Ratio trading in gold and silver prices is a trading tool.
However, other commodities yet to see meaningful recovery in global markets
Gems & jewellery exports seen rising, too, as demand remains strong in all markets except Europe.
Centres like Coimbatore in Tamil Nadu and Thrissur and Kochi in Kerala are facing huge shortage of gold. These centres constitute around 15-20 per cent of India's overall annual demand of the yellow metal.
Four of five new bulk purchasers named by De Beers, the prime global purveyor, are from India.
Global cues may further weaken the yellow metal; imports seen under control after January surge.
They are encouraged by the widening gap in import duties on raw and refined gold.
Price up 500 per cent in a year, trebled in Dec.
Barclays estimates $1,900 an oz this year; analysts say ultra-low interest rates in advanced economies to ensure demand keeps rising.
Revival in industrial output may lead to a rise in demand for the white metal.
In a draft paper prepared by the RBI seeking public opinion until January 18, the banking regulator has proposed a financial instrument linked to gold to curb the demand of its physical holding.
The US leaders approved a plan to prevent huge tax increases and delay spending cuts that together might have pushed the world's largest economy off the 'fiscal cliff' and into a likely recession.
Prices dip ahead of Dhanteras, seen around Rs 29,800/10g.
Buyers want something colourful that stands out; economics of diamond substitution helps.
The yellow metal has risen 6.6 per cent since mid-August
While fuel costs have risen 20%, prices of finished output have fallen
In a move that could improve the weakening sentiment in the Indian textile industry, the government is set to sign a free trade agreement (FTA) with the European Union (EU) by the end of the current calendar year.
Change in strategy to reduce cost, as prices and cost of funds increase, with lease charges being much cheaper than purchase
The sales growth rate has been a 10-quarter low, dragged by slowdown in the key sectors -- capital goods, construction, infrastructure, non ferrous metals, steel and telecom -- that had contributed to India Inc's growth story in the past.
A recent report by Barclays Capital, the global consultancy firm, forecast the Certified Emission Reduction price to surge 92 per cent in the first half of this year.
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