Monday, June 1st 05:10 PM

During last fortnight, the tariff value on imported gold was stood at $398 per 10 grams and on silver at $567 per kg...Continue

Aureus achieves first Gold pour at New Liberty project

  • New Liberty had an estimated proven and probable mineral reserve of 8.5-million tons, with 924 000 oz of gold grading 3.4 g/t and an eight-year mine life.

Turkey's trade deficit plunges as Gold exports surge

  • The country's trade deficit was stood at $4.97 billion in April, down 31.9% as compared with $7.29 billion a year earlier, latest data from the state statistics office showed on Friday.

NCDEX introduces new online platform 'Gold Now'

  • The Gold Now platform will provide an impetus to the domestic recycling industry, which at present consists of 17 refineries.

DGCX expands ties with Chinese market with China Futures Association MoU

  • The Dubai Gold & Commodities Exchange (DGCX) further expanded its relationship with the Chinese derivatives market with the signing of a Memorandum of Understanding (MoU) with the China Futures Association (CFA).

Chinese Gold imports from Hong Kong hit 8-month low in April

  • China imported a total of 750 tons of gold from Hong Kong in 2014, down 32% from a record 1108.8 tons in 2013.

DGCX's MoU with Bank of China seeks to increase interaction b/w UAE, China

  • The Dubai Gold & Commodities Exchange (DGCX) has announced the signing of a Memorandum of Understanding with the Bank of China (BOC). The agreement creates a framework for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.

Q3 2015 may be the weakest quarter for Gold: Barclays

  • Barclays maintains the view that third quarter of this year is likely to be the weakest quarter for gold, given that they expect the Fed to start increasing rates in September, but the potential downside is likely to be limited, given we enter the seasonally strong period for consumption.

Russia, Kazakhstan add more Gold to reserves in April

  • Kazakhstan's central bank raised its gold holdings by 2.441 tons to 200.851 tons last month, marking the 31st straight month of growth.

Australian Gold production declines in Q1

  • Australian gold production hit 69 tons for the first three months of the year, down five tons or 7% on the previous quarter.
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