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India’s gold prices hit record high by 30,699 rupees

Traders said gold prices in India hit a lifetime high on Thursday, in line with global trends, stockists and investors to buy the metal up.

Gold prices hit India’s domestic 30,699 rupees per 10 grams in the local market after the international gold prices touched their highest level in three months since April amid continued concerns over the euro zone and before an important meeting of central banks.

Said Anand James from Geojit BNP Paribas Financial Services “International and domestic factors are both at play,” .

“There preemptive buying by stockists to anticipate seasonal purchases in the coming months, and a bit of investment-led buying,” he said.

Investors tend to resort to the precious metal as a safe haven during uncertainty, while buying stockists expected family during marriage and the festive season , which runs from September to December.

Traders said the retail gold purchases currently remains low, with consumers delay buying in the hope that the correction in prices soon.

Harish Kewalramani,director of Bombay Bullion said that there is no buyer now as high gold price and demand for gold is very week at the moment.

The World Gold Council said ,global demand for gold fell to its lowest level in two years in the second quarter ended June, due to less buying in main markets in china and India , despite high demand from central banks.

China and India, which is battling both high rates of inflation, accounting for approximately half of the demand for gold in the world combined, and India are expected to exceed China as a leader in the market by the end of the year

August 20, 2012
Decline in demand for gold in Indian market

The newspaper “Indian Express”, on Friday, that demand for gold in Indian market has witnessed decline by 38.4%, to $ 181.3 tones in the period from April to June of 2012, compared to 294.5 tonnes same period of last year.

Pointing out that the decline in gold imports will pressure on the current account deficit, especially since gold is second largest producer is imported from abroad after crude oil.

The newspaper reported that the production of Indian jewelery declined by 30%, to $ 124.8 tons noting that global demand for gold fell to 990 tons 7%, according to latest report of World Gold Council.

She added, that this decline reflects the challenges of global economic conditions, where gold is a store of value and a source of financial liquidity, stressing that significant decrease was the result of exploitation Indian investors twice value rupiah currency.

August 18, 2012
Some Must Avoid Gold Investment Mistakes

Buying and investing in gold has been a potential benefit and a terrific way to have the financial security for a long time now and people make sure that they carry it out as much as they can. If you want to secure your future and don’t want to have a downhill treatment against the things which you have kept, you should know how to buy and invest in gold as much as you can.

With the raging and enhancing gold market you cannot ever have less for this kind of element and you can easily sell it out for different purposes in your life. For people who want to invest in gold or have the courtesy to buy it for any different reason, it is surely a simple process or at least it seems that way. In reality, investing in gold could be a very tricky and challenging procedure to go through.

The main reason why investing in gold is so risky is the fact that you can get scammed easily. You might think about going to a gold shop and looking through a few coins which you want to purchase, hand over the money and keep the loot securely in your assets but it is not that easy. There is much more involved to the gold investment than a person could think of and randomly picking your favorites out is not the only thing. You should know about some must avoid gold investment mistakes and be aware of the potential threats and consequences that you might will have to go through.

Be acknowledged and informed about the gold types and all the information that you should have because there is no excuse of being uninformed and misunderstood. You need to have an idea about the content and material about gold because you are going to invest a whole lot of money in the matter. Learn about the pros and cons of gold investment and the terms which are related to multiple resources.

If you are investing in gold, make sure that you determine how much that is going to be. You don’t want to invest a whole much or too little of anything. If you pay too much, it will divert the purpose of investing the money and if you buy too less, it will not turn out to be as fruitful.

Buying gold and investing in it with different forms is not going to make you rich overnight and you will have to gradually notice it happening so be patient and choose your considerations and outcomes ahead of time.

August 18, 2012
Gold prices in Dubai settle at 175 dirhams for 22 carat

Gold prices settled today in dubai as prices for E yesterday, scoring gram 24-carat gold 190 dirhams and 22 carat 175 dirhams and 21-carat carat 167 dirhams and 18 carat 143 dirhams.

And saw the gold markets in the country a significant improvement in sales, especially in the Emirate of Abu Dhabi which witnessed the prosperity of gold sales during the previous period and before the Eid al-Fitr, which encouraged many traders in the gold market Madinat Zayed in Abu Dhabi went to view more of the various gold jewelry.

Did not alter much in Dubai gold souk where he witnessed the remarkable turnout on buying gold especially with the decline in gold prices in the markets of the emirate.

It is expected many of the gold dealers in Dubai gold market movement Bazhar sales after the holiday and also before the start of the study in light of low gold prices.

Dubai is one of the most popular Arab role Alazhb sales during the past period, unlike the other markets.

August 17, 2012
Global demand for gold at its lowest level in two years in the second quarter

World Gold Council said on Thursday that demand for the precious metal fell to its lowest level in two years during the second quarter, in conjunction with the decline in demand for dark blue and invest in India and China.

Where record global demand decreased by 7% or 76 tons compared with last year down to 990 metric tons in the three months ending at the end of June.

