MMTC to Sell Gold Bars on Amazon

MMTC to Sell Gold Bars on AmazonGold Silver Reports — MMTC to Sell Gold Bars on Amazon — MMTC PAMP that runs a London Bullion Market Association (LBMA) refinery in Haryana, has decided to use emarket places to sell its minted gold coins and bars as it feels that investment demand for gold in India will increase in 2017 compared to 2016. The company has already tied up with e-tailing firm Amazon and more tie-ups are on the cards.

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Tickets for Toilets: A Blockbuster Idea!

Tickets for Toilets: A Blockbuster Idea!

Gold Silver Reports — A Puducherry official wins, offers villagers free tickets to Kabali if they build toilets

The Swacch Bharat campaign needs innovation to get people to build toilets. Now, superstar Rajinikanth’s appeal is irresistible.

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Indian Economy on Recovery Path

Gold Silver Reports — Ahead of the meeting of finance ministers and central bank governors of G20, the IMF said India’s economy is on a recovery path while cautioning that any deceleration in the pace of reforms will weigh on growth.

In a surveillance report released on Thursday, the IMF said lower oil prices, positive policy actions and improved confidence have helped India’s growth prospects. 

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Glut Adds More Pain to US Crude Oil

Glut Adds More Pain to US Crude Oil

Gold Silver Reports — A glut of refined products has worsened the alreadygrim report for US crude oil for the rest of the year and the first half of 2017, traders warned this week, as the spread between nearterm and future delivery prices reached its widest in five months. 

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Gold Rebounded From a Three-Week Low

Gold Rebounded From a Three-Week Low

Gold Silver Reports – Gold rebounded from a three-week low after the European Central Bank said it may add stimulus as needed once it has a clearer picture of the Brexit vote’s economic impact.

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Crude MCX Down Side Support at 3010

Crude MCX Down Side Support at 3010

Gold Silver Reports — The rally stalled after the two benchmarks breached the $50 psychological barrier in May amid worries that higher prices will add to production.

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Silver Expected Trading Zone 45385-47050

Silver Expected Trading Zone 45385-47050

Gold Silver Reports — Silver on MCX settled down -2.02% at 46072 on higher equities and as the dollar hit a four-month high following strong US economic data, which raised expectations that the Fed may raise rates before the end of the year.

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