Wednesday, April 1st 04:00 PM

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…..Continue

Peruvian Gold, Silver production advance y/y during February: MEM

  • Peruvian gold and silver production advanced year-on-year during February. Most of the yellow metal production came from the Yanacocha mine of Newmont Mining of Colorado and the Canadian company Barrick Misquichilca.

LBMA reports a sharp decline in Gold, Silver trading during February

  • London Bullion Market Association has announced a sharp decline in its gold and silver trading activities during February.

Commerzbank believes Indian Gold demand to pick up in April

  • Although Chinese demand has been disappointing, Indian gold demand is expected to pick up in April, where it is relatively subdued at present due to the fact that the fiscal year will be ending this week, said Commerzbank.

Dollar not the only driver of Gold: WGC

  • World Gold Council agrees that a strong US dollar may put pressure on gold, WGC analysis suggests that their relationship is asymmetric: gold prices rise more on a weak dollar than they fall on a strong dollar. Further, history shows that the portfolio benefits of gold outweigh the headwinds created by a strong dollar.

China eases Gold import norms; premiums may come down

  • At present only 15 banks are allowed to import Gold. Chinese consumers had to pay high premiums to ensure fast delivery of the yellow metal. The new move is likely to bring down premium on Gold. More competition can be expected which may lead to the dip in premiums.

Pakistan's Jul-Feb Gold imports plunge 91.63% Y/Y: PBS

  • Pakistan imported 354 kilogram of yellow metal worth of $14.476 million during the first eight months of current fiscal year as against 4,177 kilograms valuing $172.950 million during July-February 2013-14.

Data shows Chinese Gold demand up ahead of the Lunar New Year

  • According to Macquarie's calculations of Chinese customs data, the country imported 122 tonnes of gold in February, up 10% compared to January but 33% lower compared to February 2014.

Why Capital Economics still bullish on USD?

  • Although there are those who think the US dollar is poised for a reversal, economists at Capital Economics said some of their arguments may be flawed.

Gold will be caught between divestment, demand: Barclays

  • After testing December lows last week, gold prices recovered some lost ground to trade at two-week highs following the release of the March FOMC minutes. The more-dovish-thanexpected stance buoyed gold, but market positioning suggests there is still scope for downward pressure.
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