Crude Oil Conspires With Politics to Drive Rupee Toward Record Low

Gold Silver Reports (GSR) – Crude Oil Conspires With Politics to Drive Rupee Toward Record Low — Brent crude rose above $80 a barrel last week for the first time since 2014, and is looking ominous for the nation’s budget deficit, inflation and the currency. Meanwhile, Modi faces the prospect of rival parties uniting to block his re-election bid after their success at a recent state poll.

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Flipkart to Burn Through $2 Billion Cash in 18 Months, in Battle with Amazon

Gold Silver Reports (GSR) – Flipkart to Burn Through $2 Billion Cash in 18 Months, in Battle with Amazon — Flipkart Ltd is likely to burn through as much as $2 billion in cash over the next 18 months—an affirmation that sales growth, rather than cutting losses, remains the top priority for India’s largest online retailer after its takeover by Walmart Inc.           

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Gold Prices Ready For ‘Test $1250’ as Dollar Rises

Gold Prices Ready For 'Test $1250' as Dollar Rises

Gold Silver Reports (GSR) – Gold Prices Ready For ‘Test $1250’ as Dollar Rises — GOLD PRICES touched the lowest level since the end of December at $1282 per ounce before bouncing back to $1285 while the US Dollar rose to a 5-month high versus its major peers on the currency markets.      

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Gold Prices Continue Down on Muted Demand

Gold Silver Reports (GSR) – Gold Prices Continue Down on Muted Demand — Gold prices slipped by Rs75 to Rs31,875 per 10 grams at the bullion market on Monday on easing demand from local jewellers amid weak trend overseas. Silver prices cracked below the Rs41,000-mark by falling Rs440 to Rs40,760 per kg due to reduced offtake by industrial units and coin makers.                    

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Gold Mine Operation in Tibetan County Close to Arunachal is Sovereign Right: China

India Fights Back Against Chinese

Gold Silver Reports (GSR) – Gold Mine Operation in Tibetan County Close to Arunachal is Sovereign Right: China — China on Monday defended its large-scale mining operations in a mineral-rich Tibetan county adjacent to the border with Arunachal Pradesh, asserting that the area belongs to it and Beijing enjoys full sovereignty to conduct such geological activities there.           

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