Thursday, July 2nd 10:42 AM

For last fortnight, the tariff value of gold was fixed at $385 per 10 grams and silver at $519 per kg...Continue

US Mint Gold, Silver coin sales rise in June

  • The US Mint's American Eagle silver coin sales reached 4.84 million ounces in June, also the highest since January and more than doubled from 2.02 million ounces a month earlier.

Morgan Stanley, Standard Chartered join Gold fix panel

  • Further new participants are expected in the coming weeks, including China Construction Bank who are on track to become the 11th direct participant.

Russia's Gold reserves rise to 40.2 mn oz as of June 1

  • The value of its holdings fell to $47.88 billion from $48.29 billion a month earlier, the bank said.

India proposes Gold-linked bonds to curb bullion imports

  • These bonds will be issued in 2, 5, 10 grams of gold or other denominations; the tenor could be for a minimum of 5-7 years so that it would protect investors from medium-term volatility in gold prices.

Ghana's 2014 Gold revenues drop 17.4% to $3.8 bn

  • Ghana, Africa's second largest gold producer behind South Africa, exported 3.16 million ounces of gold last year, slightly lower than the 3.19 million ounces produced in 2013.

Bank of China joins LBMA Gold price benchmark

  • Bank of China is the first Chinese bank to join the Gold auction. IBA operates twice daily, physically settled, electronic and tradable spot gold auctions.

India maintains Gold import tariff value at $385/ 10 grams; reduces silver

  • The import tariff value is the base price at which customs duty is determined to prevent under-invoicing. It is revised on a fortnightly basis taking into account global prices.

India's Gold imports rise 10.47% in May

  • Gold imports stood at $2.19 billion in the same month of 2014. In April 2015, the imports rose 78.33% to $3.13 billion.

Precious Metals rise 1.29% in May on geopolitical risk: Credit Suisse

  • Precious Metals increased 1.29%, buoyed by heightened geopolitical risk and uncertainty over the Greek debt crisis, supporting demand for silver and gold.
Make your existing website fluid seen across all screens

Bullion Street Newsletter