Spot gold was up 0.7% at $1,314.20 per ounce at 1012 GMT, after touching its highest since March 27 at $1,315.59. “Safe-haven buyers are coming back to gold again, due to tariff-talks, which is encouraging for the metal,” said Ross Norman, chief executive at Sharps Pixley.
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Salzer Electronics to Buy 72% stake in Kaycee Industries in All Cash Deal
Gold Silver Reports (GSR) – Salzer Electronics Limited, which offers electrical solutions, on Monday signed a deal to acquire a 72.32 per cent stake in Kaycee Industries Limited in an all cash deal. Salzer will make an offer to purchase a 26 per cent additional stake from public for a total equity value of Rs 22 crores.
Physical Gold Prices Up On Jewellers’ Buying
Gold Silver Reports (GSR) – Physical Gold prices rose by Rs. 200 to Rs. 32,870 per 10 grams on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Gold Futures Up on Spot Demand
घरेलू बाजारों में ताजा स्थिति के बीच सटोरियों की लिवाली से बुधवार को वायदा कारोबार में सोने का भाव 0.03 प्रतिशत बढ़कर 31,425 रुपये प्रति 10 ग्राम हो गया।
कमोडिटी मार्केट में म्यूचुअल फंडों की एंट्री का रास्ता साफ
The way in the commodity market is clear about the investment of mutual funds. SEBI has set guidelines for this. Under this, funds are allowed to invest in commodity futures. In addition, Gold ETFs have also been included as derivatives products.
GBP: Fool’s Gold
RUB: More OFZ issuance — It looks like the Russian Finance Ministry is taking advantage of the current favourable sentiment and front-loading a lot of OFZ issuance. Today sees another unlimited auction of 2024 and 2030 OFZs. Foreign appetite has been good and while these flows may temporarily support the rouble, we stick to the view that a less favourable balance of payments environment over coming months could send USD/RUB to 66.
