28th November, 2017

Tuesday, November 28

The Bank of England is to publish its financial stability report.
Canada is to report on raw material price inflation.
The U.S. is to release data on consumer confidence.
Fed governor Jerome Powell, selected by President Donald Trump as the next Fed chair, appears before the Senate Banking Committee for his confirmation hearing.
Philadelphia Fed President Patrick Harker is to speak.
Bank of Canada Governor Stephen Poloz is to speak at an event in Ottawa.
The Reserve Bank of New Zealand is to publish its financial stability report.

Daily Gold Market Report

Gold touches the first target – Analysis - 28-11-2017
Gold price touched our first waited target at 1299.20 and shows slight bearish bias now, where the price affected by stochastic negativity, noticing that the indictaor appraihces from the oversold levels, reinforcing the chances for resuming the bullish bias in the upcoming sessions. Therefore, we belive that the chances available for trading positively for today, and braeching 1299.20 will extend the bullish wave to reach 1321.50 as a next main station, taking into consideration that breaking 1281.17 will stop the expected rise and pushes the price to decline. Expected trading range for today is between 1280.00 support and 1305.00 resistance. Expected trend for today: Bullish

Daily Silver Market Report

Silver is frozen – Analysis - 28-11-2017
The tight range remains the dominant on Silver price trading, which moves near 17.00 level, therefore, there is no change on our positive expectations that depend on the stability above 16.56 level, supported by stochastic positivity, waiting for braeching 17.43 level to confirm the extension of the bullish wave to 18.30. Expected trading range for today is between 16.95 support and 17.25 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

Silver Jewellery: Why To Choose It Over Gold

It's more affordable, need not be stored away in a locker and adds a lot of style -- these are some of the reasons why you could go for silver rather than gold jewellery, say experts. Experts at Jaypore.com and Bhavya Chawla, Chief Stylist at Voonik.com have listed why silver is in: * Silver jewellery is more affordable and also, gold jewellery designs can be replicated easily in silver. Customers are moving towards silver jewellery as it has loads of interesting designs and is great to complement your outfit for day to day wear.

Silver Stocks will be the Most Rewarding Bet Going Forward

The silver stocks have really languished this year, grinding sideways to lower for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q3’17 results reveal today’s silver prices remain profitable.

Gold falls to Rs. 29,447 at futures trade

NEW DELHI, NOV 28: Gold prices fell 0.17 per cent to Rs. 29,447 per 10 grams at the futures trade as participants cut down bets amid a weak global trend. At the Multi Commodity Exchange, gold prices for delivery in December fell Rs. 50 or 0.17 per cent to Rs. 29,447 per 10 grams in a business turnover of 245 lots. Also, the metal for delivery in February declined by Rs. 37 or 0.13 per cent to Rs. 29,550 per 10 grams in 23 lots.

Gold Flirts With $1,300

Gold futures climbed above $1,300 an ounce for the first time in six weeks as the dollar wavered and investors braced for an onslaught of economic data and political news. Bullion rose for the third time in four days as a gauge of the dollar traded close to the lowest since September. A report later this week is forecast to show the Fed’s preferred gauge of inflation slowed in October, after Chair Janet Yellen cautioned last week that raising rates too quickly risks stranding inflation below the central bank’s target.

Gold holds near six-week high ahead of Fed chair hearing

Gold prices on Tuesday held near a six-week high hit in the previous session, supported by a weaker dollar ahead of a congressional hearing on U.S. Federal Reserve chair nominee Jerome Powell and a possible Senate vote on U.S. tax reforms. * Spot gold was up 0.1 percent at $1,295.31 an ounce at 0120 GMT. On Monday, the metal touched a high of $1,299.13 an ounce, its highest since Oct. 16

Gold miner with plans to dig in N Ireland secures £45m injection

A small gold miner operating in a remote part of Northern Ireland has secured a cash injection of almost £45m to help develop what it claims is one of the world’s best gold deposits. Dalradian Resources, which is listed in London and Toronto, said it had applied for permission to develop a mine in the Sperrin Mountains, County Tyrone, leading to the payment from two investment groups. “This is a big vote of confidence by international investors in Northern Ireland,” said Dalradian’s chief executive Patrick Anderson.

India's gold imports to jump to over 700 tonnes in FY18: GJEPC

India's gold imports will jump to over 700 tonnes in the current fiscal as against 500 tonnes in 2016-17, a top industry association said on Monday. Addressing a press conference, Gems and Jewellery Export Promotion Council (GJEPC) Chairman Praveen Shankar Pandya demanded that the import duty on gold be brought down to 4-5 percent in the Budget, asserting that the prevailing 10 per cent import duty on the yellow metal gives rise to smuggling.

Welsh gold: Colwyn Bay auction of £8,000 of nuggets

Ten lots of Clogau gold nuggets and flakes will go under the hammer at Rogers Jones Co in Colwyn Bay, Conwy county, on Tuesday. It is thought the gold, mined under a government lease between 1979 and 1981, could fetch up to £8,700. Auctioneer David Rogers-Jones said: "It's absolutely unique as far as we're concerned, we've never had raw Welsh gold like this before."The smallest nugget available weighs 3g (0.1oz) and has a guide price of £600-£700.

Gold Opens Above 50-Day Moving Average For First Time Since October 16

Gold prices opened above its 50-day moving average for the first time in more than a month. The primary distinction between then and now is the fact that on October 16 gold prices opened above its 50-day moving average and closed lower on the day, but still above that critical technical average. That created a long candle that can be identified is a hangman.

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