17th April, 2018

Tuesday, April 17

The Reserve Bank of Australia is to publish the minutes of its latest policy setting meeting.
China is to release data on first quarter economic growth, fixed asset investment and industrial production.
The UK is to publish its latest employment report.
The ZEW Institute is to report on German economic sentiment. Canada is to produce data on manufacturing sales.
The U.S. is to report on building permits, housing starts and industrial production.
San Francisco Fed President John Williams is due to speak at an event in Madrid while Fed Governor Randal Quarles is to speak in Washington.

Daily Gold Market Report

Gold needs the positive momentum – Analysis - 17-04-2018
The tight range continues to dominate Gold price intraday trades, noticing that stochastic begins to get rid of its negative momentum now, on its way to head towards the oversold areas, which supports the chances of resuming the main bullish trend, which its targets begin by testing the previously recorded top at 1365.97 again. Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that breaking 1335.40 will stop the expected rise and push the price to return to the correctional bearish track again. Expected trading range for today is between 1335.00 support and 1370.00 resistance. Expected trend for today: Bullish

Daily Silver Market Report

Silver approaches the resistance – Analysis - 17-04-2018
Silver price continues to provide the sideways trading, confined between 16.15 support and 16.80 resistance, thus, no change to our sideways bias overview on the intraday basis until the price manages to breach one of the mentioned levels followed by detecting the next destination clearly. The details of the expected targets after the breach are explained in our previous reports. Expected trading range for today is between 16.45 support and 16.90 resistance. Expected trend for today: Sideways

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

Silver's Bullet

Commodity funds are betting that the metal is headed for a fall. The net short position that money managers have in Chicago silver futures touched a record 39,604 contracts earlier this month, coming back slightly to 36,417 in the most recent report out Friday. That's equivalent to about 182 million troy ounces, or 5,663 metric tons. Meanwhile, the less specialist group investing via exchange-traded funds is taking the other side of the trade. Total ETF holdings in silver reached 665.4 million troy ounces Thursday, an eight-month high.

Silver Trading 'Oversold' on Record High Short Position

SILVER TRADING among hedge funds and other speculators last week stepped back from the most bearish position on record, but the metal remains "oversold" and "vulnerable" to a swift jump in price according to several analysts.Betting on metal prices by trading silver futures and options contracts at the Comex and ICE exchanges, speculators in early April held a net negative position equal to a record 6,159 tonnes.

Gold Prices Fall Today, Silver Rates Decline: 5 Things To Know

Gold prices dropped to Rs. 32,000 per 10 grams at the bullion market on Monday. Demand was seen easing from local jewelers, despite steady prices in the international gold market, market observers said. Gold prices declined by Rs. 100 per 10 grams on Monday while silver shed Rs. 100 to RS 39,900 per kilogram on reduced offtake by industrial units and coin makers, news agency Press Trust of India reported. A slowdown in buying by jewellers and retailers at prevailing levels at the domestic spot market dampened the sentiment, according to traders.

Gold crosses Rs 31k-mark, silver rallies

Gold prices today reclaimed the Rs 31,000-mark by climbing Rs 275 per 10 grams to end at Rs 31,095 at the bullion market here today following sustained demand from stockists and retailers amid ongoing festivities. Silver also rose by Rs 305 per kg to Rs 38,785 on persistent offtake from industrial units. Standard gold (99.5 per cent purity) climbed by Rs 275 to end at Rs 31,095 per 10 grams from last Friday's closing level of Rs 30,820. Pure gold (99.9 per cent purity) also moved up by the similar amount to close at Rs 31,245 per 10 grams compared to Rs 30,970 previously.

GOLD RUSH How to buy and sell gold or silver in the form of bars and what are ingots?

There are several advantages to buying gold and silver, such as stability and having something that will hold its value for generations. Just being able to physically own some gold or silver is an advantage in itself. Although, be prepared to spend some serious money to get a whole gold ingot. Here is what you need to know about gold and how to buy and sell it.

