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UK Royal Mint Has Run Out Of 2014 Sovereign Gold Coin, Promises More To Come

days after the debut of a 2014 Sovereign gold coin, the U.K. Royal Mint reportedly announced that buyers have depleted their stock of the coins. The Royal Mint also said they expect to stock the coin again by the end of the month.“Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating,” the...
Category : Business

Rare Coins Lure Emerging Market Buyers to N.Y. Convention

cookies.Pedro I gold 6400 Reis 1822-R, the first coin struck in independent Brazil, fetchedPedro I gold 6400 Reis 1822-R, the first coin struck in independent Brazil, fetched $499,375 in New York this week. Heritage Auctions, which sold the piece, said the price was an auction record for an Brazilian coin.Pedro I gold 6400 Reis 1822-R, the first coin struck in independent Brazil, fetched $499,375 in...
Source : Bloomberg |
Category : Others

Chidambaram rules out lifting ban on import of gold coins

Finance Minister P Chidambaram today ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that the government should allow import of coins for 'shagun'...
Source : DNA |
Category : Others | City : Mumbai

Chidambaram rules out lifting ban on import of gold coins

Finance Minister P Chidambaram today ruled out the possibility of lifting a ban on import of gold coins and medallions and asked banks to strictly follow guidelines restricting inward shipments of the metal."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, referring to a suggestion that the government should allow import of coins for 'shagun'...
Source : Ndtv |
Category : Others | City : New Delhi

US Mint's gold coin starts 2014 with strong sales

BoxSales of the US Mint's new 2014-dated American Eagle gold coins were brisk on the first business day of the year.coins were brisk on the first business day of the year, extending last year's strength boosted by gold prices' biggest annual decline in 32 years.However, plenty of 2013-dated and other outdated gold coins at lower premiums in thesold a total of 37,500 ounces of American Eagle gold bullion...
Source : The Economic Times |
Category : International

Prince George coin priced at £50,000

Commemorative coins marking the christening of Prince George will be priced at between £13 and £50,000, the Royal Mint has announced.Twenty-two of the most expensive coins will be struck containing a kilogramme of fine gold each. A range of coins at different prices are being struck.It is the first time that new UK coins have been produced to mark a royal christening.The Archbishop of Canterbury, the...
Source : BBC |
Category : International

Gold tumbles on stockists selling, global cues

Gold tumbled by Rs 210 to Rs 30,040 per ten grams in the national capital today on heavy stockists selling triggered by a weak global trend.Silver also dropped by Rs 800 to Rs 42,600 per kg on poor offtake by industrial units and coin makers.Traders said stockists selling in tandem with a weak global trend mainly pulled down gold and silver prices.Gold in Singapore, which normally sets price trend...
Source : Ndtv |
Category : Commodities | City : New Delhi

Gold sales down by 50% on Dhanteras day

Gold sales on Dhanteras day today are down by about 50 per cent despite lower price as sluggish demand for bars and coins amid high inflation and weak economic outlook dimmed the sparkle of the precious metal.Gold prices are ruling at Rs 31,400 per 10 grams in the national capital, lower than Rs 32,485 on the last Dhanteras."There is a drastic fall in gold demand due to weak economy and inflation,"...
Source : DNA |
Category : Others | City : Mumbai

Gold recovers on stockists buying, global cues

Gold prices recovered by Rs 200 to Rs 30,400 per ten grams in the national capital today on fresh buying by stockists for the marriage season amid a firm global trend.Silver also moved up by Rs 320 to Rs 45,120 per kg on increased offtake by industrial units and coin makers.Traders said stockists buying for the marriage season amid a firm global trend mainly led the recovery in gold prices.Gold in...
Source : Ndtv |
Category : Commodities | City : New Delhi

Ban on import of gold coins and medallions to stay: P Chidambaram

waNobody can import gold coins and medallions," he said, adding that banks have been told to strictly follow guidelines on gold imports.after he received suggestions that government should allow import of coins for 'shagun' (auspicious gift) purposes."Import of gold coins and gold medallions is prohibited. Nobody can import gold coins and medallions," he said, adding that banks have been told to strictly...
Source : The Economic Times |
Category : Business
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