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Gold Silver Reports – India Brass, Copper Scrap Prices Show Uptrend; Copper Futures slightly down — India’s major brass and copper scrap commodities prices showed an uptrend on the Scrap Register Price Index as on Friday, while copper futures prices at India’s Multi Commodity Exchange settled down as the dollar rose after US jobs growth surged in January and wages rose, recording their largest annual gain in more than 8-1/2 years.
Gold Silver Reports – Copper Producers Switch to Provisional Pricing; Aim to Avoid Losses — In a major shift in strategy, downstream copper producers (manufacturers of wires, cables, pipes and tubes, etc.) have started fixing their product prices on provisional basis, a practice similar to primary metal producers.
Gold Silver Reports – India to Bar Cryptocurrencies From its Payments System: Finance Ministry official — India is planning steps to ensure cryptocurrencies are illegal within its payments system, while at the same time appointing a regulator to oversee unregulated exchanges that trade in “crypto assets,” a finance ministry official said on Monday.
Gold Silver Reports – Gold Prices Edge up on Global Cues, Jewellers’ Buying — Gold prices edged higher by Rs20 to Rs31,270 per 10 grams at the bullion market on Monday, backed by a firm trend overseas and fresh buying by local jewellers. However, silver prices dropped further by Rs300 to Rs39,500 per kg due to reduced offtake by industrial units and coin makers.