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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

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last year's strength boosted by gold prices' biggest annual decline in 32 years.However, plenty of 2013-dated and other outdated gold coins at lower premiums in thesold a total of 37,500 ounces of American Eagle gold bullion...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

Chidambaram rules out lifting ban on import of gold coins

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 theHe said traders can buy gold from the domestic market and make coins, but the government...
Source : Oneindia |
Category : National

Government has not banned banks from selling gold coins: Finance Ministry

has not banned banks from selling gold coins, Parliament has been informed."The government has not banned banks from selling gold coins. However, RBI has prohibited import of gold in form of coins and medallions," Minister of State for FinanceSeeking to reduce the import of gold, the Reserve Bank on August 14 had prohibited inward shipment of gold coins, medallions and dores without licence.The measure...
Source : The Economic Times |
Category : Business

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

Gold prices fall by Rs 625 on sluggish demand, global cues

Gold prices tumbled by Rs 625 to Rs 31,100 per ten grams in Delhi on the back of sluggish demand and weak global trend. However, silver prices held steady at Rs 54,300 per kg in scattered buying from industrial units and coin makers.Speculation that the US Federal Reserve will reduce monthly debt purchases this month pulled down gold prices globally. Gold prices in London, which is the benchmark for...
Source : Ndtv |
Category : Commodities

Gold recovers by Rs 130 to Rs 30,130 on scattered buying

Gold prices recovered by Rs 130 to Rs 30,130 per 10 grams in the national capital on Wednesday on scattered buying by stockists for the wedding season demand.However, silver declined further by Rs 300 to Rs 43,000 per kg on reduced offtake by industrial units and coin makers.Traders said some buying for the marriage season mainly helped gold prices to recover.Reduced offtake by industrial units and...
Source : Ndtv |
Category : Others | City : New Delhi

Chidambaram rules out lifting ban on import of gold coins

inance Minister P Chidambaram on Tuesday 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...
Source : Rediff |
Category : Business