13th September, 2017

Daily Market Rates

India A.M. (13-09-17)

999 Gold - Rs. 30,145/-
995 Gold - Rs. 29,995/-
916 Gold - Rs. 27,613/-
750 Gold - Rs. 22,609/-
585 Gold - Rs. 17,635/-
999 Silver - Rs. 40,725/-

 

 

 

 



India P.M. (12-09-17)

999 Gold - Rs.30,020/-
995 Gold - Rs. 29,870/-
916 Gold - Rs. 27,498/-
750 Gold - Rs. 22,515/-
585 Gold - Rs. 17,562/-
999 Silver - Rs. 40,515/-

Wednesday, September 13

Switzerland is to release data on producer price inflation.
The UK is to publish its monthly employment report.
The U.S. is to publish figures on producer price inflation.

Daily Gold Market Report

Gold needs confirmation signal – Analysis - 13-09-2017
Gold price shows some bullish bias after 23.6% Fibonacci correction level formed solid support at 1231.49 against the price recent negative attempts, hinting the attempts to return to the bullish trend, but we notice that stochastic loses its positive momentum clearly, while the EMA50 forms negative pressure against the price. Therefore, we prefer staying aside temporarily until we get clearer confirmation signal for the next trend, waiting to breach one of the key levels represented by 1231.49 support and 1344.00 resistance to detect the next targets clearly, noting that breaking the mentioned support will push the price to extend its bearish correction towards 1299.20 direct, while breaching 1344.00 will stop the correctional bearish pressure and lead the price to regain the main bullish trend again. Expected trading range for today is between 1315.00 support and 1350.00 resistance. Expected trend for today: Depends on the above mentioned levels

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Proposal for Photocard for Hallmarked Jewellery

Jewellers fear a drop in sales due to new Aadhar card rule

Jewellers are not a happy lot, and that's expected considering the government has made furnishing of Aadhaar card for purchase of gold worth Rs 50,000 and above mandatory. Several organisations of jewellers have reached out to the government seeking further clarification on the regulation as well as requesting a relaxation.

Gold little changed amid firmer equities

SEPT 13: Gold held steady on Wednesday amid firmer equities, with safe-haven demand for the metal supported after US President Donald Trump urged tougher measures against North Korea. Spot gold was unchanged at $1,331.11 an ounce by 0340 GMT. US gold futures for December delivery were up 0.2 percent at $1,335.80 an ounce. Asian stocks were slightly lower after earlier marking a near 10-year top, following record highs on Wall Street.

Gold Price Chart: Find all the latest gold rate chart and news

Gold held steady on Wednesday amid firmer equities, with safe-haven demand for the metal supported after US President Donald Trump urged tougher measures against North Korea.Gold prices rose by Rs 52 to Rs 29,995 per 10 grams in futures trade today as speculators raised their bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs 52 or 0.17 per cent to Rs 29,995 per 10 grams in a business turnover of 85 lots.

Gold rises Rs 52 on positive global cues

Gold little changed amid firmer equities

Gold falls below Rs. 31,000-mark; silver down at Rs. 41,650 per kg

NEW DELHI, SEPT 12: Gold prices slid Rs. 150 cracking below the Rs. 31,000-mark today due to a weak global trend. At the close, prices of the yellow metal stood at Rs. 30,850 per 10 grams. Easing demand from local jewellers as well as retailers also weighed on yellow metal prices. Appeal for safe haven assets like gold, Japanese Yen, Swiss Franc and treasuries faded on easing North Korean tensions and less than feared strength of hurricane Irma that battered the Florida coast of the US. Silver prices also dropped by Rs. 50 to Rs. 41,650 per kg on reduced offtake by industrial units and coin makers.

Gold Demand Stifled in Top Buyer by Prices, Laundering Curbs

Rising gold prices and government measures to enforce compliance in the Indian jewelry industry are deadening demand in the world’s second-largest bullion market at the start of the traditional festival season when buying usually explodes. “If you ask me, I wouldn’t purchase gold even if it was Diwali,” Prathamesh Mallya, chief analyst at Angel Commodities Broking, said by phone from Mumbai, referring to the Hindu festival of lights. “A lot of things have been happening across the globe that have been pulling up prices. And if North Korea sends another ballistic missile next week, you will see prices rising again.”

