Gold Silver Reports (GSR) – Gold Down on Dollar Strength, Easing North Korea Tensions — Spot gold was down 0.1 percent at $1,329.04 per ounce at 0335 GMT. The yellow metal rose 0.5 percent on Tuesday to break a three-session losing streak. U.S. gold futures eased 0.2 percent to $1,330.60 per ounce.
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MCX Silver Support Level 38353, Buy on Dips Target 39444—40125
Gold Silver Reports – MCX Silver Support Level 38353, Buy on Dips Target 39444—40125 — Technically Silver market is under long liquidation as market has witnessed drop in open interest by 0.27% to settled at 18729 while prices down 98 rupees.
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.
The Government Gets Ready to Accept Gold as an Asset Class
Gold Silver Reports (GSR) – The Government Gets Ready to Accept Gold as an Asset Class — In the Union Budget 2018, finance minister Arun Jailtley announced the government’s intention to formulate a comprehensive gold policy, to develop gold as an asset class. In his speech, the minister said that the government will establish a system of consumer-friendly and trade-efficient and regulated gold exchanges in the country.