HomeGold IRA Blogindia

india

  • This Week in Gold: The Growing Global Appetite for Precious Metals

    This week in gold, we saw evidence of the global appetite for gold that just seems to keep getting bigger. Gold buying in India rebounded as the Diwali holiday began, Switzerland is deciding whether to drastically increase its gold reserves, and Russia made its largest gold purchase in over 15 years. Bloomberg also reported that more speculators

    read more

  • Seasonal Demand: Why is September Important for Gold?

    September has historically been a good month for gold. Why is this? Gold is not a food crop, it doesn’t have seasons…or does it? Gold has strong cultural value as well as monetary use. It was first valued for its luster and aesthetic beauty when it was discovered over 5,000 years ago. This still holds true across

    read more

  • Despite Gold Lows, Indian Demand High Ahead of Religious Festival

    Gold fell 0.30% to $1,277 by Monday morning, not far from its two-month low of $1,273.06 hit the previous week. News of a stronger U.S. dollar, a possible interest rate hike coming in early 2015, and the end of quantitative easing this October have lessened gold’s appeal as a safe-haven asset and hedge against inflation for

    read more

  • This Week in Gold: Ron Paul, India, Retirement, More Geopolitical Woes

    This week in gold, Ron Paul explained to CNBC why he still believes in gold, India continued its deep culturally-embedded love affair with the yellow metal, high levels of geopolitical and economic woes shook markets, and a study gave insight into how much is enough to retire happy. Looking back at the week, we are reminded

    read more

  • Forbes: “India’s appetite for gold defies market conditions”

    India loves gold – especially if it’s Swiss gold. According to the Swiss government, Switzerland’s total value of exported gold and silver bullion in the month of June was 3.9 billion Swiss franc ($4.3 billion USD), of which India accounted for 1.63 billion francs ($1.8 billion USD, or 42%). In India gold is used primarily in

    read more

  • Bank of America Merrill Lynch Says the Worst for Gold May be Over

    Gold may have lost 2.1% last week, but Bank of America Merrill Lynch is assuring investors that the worst may be over for the yellow metal. Metals strategist Michael Widmer noted to his clients on Monday that gold prices have stabilized this year due to steady demand from emerging international markets such as China and India. Remember

    read more

  • International Developments Contribute to Gold’s Rise This Week

    Just as Wednesday’s article suggested, gold responded positively to the news that India elected a new government that may further ease restrictions on gold imports. Gold ready for June delivery was up by $10.50 (or 0.8%), making yesterday’s gold price $1,298.60 an ounce. Silver also rose by 1.2%. Naeem Aslam, chief market analyst at AvaTrade,

    read more

  • India’s Gold Demand May Double This Year

    Remember from our article on 5 Interesting Facts about Gold Smuggling that India is the world’s largest consumer of gold, and that most of the world’s gold smuggling occurs there? This is due to strict limitations and high taxes on gold imports. Smuggling allows individuals to bypass those laws. However, gold smuggling may now slow

    read more

  • 5 Interesting Facts about Gold Smuggling

    Smuggling of items usually occurs in attempt to bypass import and export laws and taxes. In India, the world’s largest consumer of gold, this is certainly the case. India loves its gold and often hoards it as a store of wealth. In June of 2013, a higher duty (tax) on gold jewelry was introduced. Over

    read more

  • Money Managers and Hedge Funds Hike Gold Wagers

    Money managers and hedge funds boosted bullish gold wagers to a three month high in February as demand for safe haven assets grew. Fueling interest in gold among smart money players are: A string of soft data that hints at a slowing U.S. economy Melting emerging markets Geopolitical turmoil in Ukraine, Turkey and Argentina Bargain

    read more
Get Your FREE Gold Guide!

Your Name (required)

Your Email (required)

Your Phone (required)


Your information is 100% secure with us. By submitting you agree to be contacted by American Bullion via mail, phone, text or email. You can unsubscribe at any time.