Gold Silver Reports ~ Indian Silver demand has increased as per reports. An Economic Times article informs that the imports for 2015 is likely to be about 7,500 tonne. This marks a 10 per cent surge compared to the silver imports in 2014.
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Gold Silp as Equities Rally, Crudeoil Zoom 8 percent
Gold Silver Reports ~ Gold slip on Friday as hints of more monetary stimulus from the European Central Bank weighed on the euro and pushed stocks higher, denting appetite for alternative assets.
Crude Oil NYMEX Up in Asia
Gold Silver Reports ~ Crude oil held prices gains in Asia on Friday in a bargain-hunting rally that follows recent sharp falls and shrugging off a stronger dollar.
PM Modi launched the Gold Monetisation Scheme on Nov 5
Gold Silver Reports ~ The government will pay banks a 2.5 percent commission to unlock the country’s massive stash of gold under a new monetisation scheme, the RBI said, as the ambitious plan received a poor response from banks and customers.
Gold Falls as Equities Recover
Gold Silver Reports ~ Gold fell on Thursday after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in global stocks curbed risk aversion.
Gold Ticks Up as Stocks Fall
Gold Silver Reports ~ Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion’s safe-haven draw, although the metal was restricted to narrow ranges.
China GDP Grows at Slowest; Gold Slip
Gold Silver Reports ~ Gold slip mildly on Tuesday in spite of a slightly lower dollar as annual GDP in China grew at its slowest pace in a quarter century last year, dampening demand enthusiasm for the precious metal in the world’s second-largest economy.