Silver price outlook mixed even as Comex drained and global GDP diverges
Bullish analysts expect silver prices to rise 10% as Comex vaults are drained, global GDP divergences persist and the USD weakens.
Source: invezz.com
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Gold sales may remain low due to confusion about auspicious time
Amid rising gold prices, sales of the precious metal may take a hit during Akshaya Tritiya. Jewelers say that compared to last year, this time the sale of | BLiTZ
Source: weeklyblitz.net
Record high prices to weigh on demand for gold
The demand for gold is expected to take a hit if the price of the yellow metal - which has been hovering around Rs 60,000, a level never seen before - remains elevated. Due to a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is quoted at around Rs 59,000 per 10 gram. Typically, overall demand in the January-March and July-September quarters is moderate-to-dull, which is the case in the ongoing period.
Source: rediff.com
UAE deal poses a survival challenge for Indian bullion refineries
BY RAJESH BHAYANI Gold import from the UAE at a lower rate of duty -- in terms of an agreement -- has posed a survival challenge for the Indian refining industry while hurting the price discovery of the metal, with the India International Bullion Exchange starting operations at GIFT City. The problem has arisen after
Source: thenorthlines.com
The Silver Lining For Silver
As far as precious metal commodities go, silver is distinct from gold, not only in terms of color, but also in terms of use value.
Source: valuewalk.com