Gold smuggled in footwear, fish tins seized

In separate cases, officials of Customs Air Intelligence Unit (AIU) seized gold in various forms smuggled by four overseas passengers at Tiruchi international airport. While two seizures were made on Monday, the other two were made on Tuesday. The seized gold, totally weighing 437 grams, was concealed in footwear and fish tins.

Gold, silver futures up on global cues

NEW DELHI, SEPT 13: Gold prices rose by Rs. 52 to Rs. 29,995 per 10 grams in futures trade today as speculators raised their bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs. 52 or 0.17 per cent to Rs. 29,995 per 10 grams in a business turnover of 85 lots. The far—month December contract of gold was up by Rs. 51, or 0.17 per cent, to Rs. 30,140 per ten grams in a business volume of two lots. Gold rose by 0.33 per cent to USD 1,331.40 an ounce in New York.

Gold drops from a 1-year high to its lowest level in a week

Gold prices dropped Monday to settle at their lowest level in just over a week, after ending last Friday at their highest since early September. Investment demand for the precious metal dulled as tensions between the U.S. and North Korea and concerns surrounding Hurricane Irma eased back. Strength in the dollar and U.S. equities also pressured prices for the metal. December gold GCZ7, -0.42% fell $15.50, or 1.2%, to settle at $1,335.70 an ounce. That was the lowest finish since Sept. 1. The decline followed Friday's settlement at $1.351.20, which was the highest for a most-active contract since Sept. 6, according to FactSet data.

Gold And Bitcoin Surge On North Korea Fears

If you’re familiar with ABC’s popular reality show Shark Tank, you should already be familiar with the concept behind the San Antonio Angel Network (SAAN). Select entrepreneurs and innovators pitch their startup ideas to accredited investors, who can choose to make early-stage investments in a potentially successful company.

Efforts on to revive Gold Monetisation Scheme

Efforts are being made to revive the Gold Monetisation Scheme in a bid to mobilise idle gold lying with Indian households. Around 25,000 tons, valuing almost half of India’s GDP, of idle gold is lying with Indian households, according to the World Gold Council estimates.

Gold knocked back to over 1-week low as record-high stocks lure investors

Gold prices fell for a second session Tuesday, settling at their lowest in over a week as a prevailing tide of investors continued to take their chances on further upside in equities, snubbing haven assets. Gold for December delivery GCZ7, +0.31% fell $3, or 0.2%, to settle at $1,332.70 an ounce, holding ground at their lowest finish since Sept. 1, according to FactSet. The SPDR Gold Shares ETF GLD, +0.10% was up less than 0.1%.

Gold diggers: Buried treasure shows Vikings hoarded precious metals

A Danish farm field has yielded a priceless harvest: a buried treasure of Viking gold necklaces, arm rings and other precious objects that could help shed light on the relationships among the Viking elite. Metal-detector enthusiasts and archaeologists have uncovered roughly three pounds of gold from the field, almost all of it discovered in the last 18 months. The cache, known as the Fæsted hoard, is the second-largest known haul of Viking gold and the biggest in Denmark.

Gold, silver futures up on global cues

NEW DELHI, SEPT 13: Gold prices rose by Rs. 52 to Rs. 29,995 per 10 grams in futures trade today as speculators raised their bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in October was trading higher by Rs. 52 or 0.17 per cent to Rs. 29,995 per 10 grams in a business turnover of 85 lots. The far—month December contract of gold was up by Rs. 51, or 0.17 per cent, to Rs. 30,140 per ten grams in a business volume of two lots. Gold rose by 0.33 per cent to USD 1,331.40 an ounce in New York.

Silver Stocks – The Biggest Beneficiaries of Rally in Gold Prices

Gold falls below Rs. 31,000-mark; silver down at Rs. 41,650 per kg


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