Gold Prices Down 2.2% in India in H1-2014, While up 3.2% in the US

As the curtains were drawn on the first half of the calendar year 2014, a flashback to the Gold prices reveals a divergent trend between the prices in India and United States (US). For the records, the MCX Gold futures (Indian Gold Prices) for 24 karat Gold have declined by 2.2 per cent (Rs 646) to Rs 27,776 in the…

Jewellery Makers, Retailers Cheer RBI Move on Gold Imports

Indian retailers and jewellery makers have a reason to cheer, as easing Gold prices are likely to bring lot of relief to upcoming heavier expenses during this wedding season in India. The Reserve Bank of India timing on removing the import curbs and allowing new players to import Gold under the 20:80 scheme could not be timed better. As per…

Gold Prices Going Downhill, Is it Time to Buy Gold?

After a fairly positive start to the year, Gold prices have been declining off late mainly on two counts – one the US Federal Reserve decision to cut stimulus for the US economy by another $ 10 billion, and the other a technical sell signal as per the daily charts. At the start of the calendar year the forecast was…

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