15th January, 2018

Monday, January 15

Financial markets in the U.S. are to remain closed for the Martin Luther King Day holiday.

Daily Gold Market Report

Gold achieves more gains – Analysis - 15-01-2018
Gold price continues its bullish rally to approach our waited target at 1357.53, getting continuous positive support by the EMA50, waiting for more rise in the upcoming sessions, noting that breaching the mentioned level will extend Gold price gains to reach 1375.00 followed by 1405.00 on the short term basis. Therefore, the bullish trend will remain dominant in the upcoming period unless breaking 1321.49 level and holding below it, as breaking it will push the price to test 1299.20 areas again before any new attempt to rise. Expected trading range for today is between 1310.00 support and 1357.00 resistance. Expected trend for today: Bullish

Daily Silver Market Report

Silver completes the positive formation – Analysis - 15-01-2018
Silver price succeeded to breach the bullish flag's resistance that appears on the chart and rallies upwards to approach our first positive target at 17.43, which supports the expectations of continuing the bullish trend in the upcoming period, as breaching the mentioned level represents the key to rally towards 18.30 as a next main station. Therefore, the bullish trend will remain suggested on the intraday and short term basis unless breaking 16.55 level and holding below it. Expected trading range for today is between 17.20 support and 17.50 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

Gold / Silver / Copper Prices - Weekly Outlook: January 15 - 19

Investing.com - Gold prices rose for the third straight session on Friday to hit fresh four month highs after hawkish European Central Bank minutes boosted the euro to multi-year highs against the dollar.

Why gold is a dead investment

A recent newspaper report says higher crop prices have led to higher gold sales in rural India. Quoting people from the retail jewellery industry, it says gold sales in December 2017 were 15% higher than in the previous month. Of course, this can hardly be considered data because it does not provide comparisons with figures from matching periods in previous years. Even so, it may well be true. In any case the fact remains that gold is a major form of saving in rural and small town India. Increased prosperity, or even some spare cash, always leads to more gold being bought. Apart from a narrow set of people who have 'financialised' their savings, there remains a deep faith in gold that seems unshakeable at any scale less than that of decades, or even centuries.

Gold hits 4-month high as dollar index slumps to 3-year low

What glittered in 2017 was not Gold; Should you substitute it with Bitcoin?

Australian gold producers jump to 1-year high as price gains, dollar falls

Gold gains $21 in 3 days on T-bond selloff

Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York. Spot gold gained $21.40 between Wednesday and Friday, clearly benefiting from the fallout of a dramatic selloff of US government debt. February gold futures rose 0.29% to $1,338.80.

Gold Rush Gets Bizarre

MOHALI: Now that Chandigarh airport is international, smugglers and their innovative ways are not far behind. In fact, they have been trying to sneak in gold through the airport using the most bizarre methods — moulding the yellow metal into a vacumn cleaner's parts, making buttons and biscuits out of it, and some of them even placing it in their rectum.

Small scale gold producers target 35 tonnes output

Zimbabwe Miners’ Federation (ZMF) first vice president Ishmael Kanguru told NewsDay on the sidelines of the organisation’s strategic meeting with mining suppliers in Bulawayo on Friday that they have set themselves an ambitious target. “We are actually giving ourselves a 35-tonne target. We are hoping that we are going to get a lot of support from the Reserve Bank of Zimbabwe in terms of the loans in order for us to meet this target,” he said.

Gold loans may lose lustre

Golds loans, which were in high demand till a few years ago, may see a decline mainly due to the subdued future outlook of gold prices and the advent of fintech players, which has facilitated quicker credit appraisals by lenders. Golds loans, which were in high demand till a few years ago, may see a decline mainly due to the subdued future outlook of gold prices and the advent of fintech players, which has facilitated quicker credit appraisals by lenders.

Is This The Long Awaited Gold Breakout - Or Just Another Paper Market Head Fake?

Now everybody's asking the same question: Is this finally the start of the long-overdue run at gold's (and silver's) 2011 record-high, or just a case of futures speculators once again panic-buying themselves into an untenable long position, only to be fleeced by the big banks that dominate the paper markets? The commitment of traders (COT) report is not encouraging. In the current rally, the speculators (who are, remember, usually wrong at big turning points) have jumped back in with both feet and are now enthusiastically long while the commercials (usually right at big turning points) are once again aggressively short.

Gold futures jump to Rs. 29,660 on firm global cues

NEW DELHI, JAN 15: Gold prices firmed up 0.48 per cent to Rs. 29,660 per 10 grams at the futures trade due to speculative buying owing to the metal’s gains in global markets. At the Multi Commodity Exchange, gold for delivery in far-month April rose Rs. 142 or 0.48 per cent, to Rs. 29,660 per ten grams in business turnover of 36 lots. The metal for delivery in February was trading higher by Rs. 137 or 0.46 per cent at Rs. 29,684 per ten grams in 316 lots.

Gold Prices Echo US Dollar Weakness, Crude Oil Gains with Stocks

Gold prices pushed higher as the US Dollar failed to capitalize on even as CPI data showed core inflation unexpectedly accelerated in December. The outcome buoyed Treasury yields while the Fed rate hike outlook steeped but the greenback’s recent inability to find strength in tightening bets continued, with the anti-fiat yellow metal enjoying support by extension.

IBJA members can contact our Delhi regional office for any queries / suggestions regarding IBJA in the North region.
Address : B33, Ansal Chamber 2, Bhikaji Cama Place, RK Puram, New Delhi 110066.
Contact Person: Mr. K.P Singh on 9540230600.

IBJA members can contact our Gujarat regional office for any queries / suggestions regarding IBJA in the west region.
Address : Gems & Jewellery Trade Council of India "GJTCI" Gem Place, 3rd Floor, Deepkala House, C. G. Road, Ahemdabad - 380 009, Gujarat.
Contact Person : Mr. Shantibhai R. Patel  on 9327000093 / 079-26402573

India Bullion and Jewellers Association Ltd.
IBJA House, 2nd Agiary Lane, Zaveri Bazar, Mumbai - 400002.

Tel: +91-22 49098950 / 49098960
Fax:+91-22 23427459

©2015 Company name. All rights reserved.

www.ibja.co | www.iibsummit.in | www.ibjawards.in | www.ibjafashionshow.in | info@ibja.in