia's physical gold market, but market participants feared the price rise would lose momentum as policy uncertainty keeps sentiment brittle. Spot gold jumped 1.5 percent to a three-week high of $1,609.91
Snapping its four-session rising streak, silver today fell by Rs 100 to Rs 53,000 per kg due to reduced offtake at prevailing levels. However, gold steady at previous level of Rs 30,300 per 10 grams. Traders said reduced offtake by coin makers at
Silver prices may rise in the second half of 2012 and 2013, according to BNP Paribas S.A. (Euronext: BNP) in a commodity research note. The German bank also revised its average forecasts of $33.50 an ounce for 2012 and $41.70/oz for 2013. Anne-Laure
Precious metals gained in 2011 on the strength of Central bank buying in developing countries, India and China demand and prospects of further quantitative easing, according to a quarterly review from Natixis. At the same time, the market is becoming
Platinum prices to rebound moderately in the months ahead despite a weak fundamental outlook, said BNP Paribas in a snippet. Gains are likely to be fueled to more quantitative easing in the U.S. and gold’s subsequent move higher, they added. BNP
Gold prices edged up further at the domestic bullion market today on stray demand from stockists and investors supported by firm overseas trend. Silver, however, encountered speculative profit-taking on the back of reduced industrial off-take. Standard
Gold futures on the Multi Commodity Exchange had closed higher at Rs 29,835 per 10 grams on Wednesday against the previous close of Rs 29,568. In Mumbai spot market, the yellow metal was trading at Rs 2,923 a gram on Thursday. The August contract on
Most-active Comex gold futures closed the Wednesday pit session above $1,600 an ounce for the first time in two and one-half weeks. Gold prices bounced back to above $1,600 level due to increased optimism about more potential monetary easing in the
Investor and newsletter writer Dennis Gartman said that he is adding to his gold position, which he holds against the euro only. “That insistence is proving worthy of note for gold/EUR is moving on to new highs this morning…,” he says, pointing out that
Gold and Silver production of Peru declines, says Peru's Ministry of Energy and Mining. Gold production in Peru decreased 0.69% to 14,269 kilograms and Silver output declined 1.35% to 291,458 kilograms in May.Peru is the world's second biggest silver
Gold rose nearly 2 percent on Wednesday, outperforming equities for the third day in a row as renewed talk of U.S. and European monetary stimulus boosted the precious metal's appeal to investors seeking an inflation hedge. Bullion was poised for its
Gold today regained the psychological level of Rs 30,000 per 10 grams on brisk buying by stockists and jewellers to meet the demand for the upcoming festive season amid a firming global trend. While gold shot up by Rs 260 to Rs 30,160 per 10 grams, a
Silver futures prices rose by Rs 152 to Rs 52,980 per kg today on pick-up in demand in the spot market supported by the festive season amid a firm global trend. At the Multi Commodity Exchange, silver for delivery in September rose by Rs 152, or 0.29% to
Gold has been caught in a tug-of-war, said OptionsXpress in a snippet. According to Rob Kurzatkowski, senior commodity analyst with optionsXpress, “While many would view the financial crisis of Europe as a reason to buy gold, many traders concerned with
August gold futures traded on the Comex division of the Nymex are developing a bearish flag pattern, said Ken Morrison, founder and editor of online newsletter, Morrison on the Markets. “This bearish flag pattern suggests more downside is likely but we
Gold inched higher on Tuesday, extending gains into a second straight session as poor economic data from both sides of the Atlantic helped raise hopes for further monetary stimulus measures, which would increase gold's appeal as an inflation hedge. The
Gold prices continued to rise for the fourth-straight day by gaining Rs 100 to Rs 29,900 per 10 gm in the national capital today on increased buying by stockists and jewellers to meet the ongoing festival season demand amid a firming global trend. Silver