Get it India
November 4, 2009 by goldguru · Leave a Comment
By Greg Peel The biggest official (central bank) holder of gold in the world is the US, with around 8,000 tonnes. Next in line is Germany with about 3.4kt, followed by the International Monetary Fund with 3.2kt. Then come France and Italy before China slips in ahead of Switzerland and Japan. The gold “owned” by [...]
Gold, Silver, Metal Prices: Commentary – 10/30/2009
October 30, 2009 by goldguru · Leave a Comment
GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]
Weddings spur Indian gold buying
October 30, 2009 by goldguru · Leave a Comment
Gold buying is still at high levels in India as jewellers look to stock up on the precious metal for the wedding season. Indian weddings traditionally call for gold gifts to be made to the bride and with the festival season seen as an auspicious time to get married, purchases are still going strong in [...]
Indian gold imports soar between August and September
October 30, 2009 by goldguru · Leave a Comment
New figures have revealed that Indian gold imports surged by 72 per cent between August and September as a result of higher demand ahead of the festival season. According to the Bombay Bullion Association, imports rose from 21.8 tonnes in August to 37.5 tonnes last month, the Economic Times reports.The news feeds on this site [...]
FLSmidth wins major Indian coal handling project
October 30, 2009 by goldguru · Leave a Comment
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India Read more….
Vedanta unit Sesa Goa under fraud investigation
October 29, 2009 by goldguru · Leave a Comment
India’s Sesa Goa, a $5-billion unit of London-listed metals group Vedanta Resources, is being investigated by the Indian government for financial and other irregularities. India’s largest iron-ore exporter said on Thursday it and its unlisted Sesa Industries (SIL) subsidiary were under investigation by the Serious Fraud Investigation Office (SFIO), and the probe had to be [...]
Vedanta Resources unit investigated by fraud
October 29, 2009 by goldguru · Leave a Comment
Sesa Goa is being investigated by the Indian government for financial and other irregularities Read more….
India MMTC tender set to boost SA coal
October 27, 2009 by goldguru · Leave a Comment
The South African coal market is set to be boosted further by India’s state-owned trading firm MMTC’s tender for 12,5-million tons, Indian traders participating in the tender said. Indian demand for South African coal has been the most important factor supporting prices at over $60/t FOB Richards Bay throughout this year. Read more….
Jewellery demand picks up India as gold prices drop
October 27, 2009 by goldguru · Leave a Comment
Marriage-related buying picks up in India Read more….
Chinese Citizens Significantly Increasing Gold and Silver Ownership
October 23, 2009 by goldguru · Leave a Comment
Mark O’Byrne submits: Gold Gold closed Friday night trading at $1,058.70/oz. In euro and GBP terms gold is trading at €704.55/oz and £642/oz. Gold looks set for its fourth week of gains (if it can remain above $1,053/oz) and this would be bullish technically. While fears about the Chinese economy may have led to some [...]
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