crude oil prices

The prices of crude oil may fall to 55$ bbl though it may not sustain and hover in the range of 70$ though it may take much time to reach 90$.All this is due to over supply in the market.So hold your breaths. 

80:20 gold scheme

The govt has taken a complete u turn and when traders expected that there would be more curbs on gold imports ,complete opposite has happened.The govt through the RBI has completely scrapped the 80:20 gold imports scheme and accordingly the premiums charged will reduce and result in fall in gold price. This scheme was promoting monopolistic trade practices. Kudos to the government and RBI and wait and watch what the government has for the precious metal in the days to come.
For furthur reference visit
http://m.rediff.com/business/report/govt-eases-curbs-on-gold-imports-scraps-8020-scheme/20141128.htm

Gold silver price physical delivery

05-Nov 13:30
Mum=25840/35550
Pune=25900/36000
Jalg=25840/35500
Ngp=25960/35800
Aurgbd=25950
G=1149.0/25524
S=15.51/34500

gold buy wait for now

The price of gold may be steady and get some support at the current level of rs 26300 per 10gms but if the price of dollar remains in rs 61 range then by end December the price may fall to rs 25500 per 10 gms or still below rs 25500 so it would be advisable to wait rather than buy. The price may range between 1080 $ to 1120 $ an ounce in international market by December end.

Gold/Silver Price Physical 15.45 Oct 9

15:45
Mum=27230-Fwd/39550
Ptn=27360/39200
Bnrs=27290/38750
Agra=27230/39250
Jaip=27280/39100
Raip=27320/39500
G:1228.1/26970
S:17.60/38980

Gold/Silver price physical 14.43 Oct 9

14:43 Oct 9
Mum=27220/40400
Ahd=27180/38750c/39200
Chn=27250-ft/38900
Bang=27200/38500
Kota=27280/39000
Mysore=27250
G:1225.7/26916
S:17.55/38847

Gold/Silver price physical delivery Oct 7 15.00

15:00 Oct 7
Mum=27060-Fwd/39300
Del=27060/39200
Chn=27130/38800
Bang=27010/39000
Meruth=27150
Mysore=27070
Hubli=27100
G:1207.1/26744
S:17.29/38667

Gold/Silver price physical Oct 7

11:45 Oct 7

Mum=27010-Fwd/39300
M-Bill=26630/39600(+Tax)
Hyd=26960/39000
Nsk=27050/39450
Jalg=27020/39400
G:26665/Hi:26727
S:38625/Hi:38750

Gold/Silver price physical delivery 16.13 5 Oct

16:13
Mum=26870-Fwd/38700
Hyd=26840/38200
Agra=26830/38200
Kota=26930/38300
Ngp=27070/39200
Gold:1194.62
Silver:17.02
HG-Cop:3.013
Crd:90.16

Jewellery buying tips 1(Disclosure of jewellery for customer.)(Cadmium,Kdm)

A jeweller should always disclose whatever possible about the jewellery he is selling.The true purity ie 22ct,18ct,14ct and that he should disclose not only the skin touch but also the melting purity of the jewellery. Because the resale value of jewellery when you go to sell depends totally on the purity after melting.The skin test may show the perfect karat but on melting you may come to know that the jewellery you have bought is not what you had paid for.For this the customer should always ask for kdm jewellery.Cadmium is the material used to solder jewellery.
It is mixed with a particular karat of gold of which the guarantee is given.When the jewellery is made this solder is used and cadmium on heat vanishes and gold remains.Variations in cadmium proportions also results in lowering karat of gold or mix with lower karat also reduces the karat of gold on melting.Jewellery 20 to 25 yrs back no cadmium was used as a result the melting of such jewellery resulted in lowering the karat and hence less return value for customers.
In todays time hallmarking is followed by many jewellers but still the most important thing is honest disclosure and living upto the trust of the customer which creates a
long lasting impression of the jeweller and also his survival in todays market.

Gold/Silver price 15.45 Oct 01

15:45 Oct 01
Mum=27120/39400
Cal=27070/39200
Bnrs=27210/38500
Agra=27140/38650
Kota=27080/38650
Rs:61.75
G:1209.1/26849
S:17.00/38325

Gold/Silver 30 Sept 16.49

16:49
Mum=27120/39950
G:1207.4/26833
S:38840/Lo:38811
Rs:61.75

Gold/Silver price 13.07 30 Sept

13.07 30 Sept
Mum=27140 40100
Ngp=27410 40150
Sng=27240 40400
Jalg=27210 39650
Jalna=27200 39500
Satara=27250 40300
Solapur=27330
Aurgbd=27250
MCX-G:26877
S:39156

Gold/Silver price 30 Sept 9.00

09:00  30Sept

Dubai:24055
Rs:61.58
Sep:61.9425(Open)
Gld:1219.1
Sil:17.60
Crd:94.65
News data in evening
7:15pm: US Chicago PMI
7:30pm: US CB Consumer Confidence

Our dynamic Prime Minister Shri Narendra Modi.

Our Prime Minister Shri Narendra Modiji made a great speech at Madison Square. His positiveness and enthusiasm in taking India ahead and the steps his govt shall take towards its progress shall all be done with taking the people of India together.The three things according to him that India has is Democracy,Demographic and Demand with his slogan Make in India shows his foresight. The dream itself of implementing the plans and policies at the earliest shows that he means action and not words alone.
A simple person who shall take India to new heights and make an important place of India on the globe.
The investor confidence after his govt came
to power has increased and the trend will continue in future. Gold as an investment has lost its charm and may still fall over a period of time. In the coming few months the govt may reduce or remove the mport duty on gold and may also scrap the 80:20 scheme. These steps are long due but may take some time. Price of gold as analysts
put it may come down to rs 25,000 per 10 gms in India if this happens. So freinds it is a matter of time so wait and watch.

Different jewellers have different gold prices.

Why do different jewellers have different gold rates even  though they are in the same city?

Different prices are quoted by different jewellers in same city.It is also because the purity of gold used in manufacturing jewellery is different with different jewellers.
For example if a jeweller gives 18ct jewellery guarantee the guarantee is for 75 percent purity .For this guarantee he manufactures jewellery with 76 percent or even 77 percent purity ie 18.25cts or 18.50 cts purity to maintain hallmarking at 18 ct and 75 percent purity.So ultimately the cost of extra purity above 18ct is reflected in the price.
Though hall marking is done regarding the carat of gold but the prices of gold are determined by the various supplier groups in the physical markets. There is no standard agency which realeses a fixed price.Demand and supply of physical delivery of gold is varying and is not centralised like the mcx.
Different suppliers quote different prices of gold which slightly vary and
depending on from whom you purchase or are in contact with for your supply you furthur quote to the customer.

Gold price and improvement in economy.

Why is it said that a fall in price of gold  a sign of improvement in the economy?


There are a lot of factors on which the price of gold depends.One major factor is the confidence of the people in the economy.If people have more confidence in the economy they will stop investing in gold and invest in other avenues like stocks and shares and property where the yields are high.Since the demand also falls for gold at such time the price of gold goes down. Also the price of gold and inflation normally move together and expectation of lower inflation results in lower gold price as it acts as a hedge against inflation. This is the reason why lowering of gold price is seen as an improvement in economy.

Price Gold /Silver

22.00 29/07
Mum=27150/40300

G:1217.0/26892
S:17.42/39143

Prices of gold silver may show a strong upward trend till Diwali though may be a slow rise .November onwards the prices may be weak and may fall furthur and show a downward movement.