Bullion Report of 04-03-2021
Gold held near the lowest level in almost nine months as bond yields continued their ascent, damping demand for the metal which doesn’t offer interest. While we don’t expect U.S.…
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Bullion Report of 03-03-2021
Gold steadied as investors weighed comments by a Federal Reserve official on the recent gyrations in Treasury markets and the impact on monetary policy going forward.
Bullion Report of 02-03-2021
Gold dropped to the lowest level in more than eight months amid waning demand for the haven asset as investors weighed a rising dollar and fluctuations in Treasury markets.
Top 5 Factors Affecting Gold Prices
Gold ETF Holdings, Interest Rates, US 10 year Treasury Bond yield, CFTC Holdings and Dollar Index are top 5 Factors affecting Gold prices.
Bullion Report of 01-03-2021
Gold prices are struggling near 8-month lows in Indian markets, down ₹12,000 from record highs. Bullion has fallen more than 8% this year as traders focus on a recovery from…
Reasons For 20% Fall in Gold and what’s next
Gold sell off Bullion is down more than 9% in 2021 and 21% from August 2020 highs after posting its best annual gain in a decade. Reasons for 20% fall…
Death Cross Forming in Gold Amid Rising Bond Yields
Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its…
Government revamps gold monetisation scheme to unlock tonnes of unused gold in India
Monetisation Scheme The government on 9th February 2021 launched a revamped Gold Monetisation Scheme that seeks to unlock an estimated 25,000 tonnes of idle gold lying at Indian households, involving…
Gold price changing its course after import duty cut
Gold Prices have reversed in course with the start of February, falling 4% last week. The main headlines of last week were Gold Import Duty cut by Government in Budget…
Union Budget 2023 Review for Bullion Industry
The import duty on silver bars and silver doré has been increased and is now aligned with that of gold and platinum. Moreover, the conversion of physical gold into EGR and vice-versa has been exempted from Capital Gains – this will enable EGRs to become more popular.
Import duty cut in budget would plunge the precious metals
After gaining more than 1% in the previous week, Precious Metals struggled to preserve its bullish momentum and edged lower during the first half of the week. Although the pair staged…
Bullion Traders Need to Wait for Prolonged Consolidation
Gold traders that were hoping for a boost in gold prices following President Biden’s election have been unruly disappointed. Biden’s plan to introduce spending of $1.9 trillion, a figure that…