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GOLDM prices decline 0.65% on MCX

12-06-2013| Source:Moneycontrol.com

MCX GOLDM August contract was trading at Rs 27714 down Rs 185, or 0.66 percent. The GOLDM rate touched an intraday high of Rs 27865 and an intraday low of Rs 27705.

Gold futures ease from two-month high

12-06-2013| Source:Reuters

Indian gold futures eased from their highest level in nearly two months weighed by a reversal in the rupee, which hit a record low in the previous session.The actively traded gold for August delivery

Gold steadies near $1,380/oz as stock markets stabilise

12-06-2013| Source:Reuters

Spot gold was at $1,378.10 an ounce at 0922 GMT, little changed from $1,378.99 late on Tuesday. The precious metal has fallen around half a percent so far this week.

Gold extends losses as China holiday weakens support

12-06-2013| Source:Reuters

China's gold imports from Hong Kong touched an all-time high in March as buyers scrambled to buy bullion, and the surging appetite caused a supply shortage in April. Premiums for gold bars in China

What are govt's policy options to check rupee slide?

12-06-2013| Source:Moneycontrol.com

not expect any change in the very near term given the paucity of demand from FIIs.Curbs on gold: According to the government, the impact of measures to curb gold is being felt, and gold imports are expected

Gold, silver to trade negative on weak global mkts: Angel

12-06-2013| Source:Moneycontrol.com

Angel Commodities has come out with its report on precious metals. According to the research firm, in today's trade, gold and silver prices are expected to trade with an negative bias on the back

GOLDGUINEA prices decline marginally on MCX

12-06-2013| Source:Moneycontrol.com

MCX GOLDGUINEA August contract was trading at Rs 22322 down Rs 49, or 0.22 percent. The GOLDGUINEA rate touched an intraday high of Rs 22357 and an intraday low of Rs 22252.

No further action on gold imports: Economic Affairs Secy

12-06-2013| Source:Reuters

The government has recently raised import duties on gold to eight percent and the central bank has put curbs on gold financing by banks to put a brake on gold imports, which have been a key reason

Gold prices decline marginally; August contract down 0.4%

12-06-2013| Source:Moneycontrol.com

MCX GOLD October contract was trading at Rs 27999 down Rs 86, or 0.31 percent. The GOLD rate touched an intraday high of Rs 28025 and an intraday low of Rs 27938.

Titan sees RBI rule impacting interest costs significantly  

12-06-2013| Source:CNBC-TV18

The new RBI rule making it mandatory for gold imports to be paid in cash upfront will push up Titan Industries' interest costs, as the company was till now buying gold on six months credit

Sell gold & crude: Sushil Finance  

12-06-2013| Source:CNBC-TV18

Ashish Shah of Sushil Finance suggests traders to go short on gold at current levels. He also believes that increased inventories and strong supply in crude may put its prices down. Shah recommends

Titan down 9% as RBI gold import curbs seen hurting margin

12-06-2013| Source:Moneycontrol.com

Titan sells nearly 16-18 tonnes of gold every year, 80 percent of which is on lease basis. The company will now have to buy this on a spot basis or literally on a cash & carry basis.

Buy MCX Gold at Rs 28070; target Rs 28190: Dani Commodities

11-06-2013| Source:Moneycontrol.com

Dani Commodities has come out with its report on commodities. According to the research firm, Gold for August delivery is trading down USD 3.2 at USD 1382.8 per ounce on the New York Mercantile

Gold prices slip on MCX, August contract dips 0.8%

11-06-2013| Source:Moneycontrol.com

MCX GOLD October contract was trading at Rs 28015 down Rs 176, or 0.62 percent. The GOLD rate touched an intraday high of Rs 28471 and an intraday low of Rs 27886.

Sell MCX Gold August; target Rs 27700: Geojit Comtrade

11-06-2013| Source:Moneycontrol.com

Geojit Comtrade has come out with its report on metals and energy. According to the research firm, one can sell MCX Gold August around Rs 28000 levels with a stop loss above Rs 28150 for target of Rs

Why Anand Rathi is positive on rupee from 1 yr horizon?

11-06-2013| Source:Moneycontrol.com

Fall in commodity prices, particularly crude oil, would bring down India's oil imports. Excluding gold, India has seen current account surplus in eight out of last twelve years. Falling gold prices

Titan says RBI issues clarifications on gold import norms  

11-06-2013| Source:Moneycontrol.com

According to Titan, credit for gold import has been prohibited by RBI, which will affect import of gold through all non-consignment routes like gold on lease.

Expect Crude oil to fall on higher inventories: Emkay

11-06-2013| Source:Moneycontrol.com

Emkay's research report on commoditiesPrecious Metals:US Comex gold futures for August delivery settled up USD 3 an ounce at USD 1,386, with trading volume about 50 percent below its 30-day average

Gold imports have fallen considerably: Raghuram Rajan  

11-06-2013| Source:Moneycontrol.com

Large part of rupee decline was due to dollar strength. This may current account deficit larger than previous months. Gold imports have fallen considerably and we expect significantly lower gold

Karvy Commodities recommends to sell Gold, Silver

11-06-2013| Source:Moneycontrol.com

Brokerage house Karvy Commodities Broking is bearish on bullion and has recommended traders to remain on sell side in gold and silver, in its research report dated June 11, 2013.