Gold Prices Will Rally Further, Reaching $1,800 Per ounce from just Above $1300

Gold Prices

Gold Silver Reports (GSR) – Gold Prices Will Rally Further, Reaching $1,800 Per ounce from just Above $1300 — Egyptian billionaire Naguib Sawiris said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while “overvalued” stock markets crash.                             

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Interglobe Aviation Stock Rebounds From Friday’s Sharp Fall

Gold Silver Reports (GSR) – Interglobe Aviation Stock Rebounds From Friday’s Sharp Fall – Shares of the Gurugram-based budget airline rebounded from Friday’s sharp fall and rose 0.7 percent to Rs 1,417.65. International brokerage JPMorgan has maintained an ‘overweight’ on InterGlobe Aviation stock for target price of Rs 1,690.        

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PC Jeweller Stock Rebounds On Proposal To Consider Share Buyback

Gold Silver Reports (GSR) – PC Jeweller Rebounds On Proposal To Consider Share Buyback – Shares of the Delhi-based jewellery retailer rebounded from its worst fall in over two months on Friday and rose as much as 17.55 percent to Rs 209. The stock snapped its 5-day losing streak after it informed exchanges that its board will meet on May 25 to consider a proposal to buy back its shares.

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Reliance Industries Stock Slips On Profit Miss In Q4

Gold Silver Reports (GSR) – Reliance Industries Stock Slips On Profit Miss In Q4 – Shares of the Mukesh Ambani-led oil-to-telecom conglomerate fell as much as 1.69 percent to Rs 977.95. – Reliance Industries Ltd.’s net profit rose for the eighth straight quarter aided by the petrochemicals business but missed analyst estimates.

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Gold Jewelers in India are Expecting a Cool Reception in the Short Term

Gold Jewelers in India

Gold Silver Reports (GSR) – Gold Jewelers in India are Expecting a Cool Reception in the Short Term — Joyalukkas Group has put an initial share sale of its jewelry business on hold and will revisit the proposal after national elections next year, Baby George, chief executive officer of the Kerala-based company, said in an interview Thursday. The fraud claims also have seen banks review funding for the gem and jewelry sector, he said. Gold jewelers in India are expecting a cool reception in the short term to any plans to publicly trade shares in the wake of an alleged $2 billion fraud by jewelers Nirav Modi and Mehul Choksi.                

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