Friday, July 24th 02:08 PM

The government fixed import tariff value on gold at 354 per 10 grams, down from 376 per 10 grams earlier...Continue

Fresnillo raises 2015 Gold production outlook by 6.6%

  • Silver production for the quarter ended 30 June grew by 2.7% to 11.3 million ounces, while gold production rose 16.8% to 181,985 ounces.

US Gold output falls 9% Y/Y in Mar: USGS

  • Based on unrounded data, the average daily gold production for U.S. mines was 509 kg in March 2015, 543 kg in February 2015, 541 kg in January 2015, and 577 kg for full-year 2014.

Is Gold a "Pet Rock" or a Bedrock asset?

  • The story that should be investigated is why paper markets are not reflecting rising investment demand for the physical metal.

China Gold reserves at 53.31 mn oz as of June: Central Bank

  • The central bank earlier adjusted its reserve figure in April 2009, when the level was at 33.89 million troy ounces (1054 metric tons).

India cuts Gold import tariff value to $376 per 10 grams

  • 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.

Perth Mint Gold, Silver sales rise in June

  • The Mint's sales of gold coins and gold bars advanced to 31,019 ounces last month, rallying 43.1% from the 21,671 ounces sold in May. However, sales down 21.3% when compared to 39,405 ounces delivered in June 2014.

New Gold contract by MCX to help refiners, exporters, jewellers

  • Gold Global is an international price based contract, exclusive of import premium, customs duty, sales tax/VAT, and domestic market premium among others. The contract will be available for trade on the Exchange from Tuesday, July 14, 2015.

Centamin posts 33% rise in Q2 Gold production from Sukari

  • Preliminary total gold production for the quarter was 107,781 ounces, a 33% increase on Q2 2014 and in line with production in the first quarter 2015. Full year production is expected to be between 430,000 and 440,000 ounces.

Degussa Gold sales jump by upto 50% in H1 2015

  • In June the increase in sales amounted to even a surplus of nearly 60 per cent, which makes it the fifth highest monthly balance of the recent three and a half years.
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