Money Market Guru – India Tightens Gold Import Rules to Curb Trade Irregularities – India moved to curb gold-trade irregularities by preventing some trading houses from importing the metal following a surge in shipments in recent months.
Money Market Guru – It is festival time and television, social media and billboards are all splattered with advertisements of gold jewellery.
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North Korea ready for missile test any time as US-South Korea drill approaches – South Korean military officials are readying for another possible missile launch by Pyongyang as they prepare for a joint military drill with the US on the disputed peninsula this week.
Gold prices rose by Rs80 to Rs30,830 per 10 gram on Thursday following uptick in festive season demand from jewellers and retailers at the domestic spot market amid a strong global trend. Silver too rallied by Rs235 to Rs41,300 per kg on higher offtake by industrial units and coin makers.
Money Market Guru – Gold prices fall, silver extends gains in Mumbai – Gold prices slipped after a two session surge at the domestic bullion market in Mumbai Wednesday following subdued demand from stockists and investors, even as the metal strengthened overseas.
Money Market Guru – Gold Futures Steady To End The Week After Big Losses – Gold futures were flat Friday, steady after big losses earlier in the week. Data showing weakness in the manufacturing sector conflicted with the Federal Reserves rosy assessment of the economy. At 54.6 in September, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was down slightly from 55.3 in August, data showed.