Gold Silver Reports – Gold prices edged lower on Wednesday, pressured by stronger equities and a firmer dollar amid speculation over who will be the next US Federal Reserve chief. Spot gold was down 0.2% at $1,273.70 an ounce and US gold futures for December delivery were 0.2% lower at $1,275.20 per ounce.
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Investors Are Dumping This Silver ETF at the Fastest Pace Since 2011
Gold Silver Reports – Investors Are Dumping This Silver ETF at the Fastest Pace Since 2011 – Silver has tumbled about 7 percent since trading at a four-month high in September as precious metals lose favor amid the record-breaking rally in U.S. equity indexes.
Global Gold Prices Up, But Stuck in Tight Range
Gold Silver Reports – Gold prices inched up on Tuesday on the back of a slightly weaker dollar, but traded in a tight range amid possibilities of an early announcement on the next US Federal Reserve chair.
Sovereign Gold Bond Rate Fixed at Rs2,971 per gram
Gold Silver Reports – The government has fixed the purchase price of sovereign gold bond (SGB) at Rs2,971 per gram. For the subscription period from 23-25 October, the issue price will be Rs2,971 per gram with settlement on 30 October, a finance ministry statement said on Saturday. This is part of SGB calender announced till December spread over 12 weeks.
Gold Prices Slip Rs100 on Global Cues
Gold Silver Reports – Gold prices fell by Rs100 to Rs30,650 per ten gram in Delhi the bullion market on Saturday amid a weakening global trend and muted demand from local jewellers. However, silver recovered by Rs50 to Rs40,850 per kg on scattered enquiries from industrial units.
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.