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Gold body mulls working with exchange on rate benchmark

The London Bullion Market Association is considering whether to partner with an exchange to produce its gold-lending reference rate to ensure it can meet tighter rules coming on financial benchmarks, its new head said.The Gold Forward Offered Rate (GOFO), the equivalent of LIBOR for the gold market, is used as a benchmark for dealers, central banks and others to swap gold for U.S. dollars with miners...
Source : Yahoo Finance |
Category : Personal Finance | City : London

Indian Bullion industry welcomes RBI move to ease Gold import norms

led to gold prices tumbling by Rs 800 per 10 gms to Rs 28,550 per 10 grams in the bullion market.Analysts said that bullion market also took bearish cues from global market which fell on US Fed Reserve views on t..Indian bullion industry by and large have welcomed the Reserve Bank of India (RBI) decision to eas gold import norms for select trading houses in the country.This led to gold prices tumbling...
Source : Commodity Online |
Category : Commodities

Gold falls to 2-week low on weak demand; sliver gains

Gold dropped further and hit a two- week low, closing below the key Rs 28,000 per 10 grams mark on the bullion market...
Source : Times Of India |
Category : Business

Gold, silver recover on renewed demand

Both gold and silver recovered on the bullion market here today on renewed demand from retailers and stockists....
Source : Times Of India |
Category : Business

Gold prices gain; outlook on base metals

Gold staged a strong recovery at the domestic bullion market on renewed demand from jewellery stockists and retailers backed by wedding seasonal off-take.Quotes...
Source : Yahoo Finance |
Category : Personal Finance

Despite no Budget sops, gold zooms on buying

Gold rose sharply and reclaimed the key Rs 28,000 per 10 grams mark at the bullion market here...
Source : Times Of India |
Category : Business

BULLION-OPENING

Following are the opening rates in the Chennai Bullion market today....
Source : Chennaionline |
Category : Headlines

Gold body mulls working with exchange on rate benchmark

gold bangles to a customer at a jewellery showroom on the occasion of Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, at a market in Mumbai November 1, 2013.(Reuters) - The London Bullion Market Association is considering whether to partner with an exchange to produce its gold-lending reference rate to ensure it can meet tighter rules coming on financial benchmarks, its...
Source : Reuters India |
Category : Others

MARKET REPORT: Gold slides as the eurozone slashes interest rates

MARKET REPORT: Gold slides as the eurozone slashes interest rates to whip markets into a frenzySharps Pixley, with origins dating back to 1778, is one of the world’s most traditional brands in international precious metals trading.Its website, SharpsPixley.com, remains a leading online bullion information provider and is a must-read for any dealer who loves to duck and dive in the highly volatile gold...
Source : dailymail |
Category : Business

Asia gets new Gold Futures contract from Singapore

new Gold Contract is the result of a successful collaboration between International Enterprise (IE) Singapore, Singapore Bullion Market Association (SBMA), Singapore Exchange (SGX) and the World Gold Council. Repr..Gold futures seems to be the most exciting derivative trading product in Asia these days. On Wednesday, Asia got a new gold futures contract through a collaboration between bullion dealers...
Source : Commodity Online |
Category : Commodities
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