Precious Metals

LME & Precious Metals Report

Complex finishes the week slightly lower as recent gains continue to be digested.

Ryerson says 2Q profit climbed on higher metal prices

Ryerson Holding Corp. said profit soared more than 62 percent in the second quarter due to the higher prices for the metals that the company processes and distributes.

Shanghai Metals Market Launches China Precious Metals Price Index

Shanghai Metals Market will launch its China Precious Metals Price Index from August 1 on its both Chinese website (www.smm.cn) and English website (www.metal.com).

Massive gold haul at Mumbai Intl Airport; 18 kg gold seized in a single day

In what is considered as the largest single-day haul to-date, the Air Intelligence Unit (AIU) of the Indian Customs seized 18 kilograms of smuggled gold at Mumbai International Airport

Gold prices to consolidate lower in 2014 as investments set to recede: CPM Group

Gold analysts from New York-based research firm CPM Group said Tuesday that gold prices are expected to consolidate lower in 2014

RBI's easing of norms may lead to twofold increase in India's gold imports

The gold industry in India projects two consequences to Reserve Bank of India's (RBI) decision to allow more private banks to import gold into the country

Blast at Gold manufacturing unit: Death toll rises to 7

The death toll in the explosion which took place in a gold manufacturing unit in Southern India has gone up to seven

Gold biscuits worth Rs 2.5 million recovered from airport lavatory

The officials of the Customs Air Intelligence Unit seized gold biscuits and jewels worth Rs 2.5 million from the lavatory at the arriving hall of the Tiruchi International Airport in the Southern Indian state of Tamil Nadu

Gold Prices Drop 1st Week Since Jan., "Bullish Correction" Says UBS as Rate-Rise Forecast attacked

Gold prices rallied overnight to touch $1340 per ounce lunchtime Friday in London, heading for their first weekly loss since January

India's Polished Diamond Exports grew16% in February

According to latest statistics released by Indian Gem & Jewellery Export Promotion Council (GJEPC)

ASSOCHAM urges Indian government to cut gold import duty to 5%

The Associated Chambers of Commerce and Industry in India (ASSOCHAM) had pleaded for urgent cut in gold import duty to 5% from the current 10%

India's Gold Bar imports tumbled 62% in Feb '14: GJEPC

The Gems and Jewellery Export Promotion Council (GJEPC) has released the details of imports of raw materials for gems and jewellery for the month of February 2014

Gold price erases March's 5% gain as Fed signals endgame for easy money, Dollar jumps

Gold price gains of 5% in March were erased by Thursday lunchtime in London as all asset prices fell against the US Dollar

India's Silver Jewellery exports surged 68% y/y in Feb, Gold exports climbed 17%

The silver jewellery exports from India sky rocketed by 68.27% year-on-year to $84.10 million (Rs. 523.55 Crore) in February 2014

India's Silver bar imports in Feb '14 plunged 36%: GJEPC

The latest statistics released by the Gems and Jewellery Export Promotion Council (GJEPC) suggests huge drop in the country's Silver bar imports during the month of February 2014

Gold erases last week's 3% gain as Russia seizes Ukraine's Naval HQ in Crimea

Gold price gains of 3.2% from last week were finally erased Wednesday lunchtime in London

Gold's rally has nothing to do with Ukraine crisis: Peter Schiff

The gold price rally is not the result of any geopolitical instability, instead should be considered as the beginning of the next leg of up move

Branded gold jewellery made inroads into Indian market, reveals survey

Branded gold and diamond jewellery outlets have started to attract more customers in India, according to a recent survey

Gold prices sink to 'immediate support' as Moscow mocks sanctions over Ukraine, Stocks rebound

Silver and gold prices fell to 1-week lows in London trade Tuesday morning

Gold jewellery in India to be embossed with unique identification number

The Bureau of Indian Standards (BIS) has decided to tighten the hallmarking procedures for gold jewellery and ornaments

Indian Central Bank's Forex Gold Reserves fell 15%

The half yearly report on foreign exchange reserves released by the Reserve Bank of India (RBI) suggests that the total value of bank's forex reserves in gold fell by 15% between March and September last year

Gold Prices Spike After Crimea Vote, Retreat 1% from 6-Month High as EU Imposes Sanctions on Russia

Gold prices retreated 1.1% from a new 6-month high in late Asian and London morning trade Monday

India's Gem & Jewellery Export body rolls out new insurance proposal

The Gem & Jewellery Export Promotion Council (GJEPC) has proposed to provide insurance benefit scheme to members of the Council

Gold import must be placed under normal trading regime: FEAP

The Foreign Exchange Association of Pakistan (FEAP) has recommended that the special regime of importing gold through SRO 760

Gold Prices Up 17% for 2014 as Beijing 'Clamps Down' on Credit Bubble, Crimea Vote Looms for Ukraine

Gold prices leapt in London trade Friday, rising 3.3% from last week's finish to touch the highest level since early September at $1385 per ounce