Gold Silver Reports – The tougher job for the Federal Reserve’s new chairman as he presides over his first gathering of the central bank’s policy-setting committee is deciding what to do next.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold Prices Plunge by Rs 460 on Weak Global Cues, Fall in Demand
Gold Silver Reports – Gold Prices Plunge by Rs 460 on Weak Global Cues, Fall in Demand — Gold prices tumbled by Rs460 to Rs31,390 per 10 grams at the bullion market on Wednesday, snapping their four-day rising streak due to subdued global cues amid slump in local jewellers’ demand. Silver also fell by Rs250 to Rs39,300 per kg owing to reduced offtake by industrial units and coin makers.
London Metal Exchange Copper Eased
Gold Silver Reports – London Metal Exchange Copper Eased — London copper drifted lower on Tuesday as a firm dollar dictated direction in a thinly traded market, with holidays in top metals user China.
Israel to Export Natural Gas to Egypt in $15 Billion Deal
Gold Silver Reports – Israel to Export Natural Gas to Egypt in $15 Billion Deal — The lead partners in Israel’s largest gas fields said they signed a $15 billion export deal with Egypt, adding an economic dimension to what until now has been a security-focused relationship between former regional rivals.
$1.8 Billion PNB Fraud Threatens to Create Liquidity Problems in Gems, Jewellery Sector
Gold Silver Reports – PNB Fraud Threatens to Create Liquidity Problems in Gems, Jewellery Sector — The $1.8 billion fraud at Punjab National Bank (PNB) committed by billionaire jeweller Nirav Modi threatens to dry up funding for India’s gems and jewellery industry, as banks move to tighten their loan processes and seek higher collaterals.
India’s Gold Demand up 9% to 727 Tonnes in 2017, says WGC Report
Gold Silver Reports – India’s gold demand grew by 9.1% to 727 tonnes in 2017 due to low prices coinciding with Dhanteras, positive economic backdrop and improved consumer sentiment especially in rural areas, according to a World Gold Council (WGC) report.
Gold Prices Edge up on Global Cues, Jewellers’ Buying
Gold Silver Reports – Gold Prices Edge up on Global Cues, Jewellers’ Buying — Gold prices edged higher by Rs20 to Rs31,270 per 10 grams at the bullion market on Monday, backed by a firm trend overseas and fresh buying by local jewellers. However, silver prices dropped further by Rs300 to Rs39,500 per kg due to reduced offtake by industrial units and coin makers.