12th October, 2017

Daily Market Rates

India A.M. (12-10-17)

999 Gold - Rs. 29,960/-
995 Gold - Rs. 29,810/-
916 Gold - Rs. 27,443/-
750 Gold - Rs. 22,470/-
585 Gold - Rs. 17,527/-
999 Silver - Rs. 39,975/-

 

 

 

 



India P.M. (11-10-17)

999 Gold - Rs. 29,845/-
995 Gold - Rs. 29,695/-
916 Gold - Rs. 27,338/-
750 Gold - Rs. 22,384/-
585 Gold - Rs. 17,459/-
999 Silver - Rs. 39,850/-

Thursday, October 12

Canada is to report on new house price inflation.
The U.S. is to release data on producer price inflation and jobless claims.
ECB President Mario Draghi is due to speak at an event in Washington. Fed Governors Jerome Powell and Lael Brainard are also to deliver remarks at the same event.

Daily Gold Market Report

Gold crawls upwards – Analysis - 12-10-2017
Gold price shows calm positive trading to approach from the first waited target at 1299.20, keeping the bullish trend scenario valid until now, supported by the EMA50 that carries the price from below, noting that breaching the mentioned level is required to push the price towards 1321.49 as a next main station. Stochastic shows positive signals that support the chances of extending the bullish wave in the upcoming period, reminding you that holding above 1281.17 represents key condition to continue the expected rise. Expected trading range for today is between 1281.00 support and 1310.00 resistance. Expected trend for today: Bullish

Daily Silver Market Report

Silver surpasses the resistance – Analysis - 12-10-2017
Silver price managed to breach the resistance line that appears on the above chart and settles above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that our positive targets begin at 17.43 and extend to reach 18.30 after breaching the previous level. Stochastic negativity interprets the reason of the current sideways fluctuation, waiting to gain enough positive momentum to push the price to continue rising in the upcoming sessions, reminding you that holding above 16.56 represents the most important condition to continue the suggested bullish wave. Expected trading range for today is between 17.00 support and 17.35 resistance. Expected trend for today: Bullish

IBJA in association with SRDC has launched Skill oriented course for Jewellery Manufacturing Techniques (JMT-1).

For Admissions, contact: Kejal 022 49717444

Proposal for Photocard for Hallmarked Jewellery

How silver became Scotland's precious metal of choice?

Silver - not gold - was the most powerful material in the formative history of Scotland in the first millennium AD, yet none was mined here. How did silver become Scotland's precious metal of choice? Scotland's earliest silver arrived via the Roman army, in the form of coins. This was the pay packet as far as the Roman soldiers were concerned. Local tribes, who received gifts of silver coins, were less interested in the currency value - they couldn't spend them outside the Roman Empire. But to them this new material was a symbol of status and Roman favour.

Silver futures surge to Rs. 40,337 per kg

October 12, 2017: Tracking a firm trend overseas, silver prices surged Rs. 208 to Rs. 40,337 per kg at the futures trade today as traders built up fresh positions. At the Multi Commodity Exchange, silver for delivery in December spurted Rs. 208 or 0.52 per cent to Rs. 40,337 per kg, in a business turnover of 390 lots. Similarly, the white metal for delivery in March next year was trading higher by Rs. 187 or 0.46 per cent to Rs. 40,886 per kg in 5 lots. 

Gold prices fall, silver extends gains in Mumbai

Mumbai: Gold prices slipped after a two session surge at the domestic bullion market in Mumbai Wednesday following subdued demand from stockists and investors, even as the metal strengthened overseas. However, silver maintained its rising trend and firmed up by Rs45 per kg on increased offtake by industrial units. Standard gold (99.5 purity) declined by Rs65 to close at Rs29,695 per 10 grams from Tuesday’s finish of Rs29,760.

Gold, Silver Weaker But Up From Daily Lows

(Kitco News) - Gold and silver prices were slightly lower in early-afternoon U.S. trading Wednesday, on mild corrective pullbacks from good gains scored earlier this week. Prices were off their daily lows, however. This afternoon’s FOMC minutes report contained no big surprises, which did allow gold and silver prices to erase some of their losses. Some market watchers were worried the FOMC minutes would sound a more hawkish tone. December Comex gold was last down $2.70 an ounce at $1,291.10. December Comex silver was last down $0.052 at $17.16 an ounce.

Germans Have Quietly Become the World's Biggest Buyers of Gold

When I talk about Indians’ well-known affinity for gold, I tend to focus on Diwali and the wedding season late in the year. Giving gifts of beautiful gold jewelry during these festivals is considered auspicious in India, and historically we’ve been able to count on prices being supported by increased demand.

7 things to know while buying gold coins

The festive season is here and a lot of us will be out ticking things off our Diwali shopping lists. For many, gold will feature high in their shopping lists as buying the yellow metal is considered auspicious around Diwali especially on the eve of Dhanteras. People buy gold not only in the form of jewellery, they even purchase coins.

Gold futures jump to Rs. 29,853

NEW DELHI, OCT 12: Gold prices rose 0.49 per cent to Rs. 29,853 per 10 grams at the futures trade today as participants created fresh positions owing to a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in December rose Rs. 146 or 0.49 per cent to Rs. 29,853 per 10 grams in a business turnover of 360 lots. The yellow metal for delivery in February moved up by a similar margin to trade at Rs. 29,950 per 10 grams in 2 lots.

There’s Gold in Switzerland’s Sewage

SWITZERLAND HAS SO MUCH GOLD that the country is flushing it down the drain. According to a new analysis by Eawag, the Swiss Federal Institute of Aquatic Science and Technology, every year 95 pounds of gold, worth nearly $2 million, passes through Swiss wastewater treatment plants.

Gold prices touch 2-week high amid subdued US dollar

BENGALURU, OCT 12: Gold prices rose to their highest in two weeks on Thursday amid a muted dollar, after minutes from the US Federal Reserve's September policy meeting revealed low inflation concerns. Spot gold was up 0.2 per cent at $1,294.29 an ounce by 0338 GMT, after earlier marking its best since September 27 at $1295.45. US gold futures for December delivery climbed 0.6 per cent to $1,296.50 per ounce.

The most expensive doughnut in the world is covered in 24-karat gold

The priciest doughnut on the planet is filled with champagne and topped with 24-karat gold. It's called the Golden Cristal Ube, and a dozen will set you back $1,200. The world's most most expensive doughnut is featured in an upcoming episode of CNBC's "Secret Lives of the Super Rich."

Archaeologists Strike Gold at the Site of a Mysterious 5th-Century Massacre

Bitcoin Gold Is About to Trial an ASIC-Resistant Bitcoin Fork

Gold Recovers, Hits 2-Week High on Renewed North Korea Fears

Gold prices climbed to its strongest level in more than two weeks yesterday driven by a weaker dollar and as tension flared up once again between the United States and North Korea. Further, return of Chinese traders after a week-long holiday helped boost the metal's price.

Online sharia-gold trader partners with Antam

Tamasia, the digital sharia-based gold trading mobile application, announced on Wednesday its partnership with state-owned diversified mining company PT Aneka Tambang (Antam), as a follow-up to the firms’ agreement in July.

Acacia produces 191 203 oz of gold in Q3, sales hit by Tanzania ban

– London-listed gold miner Acacia Mining reported on Thursday a drop in production over the last three months, hit by work permit issues and reduced operations at its main Tanzanian mines.


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