Commodity Trade Mantra

Posts Tagged ‘Gold Monetization Scheme’

India's Silver and Gold Imports Strong Despite Government's Perpetual Obstruction

While India’s gross gold bullion import in 2015 reached the third highest amount ever at 947 tonnes and gross silver bullion import reached the highest amount ever at 8,504 tonnes, the Indian government is perpetually trying to obstruct the populace from protecting their wealth. Yet the Indian people did not substantially buy less gold – and did buy substantially more silver.

Indians Urged To Give Up Their "Idle Gold" For The Good Of The Nation

Indians would be allowed to deposit their gold with banks & earn interest, while banks will be free to sell the gold to jewelers, thereby boosting supply. When stripped of its pompous rhetoric, what India is offering is simple: a gold-for-paper exchange, which in a culture where gold has been the definition of money for centuries, would likely be a non-starter from the beginning.

India Issues Its First Sovereign Gold Coin… to Curb Gold Imports

It’s estimated that less than 10% of all Indian gold demand is in bars & coins. That might change this month as the India Government Mint will issue its first-ever sovereign gold coin, just in time for the fall festival season, which kicks off Nov 11. The gold coin will reportedly feature the Ashoka Chakra, the traditional 24-spoked symbol that appears on India’s national flag.

China Center Stage In This Week’s Gold Market Review

The managing director for the Far East region at the World Gold Council said that a gold upheaval is unlikely when the U.S. raises interest rates. Instead, higher rates may create adjustments in the gold market. Morgan Stanley sees gold prices under pressure for the rest of the year. – Strengths, weaknesses, opportunities & threats in the gold market.

follow us

markets snapshot


Market Quotes are powered by Investing.com India

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook