China to Start Yuan Based Gold Price Fix in April

China to Start Yuan Based Gold Price Fix in April

Gold Silver Reports – China has been quietly accumulating a significant amount of gold bullion in recent years. They are now the top producer and top consumer of gold in the world. They are believed to keep all of their domestic production, plus import significant amounts from other nations. In addition, they have been buying up gold mines around the globe at steep discounts and bringing home gold they had stored in London, New York and Switzerland.

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Jisne Anyaypurwak Dhaan Ekahtta Kiya Hai: Chanakya

Jisne Anyaypurwak Dhaan Ekahtta Kiya Hai Aur Akad Kar Sada Sir Ko Uthaye Rakkha Hai Aise Logo Se Sada Door Raho… Aise log Swaym Par Bhi Boojh Hote Hain Inhe Shanti Kahi Nahi Milti – Chanakya

India is One of The Top Consumers of Gold

India is One of The Top Consumers of GoldGold Silver Reports – India is one of the top consumers of Gold thanks to the people’s unrelenting love for the yellow metal. But, the country lacks a solid regulator to monitor the decisions taken about Gold. The idea of a National Gold Board is currently being mooted.

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Crude Oil Futures Reach New Record High

Crude Oil Futures Reach New Record HighGold Silver Reports – The Tokyo Commodity Exchange’s average daily volume for December 2015 was 101,127 contracts, up 0.3% from November 2015. Volume for Gold standard and Gold Daily futures, TOCOM’s most active contracts, were both down.

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Young Money Solutions

Young Money SolutionsGold Silver Reports – Keep your spending mindful and your savings mindless. That’s one key bit of financial advice for millennials from Karen Carr, a 27-year-old certified financial planner with Society of Grownups, a personal finance education and planning company based in Brookline, Mass.

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Wall Street Entered The 2nd day of Trading of 2016

Gold Silver Reports >>> Wall Street entered the second day of trading of 2016 on the defensive as investors still reeled from a global stock sell-off Monday and evaluated the most recent steps taken by Chinese authorities to stabilize markets and reduce jitters.

Overnight, shares in mainland China stabilized with the help once again from government intervention in markets a day after a 7% plunge prompted an early halt to trading in what was the worst start to the year ever for China stocks.

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Indian Mills Produced 79.85 Lakh Tonnes Sugar

Indian Mills ProducedGold Silver Reports ~ The mills across India have produced 79.85 lakh tonnes of sugar as on 31 December, 2015, according to the latest data released by Indian Sugar Mills Association(ISMA). The new output is 6.5% higher as compared to last season’s production for the corresponding period.

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Rupee Bonds Cheaper Than Loans

Rupee Bonds Cheaper Than LoansGold Silver Reports >>> Rupee bond issuance will probably rise to a record this year as notes offer companies savings of as much as 1 percentage point over loans.

Offerings will range between 4 trillion rupees ($60 billion) and 4.5 trillion rupees in 2016, according to nine of 20 bankers surveyed by Bloomberg. Six respondents predicted even higher sales and five forecast lower. ONGC Mangalore Petrochemicals Ltd., a project by India’s biggest energy explorer, is planning a debut sale, while mortgage lender Housing Development Finance Corp. is looking to raise at least 5 billion rupees.

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