Page 30 - Gold Trade
Muthoot Finance pre-tax profit up 42% to Rs 1,116 cr, income rises 32%
Loan assets of the group grow by 13% to Rs 40,390 crore during first half of FY20
 "Muthoot Finance pre-tax profit up 42% to Rs 1,116 cr, income rises 32%")
Dull gold: Jewellery industry losing sheen for lack of policy, innovations
The lack of a coherent policy and the unwillingness of Indian jewellers to reform are tarnishing the industry
Samvat 2075 ends with highest returns for gold investors in eight years
In this Samvat, investors earned 20.4 per cent from gold. The last year in which returns from gold were as good, was Samvat 2067 and 2068, though 2072 was not bad either
 "Samvat 2075 ends with highest returns for gold investors in eight years")
RBI denies dipping into gold reserves, cites other factors for fluctuations
The central bank's gold reserves is valued at about $27 billion as of October 18, latest data showed
 "RBI denies dipping into gold reserves, cites other factors for fluctuations")
Gold likely to move higher in Samvat 2076; make a strategic allocation
While in the near term, gold can remain range-bound as there are various conflicting forces at play, there are triggers that can propel prices higher in the long run
 "Gold likely to move higher in Samvat 2076; make a strategic allocation")
Demand for gold, imports nosedive to three-year low post budget
In the first six months (January to June) of this calendar year, India imported 427.8 tonnes of gold at a monthly average of 71.3 tonnes
 "Demand for gold, imports nosedive to three-year low post budget")
Gold refineries suffer after higher import duty slapped on yellow metal
The demand for gold took a major hit in the domestic market after the import duty on the precious metal was raised from 10 per cent to 12.5 per cent, leading to a sharp increase in gold prices
 "Gold refineries suffer after higher import duty slapped on yellow metal")
Analysts see gold price hitting Rs 40,000 per 10 g by the end of the year
In Mumbai's physical market, standard gold (995 purity) was trading at Rs 36,850 on Wednesday, nearly Rs 1,000 lower than in the futures market
 "Analysts see gold price hitting Rs 40,000 per 10 g by the end of the year")
October futures gold prices cross Rs 36,000 after Trump's tariff on China
Gold imported unofficially has been selling in Mumbai around Rs 34700 per 10 gram.
Commodity outlook by Tradebulls Securities: Buy crude, nickel
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
 "Commodity outlook by Tradebulls Securities: Buy crude, nickel")
Commodity outlook by Tradebulls Securities: Sell copper, nickel
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
 "Commodity outlook by Tradebulls Securities: Sell copper, nickel")
Beyond ornaments and investment, gold can be a shiny affair in industry too
This article explores opportunities in industrial use of gold to potentially add more high-skilled jobs, increase contribution to international trade and increase value addition to economy as a whole
IGPC wants banks to be allowed to buy gold, become bullion bankers
The move will enable them to source locally, finance bullion and refining business, apart from allowing them to hedge positions on exchanges and create gold-backed products
 "IGPC wants banks to be allowed to buy gold, become bullion bankers")
Govt changes import duty valuation for gold and silver after Budget
New method aims to plug loophole that allowed importers to pay a lower duty.
Commodity outlook by Tradebulls Securities: Sell zinc, buy silver
Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.
 "Commodity outlook by Tradebulls Securities: Sell zinc, buy silver")
Govt proposes national gold spot exchange, seeks to organise trade
The government proposes to set up a single spot exchange for gold, finalising a method to organise the yellow metal's trade years after the idea was mentioned in the 2018-19 Budget.