Bullion is Seen Dropping to $1000 in 12 Months, Bank Says

Bullion is Seen Dropping to $1,000 in 12 Months, Bank Says

Gold Silver Reports → Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day.

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Jeera Ready for Fresh Buying, Open interest 10.90%

Jeera Ready for Fresh Buying, Open interest 10.90%Gold Silver Reports → Jeera settled up by 3.69% at 15020 on rising demand from stockists and traders at the spot market. Though, Good weather conditions for cumin crop in Gujarat and limited export demand, capped some gains. Jeera supply reported lower in the Unjha spot market as new arrivals started lower quantity. Sources revealed that, Jeera sowing is delayed by 20 – 25 days in Gujarat as a result new Jeera crop arrivals will delay compared to normal arrivals time.

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