Gold Silver Reports (GSR) — Gold Demand on Akshaya Tritiya 2018 — First off, “investing in gold is not the same as buying gold for consumption. If you plan to buy gold for your daughter’s wedding or to gift your wife, that shouldn’t be counted as investment. Jewelry has emotional value and people generally don’t wish to sell it except in times of extreme financial distress. In addition, making charges during purchase and breaking charges during sale make jewelry unattractive as a form of investment,”
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Base Metals Prices Broadly Down, Aluminium Runs into Profit-Taking; LIVE FUTURES REPORT
Gold Silver Reports (GSR) – Base Metals Prices Broadly Down, Aluminium Runs into Profit-Taking; LIVE FUTURES REPORT — The most-traded June aluminum contract on the SHFE traded at 14,850 yuan ($2,363) per tonne as of 11.30am Shanghai time, down by 70 yuan per tonne from Tuesday’s close.
ICICI Bank Erases Gains After A Block Deal
Gold Silver Reports (GSR) – ICICI Bank Erases Gains After A Block Deal – Shares of the private sector lender early gains and fell as much 0.8 percent to Rs 289.55. About 20 lakh shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
Alberta Readies Oil Embargo in Kinder Pipeline Battle
Gold Silver Reports (GSR) – Alberta Readies Oil Embargo in Kinder Pipeline Battle – Alberta on Monday introduced legislation allowing it to halt exports of oil and gas to B.C., ramping up pressure on the coastal province to drop its opposition to the pipeline expansion. Alberta Premier Rachel Notley made clear she doesn’t expect to have to use the new powers, but wants to make sure the province has every available tool in its fight to ensure the Trans Mountain expansion gets built.
Russia Sanctions Throw Global Aluminum Industry Into Chaos
Gold Silver Reports (GSR) – Russia Sanctions Throw Global Aluminum Industry Into Chaos — As producers like Rio hunt for new buyers for their bauxite and sources of alumina to feed smelters, the global chokepoint created by the sanctions means that many of the miners, refiners and smelters that should be benefiting from surging prices are actually facing challenges just to keep their operations running. For aluminum smelters, suspending operations is a worst-case scenario and restarting is very expensive.
MCX Zinc Strong Support @202—199 level
Gold Silver Reports (GSR) – MCX Zinc Strong Support @202—199 level — Zinc on MCX settled up 1.23% at 205.20 gained on short covering and tracking LME zinc which rose 0.5 percent to $3,131.50 a tonne as investors wagered the latest U.S.-led strike on Syria would not escalate into a wider conflict, though Asian equities turned mixed as selling in bank shares slugged Chinese indexes.
Anil Agarwal, Chairman At Vedanta
Anil Agarwal, Chairman At Vedanta
☄ We have completed NCLT procedure
☄ Have sweetened the bid for Electro steel.
☄ Have hiked offer by Rs 500 crore for Electrosteel Steel to Rs 5,000 crore.
☄ Great pride for Vedanta Group to add value to assets like Electrosteel Steels.