Silver futures edge up to Rs 39,015 per kg

Silver prices inched higher by Rs 88 at Rs 39,015 per kg at the futures trade as speculators indulged in creating fresh positions, even as the metal weakened overseas.At the Multi Commodity Exchange, silver for delivery in May was trading higher by Rs 88 or 0.23 per cent at Rs 39,015 per kg in a business turnover of 366 lots. Likewise, the white metal for delivery in far-month July rose Rs 78 or 0.20 per cent to Rs 39,555 per kg in 34 lots.

Gold ETFs or sovereign bonds: Where should you invest this Akshaya Tritiya?

Buying gold on Akshaya Tritiya is a tradition followed by many Indians for years now as it is considered auspicious and is thought to bring good luck. Even though the price of gold has not moved much over the past five years, many still flock to buy gold. Now, if you are looking at investing in paper gold this Akshaya Tritiya you can do so either through Gold exchange-traded funds (ETFs) or Sovereign Gold Bonds (SGBs). Here, unlike physical gold, you will not get physical possession of the yellow metal instead you hold it as an investment which can be redeemed when you need it. You can invest in SGBs through banks, Stock Holding Corporation of India, designated post offices, and stock exchanges like NSE and BSE. Units of gold ETFs can be purchased stock exchanges through brokers. Here is a closer look at SGBs and ETFs.

Gold prices steady on weaker U.S. dollar, trade tension support

BENGALURU (Reuters) - Gold prices were steady on Tuesday as the U.S. dollar remained on the back foot, with the metal supported by festering worries over U.S.-China trade tensions.“Despite a quietening of negative headlines overnight, its unlikely we’ve seen the last of China trade tensions or a weaker U.S. dollar for that fact. All of which continues to provide the most apparent reasons to own gold,” said Stephen Innes, head of trading for Asia-Pacific for OANDA in Singapore.

ETF Manager Renounces Emerging Markets to Pile Into Gold

What do you do when you’re sure global stocks are running out of gas, rising rates are about to pummel bonds and your models show the only emerging market worth a bet is India? You buy gold, of course. Fritz Folts did just that earlier this year after slashing his holdings of exchange-traded funds backed by stocks and cutting to zero his exposure to broad emerging-market ETFs, focusing instead on the U.S. and Japan. He says the positive growth momentum and favorable investor psychology that drove equities in 2017 diminished this year, and markets aren’t paying enough heed to the next round of U.S. Federal Reserve hikes.

Gold Heist: Queen’s 'Heart Of Gold’ Disappears From French Museum

(Kitco News) - Thieves in France got away with the priceless 16th-century gold case that once contained the heart of Queen Anne de Bretagne — the only woman who was crowned queen of France twice. The disappearance of the gold case has really angered the local population, who say that the historical value of the piece is immeasurable. The case even survived not being melted down during the turbulence following the French Revolution in 1789.

Gold declines to Rs 32,000 on weak global cues, muted demand

Gold prices declined by Rs 100 to Rs 32,000 per ten gram at the bullion market today, tracking a weak trend overseas amid easing demand from local jewellers. Silver followed suit and shed Rs 100 to Rs 39,900 per kg on reduced offtake by industrial units and coin makers.

Gold Weekly: The Rally Is Coming!

To do so, I analyse the recent changes in speculative positions on the Comex (based on the CFTC) and ETF holdings (based on FastMarkets' estimates) in a bid to draw some interpretations about investor and speculator behavior. Then, I discuss my global macro view and the implications for monetary demand for gold. I conclude the report by sharing my trading positioning.

Why you shouldn't buy gold this Akshaya Tritiya

NEW DELHI: Buying gold on Akshaya Tritiya is widely considered to be auspicious. Many view the event as a good opportunity to invest their money. However, in terms of buying gold as an investment, the scenario has undergone quite a change with the annual returns going down by more than half in the past 20 years. Over the last three years, gold has fetched a lower return of 4.68 per cent from 10.05 per cent earlier.

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