Precious Metals – The precious metals specialists · Buying and selling of precious metals (gold, silver, platinum, palladium, rhodium, ruthenium, iridium), Silver as a Precious Metal and Investment.
Gold Silver Reports — Gold futures consolidated a little yesterday as poor speculative demand capped the metal. Prices have witnessed a sharp recovery from lows near $1200 per ounce and currently linger just under $1230 per ounce, almost unchanged on the day. MCX Gold futures also ended flat around Rs 28500 per 10 grams.
Gold Silver Reports ~ India’s place in the Gold market is special if you check some facts about gold consumption. The country’s appetite for the yellow metal is something that should be written in golden letters in the annals of the history of gold. The country’s greed for gold is validated by the latest import bill.
India’s imports of the precious metal surged to $3.80 billion in December from $1.36 billion in the yearago period. The imports of gold more than doubled as suggested by the import bill. The increase in imports might be due to the surge in demand observed in December prompted by the gold price slump in 2015.