Gold Silver Reports → Gold snapped a three-day losing streak on Wednesday, in choppy trade that saw the metal swing between gains and losses around the key $1,200 an ounce level as stock markets consolidated recent gains.
Budget 2016 Discipline
Gold Silver Reports → Modi looking to continually narrow the budget deficit, another way to identify priority areas would be to analyze which ministries have been able to implement existing allocations.
India Rupee, Bonds Drop on Concern Global Funds to Cut Holdings
Gold Silver Reports → Reserve Bank of India Governor Raghuram Rajan is rebuilding the country’s foreign reserves as he sees an unavoidable slide in the rupee until the war on inflation is won.
MMTC-PAMP India Pvt; “It’s Not that they Won’t Buy Gold,
Gold Silver Reports → While global investors have piled into gold as a haven from financial turmoil in 2016, the metal’s best start to the year in more than three decades has tempered the enthusiasm of buyers in India.
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Goldman Sees Bullion Prices Dropping to $1,000 in 12-Months
Gold Silver Reports → Investors have been pouring into the precious metal in search of a haven as global equity markets tumbled and expectations for increases in U.S. interest rates were reined in.
Gold Rebounded the Biggest Drop in Almost 7-Months
Gold Silver Reports → Gold rebounded the biggest drop in almost seven months as a stock-market rally ran out of steam, while Goldman Sachs Group Inc. said the metal’s surge to a one-year high last week wasn’t justified.
Bullion is Seen Dropping to $1000 in 12 Months, Bank Says
Gold Silver Reports → Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day.
Jeera Ready for Fresh Buying, Open interest 10.90%
Gold Silver Reports → Jeera settled up by 3.69% at 15020 on rising demand from stockists and traders at the spot market. Though, Good weather conditions for cumin crop in Gujarat and limited export demand, capped some gains. Jeera supply reported lower in the Unjha spot market as new arrivals started lower quantity. Sources revealed that, Jeera sowing is delayed by 20 – 25 days in Gujarat as a result new Jeera crop arrivals will delay compared to normal arrivals time.
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