The primary purpose of this blog (Prithviraj Kothari 's view on Bullion Markets - MD, RSBL (RiddiSiddhi Bullions Ltd.)) is to educate the masses of the current happenings in the Bullion world.

Gold might rally soon : RSBL (28/05/2017)
Gold has performed quite well over past few years. In late 2015 it touched $1,050 an ounce, it had a nice progression into 2016 and 2017. Here we are in 2018, and the gold price has been up above $1,300 through most of the year, and it looks like it’s very well supported, for varied reasons.

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Gold to rise soon : RSBL (21/05/2017)
Gold prices closed the week below $1,300 an ounce for the first time this year, after posting the largest weekly decline since December 2017. The biggest drop was on Tuesday when the precious metal plunged more than 2%.

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Reserve Bank of India adds 2.5 tonnes of gold to forex reserves in Q4 : RSBL (14/05/2017)
This was the first instance of gold being added to the forex reserves since 2009.The Reserve Bank of India (RBI) has added 2.5 tonnes of gold to foreign exchange reserves for the quarter ended March 2018 in two tranches.

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Increase in gold exploration dollars spent not yet reflected in new discoveries : RSBL (03/05/2017)
Although gold exploration budgets have fallen from a ten-year peak in 2012, spending on finding new gold ounces remains at historically high levels, a report from S&P shows. It points out that $54.3-billion has been allocated to gold exploration over the past decade, almost 60% higher than the $32.2-billion spent over the preceding 18-year period. However, the increase in dollars spent has not yet resulted in more new discoveries or discovered ounces compared with the previous period.

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As dollar strengthens, the yellow metal weakens : RSBL (01/05/2017)
Spot gold was up 0.1 percent at $1,318.52 past week, not far from a low of $1,315.06 hit in the previous session, it’s weakest since March 21. The metal was on track to finish the week down more than 1 percent for its second consecutive weekly decline and the biggest weekly drop in four.

The strength of the U.S. dollar - combined with the weakness of the euro zone currency after (ECB chief) Mario Draghi’s speech - is pushing down the yellow metal.

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This blog contains my opinion, which is not to be construed as investment advices. Information provided in these blogs is intended solely for informative purposes and is obtained from sources believed to be reliable.