Petronet Revise LNG Contract to Lower Indian Prices

Gold Silver Reports – Qatar’s RasGas Co. agreed to cut the price of gas it supplies to Petronet LNG Ltd. by almost half from Friday under an existing 25-year contract with India’s biggest gas importer.

Under the revised terms, Petronet will pay RasGas $6 to $7 per million British thermal units, compared with about $13 earlier, India’s Oil Minister Dharmendra Pradhan told reporters in New Delhi on Thursday. A penalty for taking less-than-contracted volumes this year amounting to about 120 billion rupees ($1.8 billion) on Petronet has been waived by the Qatari company, he said.

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I Will Be Stronger

This is the year I will be stronger, braver, kinder and unstoppable. This year I will be fierce.

Nifty Ends Near 2 Month High

gsr-share-market-neal-bhai-reportsGold Silver Reports – The Nifty staged a late rebound on Friday to end at its highest level in nearly two months after public sector banking shares led financials higher, while gains in stocks such as Tata Motors (TAMO.NS) also provided some support.

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Gold Heads For 3rd Annual Loss

Gold Silver Reports – Gold was steady on Thursday but poised to mark its third straight annual loss, ahead of what is likely to be another tough year with the prospect of higher U.S. interest rates and dollar strength.

Largely influenced by U.S. monetary policy and dollar flows, the price of gold has fallen about 10 percent in 2015 as some investors sold the precious metal to buy assets that pay a yield, such as equities.

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7 bold Reports About Gold for 2016 New Year

gsr-comex-gold-5Presidential election year politics will disrupt markets, leading to a strong year for physical gold and rare coins in 2016, and a drop in the Dow Jones stock market average, predicts Michael Fuljenz, an award-winning precious metals and numismatic writer and President of Universal Coin & Bullion in Beaumont, Texas (www.UniversalCoin.com).

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Indian Agri Markets Hopeful of Positive in 2016 New Year

gsr-Agri-commodity-neal-bhai-reportsGold Silver Reports – Ahead of the New Year, Agri markets managed to stage a bounce back even as trading activities remained low in the mandis.

Traders anticipate the new year to bring in some positive sentiments for the Agri counters with recovery expected from these low levels.

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ETFs in Gold Monetisation Scheme

Gold Silver Reports – The gold exchange traded funds can now invest in India’s Gold Monetisation Scheme(GMS). The Securities and Exchange Board of India (SEBI) has issued a circular giving approval for this.

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