Gold dipped in the line of expectation settled with a fall -1.16% after data showed the US economy’s growth rate was unchanged in the first quarter and first-time filings for jobless benefits last week fell slightly. Gold investors will be closely watching US data in the Q2 for clues as to the likelihood of a […]
Gold remains within its range of $1,525 to $1,600 an ounce from the last three weeks, although it is heading for its biggest loss for the month of May in 30 years.“The yellow metal has ended the month of May with around a 6% loss. Its fourth consecutive monthly loss and worst May performance since […]
Gold and Silver in minus zone, may topple further. Gold prices traded listless, as a weaker Euro capped the upside. Political uncertainty in France and Greece is exerting lower pressure on the complete commodity complex. Copper futures fell at MCX in the last week as weak Chinese export and import data signaled a bearish demand […]
Gold, Copper and Energy prices rallied on Friday, sending commodities broadly higher, after data showing softer U.S. economic growth in the first quarter raised the prospect of more stimulus from the Federal Reserve. The weaker-than-expected data on U.S. gross domestic product pushed the dollar down despite pressure on the euro from a downgrade of Spain’s […]
While silver has remained weak for the third day straight, Gold had hit a fresh over four months high by adding Rs 200 to per grams on high seasonal buying support. On the other hand, silver lost Rs 200 per kg on reduced offtake by coin makers and industrial units. Gold has become popular because […]
All the jewelers declared today also that, till the day the government won’t withdraw all the imposed excise duties on the unbranded jewellery, they will continue with their nationwide strike. The strike started from March 17. The jewellery shopkeepers submitted their petitions to the state governments, Commissioners of excise, MPs and MLAs for getting a […]
India’s gold future extending gains for the fifth session in a row, to the highest in more than five weeks, prompting physical traders to remain on the pipelines, dealers said. The most active gold for the month of April delivery on Multi Commodity Exchange was 0.52% higher at 28, 796 rupees per 10 grams, after […]
Magma Fincorp, the famous retail finance NBFC has planned to start with their gold finance business in the first half of the next financial year and will be able to clear all the regulatory hurdles in beginning with their new business. Magma Fincorp Logo “We are a non-deposit taking non-banking financial company (NBFC) and the […]
