Gold Silver Reports – Samvat 2073 proved to be rewarding for most sectors on Dalal Street, barring healthcare; while other sectoral indices on BSE surged up to 43% since last Diwali, the BSE Healthcare index slipped 13%.
India Tightens Gold Import Norms For Export Houses
Gold Silver Reports – India tightened gold import norms for export houses by restricting them from importing the yellow metal only for export purposes and not for selling in the domestic market, the government said in a circular on Wednesday.
Crude Prices Rise on Expected fall in US Inventories, Geopolitical Tensions
Gold Silver Reports – Crude Prices Rise on Expected fall in US Inventories – Brent oil prices rose to a three-week high on Wednesday as weekly US crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk premiums.
Gold Prices Fail to Sparkle in Mumbai on Diwali
Gold Silver Reports – Gold Prices Fail to Sparkle in Mumbai on Diwali – Gold prices slumped for the second day by Rs120 per 10 grams at the bullion market in Mumbai on Wednesday, taking weak cues from global market amid slackened demand from jewellers and retailers.
Full Text of RBI’s Monetary Policy Minutes
Gold Silver Reports – Full Text of RBI Monetary Policy Minutes -Worry that rising consumer prices will threaten the Indian central bank’s inflation target of 4% led the majority of the Reserve Bank of India’s monetary policy committee to vote to keep rates steady, according to minutes issued on Wednesday. Here is the full text of the bi-monthly monetary policy statement of RBI’s Monetary Policy Committee.
Dhanteras Gold Sales Fall 30%
Gold Silver Reports – Gold demand remained subdued this Dhanteras, with overall sales falling by 30% compared with the 2016 festival season, but consumer purchases were higher than those recorded during Navratri and Dussehra late last month.
Gold Prices Very Very Soon 28000
Gold Silver Reports – Gold Prices Very Very Soon 28000 – The volatility in gold markets continues to spook investors with host of factors ranging from the nuclear prowess of the North Korean peninsula and the words of war exchanged by the two nations, followed by the interest rate hike by the US Federal Reserve, which many in the markets feel will happen as soon as December. The aftermath of the hurricane IRMA and Harvey also added to the momentum in the gold prices.