Latest Silver news
New York silver spot price
Silver, Gold crash in opening session (New Kerala)
Mumbai, July 1 : The precious metals furthered their losses today as Silver steeply fell by Rupees 440 to Rupees 22,320 per kg and Gold by Rupees 120 to Rupees 14,460 per ten gm in the opening session on heavy selling pressure from industrial users, traders at the Bombay Bullion Association said.
Bullion contracts down (New Kerala)
Mumbai, Jun 29 : A negative trend was observed in Bullion contracts today as Gold December 09 contract went down by 0.67 per cent to Rupees 14634 per ten grams and Silver December 09 contract fell by 0.66 per cent to Rupees 22700 per kg at Multi Commodity Exchange (MCX).
Gold down, silver up by Rs 200 (The Times of India)
Subdued demand weighed on the gold prices in the bullion market, while silver rose by Rs 200 to Rs 22,750 per kg on good buying.
Gold, Silver Fall as Stronger Dollar Cuts Investment Demand (Bloomberg)
June 30 (Bloomberg) -- Gold fell as a stronger dollar cut demand for the precious metal as an alternative investment. Silver also declined. The U.S. Dollar Index , a six-currency measure of the greenback’s value, rose, heading for the first gain in four sessions, after the business-backed Conference Board in New York said consumer sentiment declined this month.
Precious metals recover (New Kerala)
Mumbai, July 2 : Snapping four days downward trend, both the precious metals recovered today as Gold went up by Rupees 85 per ten gm and Silver by Rupees 25 per kg from its last close, owing to better buying support from stockists, traders at the Bombay Bullion Association said.
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Gold/Silver ETF Stickiness (Kitco.com)
Despite gold and silver consolidating in June, investment demand for these precious metals remains robust. This is evidenced by continuing growth in the bullion holdings of the leading precious-metals exchange-traded funds.
Gold/silver ETF stickiness (Resource Investor)
Investment demand for precious metals is evidenced by continuing growth in the bullion holdings of the leading precious-metals exchange-traded funds.
Illegal For 53 Years - IRAs Now Gold Friendly (Zacks.com via Yahoo! Finance)
More and more people are asking whether they can, or should, use an IRA to hold physical gold.
Gold Could Shoot Through $1,000 if China Shifts Away From U.S. Treasurys (Fox News)
Gold could go well above $1,000 an ounce in the next couple of years, according to some people bullish on the metal, who say China could boost the yellow metal's price significantly if it takes the policy actions one of its research officials is advocating.
Brian Taylor blogs on a tricky political dance (BBC News)
Brian Taylor blogs on a tricky political dance
Where Do You Keep Your Gold? (Zacks.com via Yahoo! Finance)
The choices boil down to three: store your gold in a safe deposit box; bury it; or hide it indoors.
MARKETING (The Hindu)
RURAL MARKETING: FMCG industry set for 20-30% growth on increased rural demand Kolkata/Ahmedabad, June 19 The FMCG industry is set to grow 20-30 per cent in 2009-10, up from 10-20 per cent in 2008-09.
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