This is the lowest level since the first three months of 2010, according to the report, as it fell on jewelry consumption by about 72.3 metric tons to 418.3 tons, and the decline for Investment 88.3 tons to 302 metric tons.

In spite of the apparent decline but the World Gold Council is still expected demand growth during the full year, but this in turn will depend on the recovery of Indian demand, and the policy of central banks towards the precious metal.

Chinese demand for gold was reduced by 7% during the first half of the year to 144.9 tonnes, which was attributed to the World Gold Council there is no clear direction for the movement of prices.

The Director noted in the World Gold Council “Marcos pod” that this is the quarter “passive” first “we have in China a long time ago, but it is probably linked to issues of economic deeper into China itself, not the gold market itself.

With respect to the United States fell purchases jewelry and investment assets of precious metal 17% to 34.2 tonnes, while the European Union, such as a bright spot and a clear increase demand by 11% to 86.4 metric tons.

The return of the Europeans buy precious metal as a reaction to the deepening sovereign debt crisis in conjunction with its negative impact on the single currency, which fell by about 5% against the dollar this year.

The official purchases of gold for States rose more than doubled to reach 157.5 tonnes in the fourth quarter, as announced Kazakhstan, Russia, Turkey, Ukraine and the lifting of central banks reserves.

While the purchases of those central banks 254 tons in the first half, up from 200 last year, which prompted the World Gold Council to sign a record of them this year than last year, which was the highest since 1964.

August 16, 2012
Hartmann Tresore opens new stores in Dubai gold and diamonds park

Hartmann Tresore Middle East LLC has become a presence now in Dubai gold and diamonds park. Hartmann shop newly opened offers a range of products tanks with German quality.

Product range includes Hartmann Tresor Middle East LLC safes tested and validated of all kinds, Kalkhoznat resistance to theft, fire and compartments to store documents and keep the data safe and safes to the wall and furniture, and safes for jewelry and safe deposit boxes and doors provide protection and rooms full protection. All safes tested by European standards.
Among other things, specialize solutions PSCs hotels. The scope of our products for this area:

Room safes, reliable and easy to operate, small refrigerators and energy-saving anti-noise, systems deposit boxes. Safes deposit areas in the back-office departments of human resources and accounting.

Luxury safes manufactured on demand

Landmark in the Retail Division in the compound of gold and diamonds,

Are safes production line, “Hartmann” private and we are building a fully depending on the design ideas and desires of customers in terms of measurement and color safe and lining inner section.

Whether Khazna black-gloss and high inner lining of the skin white, or pearl white enamel safe with ebony dark glass shelves and lacy Baltchrim. Treasury or pearl pink lining oak dyed – almost everything is possible – from more tanks to non-traditional elegance.

Fists and hinges and hinge covers can be made of gold or platinum demand.
Lining manufactured on demand, for example, rolling and shelves made of precious wood Kalpleut or walnut or maple light. Can be covered rolling velvet black and proving rings or chains. As can be integrated keys to fill the hours for mechanical watches.

The interior lighting lamp directed by draw attention to valuables.

The quality of German

The office is located president Al Hartmann Tresor in Germany. Tresor company Hartmann AG major supplier of safes for all uses and offices spread across Europe. The company was founded in Dubai two years ago and sells products Hartmann exclusively in the Middle East.

Renner says Kaltenbach, general manager at Hartmann Trerzo Middle East:

“In our new, we can offer Khoznatena to a wider audience and offer them specialist advice and comprehensive”

“We are confident that our product range constitute a good addition to a very complex gold and diamonds”

August 16, 2012
Gold Rate Today In UAE

Dubaigoldprices (Duabi)

Gold price rate in dubai stock exchange have rise to 191.23 UAE Dirahm for 24 Carat as global gold price increase to 1620 USD/ounce by increasing 0.23% from yesterday .

and other gold rate in uae record 175.278 for 22 carat, 167.311for 21 carat and 143.41 for 18 carat Today

August 11, 2012
Is gold become a Means of better safety ?

Gold prices are currently driven by several factors: central banks interventions. Political interference and the statements of responsible and irresponsible,speculative and Pressure on prices from governments or banks or investment funds. Paper gold market size exceeds 100 times the actual physical gold market. This helps to influence the course of prices and channel it.

Now! Why gold is about to dash bullish?

After rises in August of 2011 the market saw a correction and a clear and real phase followed by immunization horizontal. At this stage, the world has seen bad economic news only. Europe in the vortex is sufficient to disturb the atmosphere in general and healing all the way to the recovery period will develop.

Britain in a miserable course, but put a percentage of the distinctive European situation in terms of its ability to print money without restrictions it is still apparently has the best reputation.

The same image can be monitored in the United States. Quantitative easing is expected not only the printing of the currency. Economic figures are uncomfortable, but the Americans are benefiting so far only focus on the markets of Europe. Situation will not continue on this case.

Japan sits on a mountain of debt and demand for the yen just a phenomenon does not know Those who know are not they change. We believe the time is not far away. Economy will not survive a long.

The solution is to print the currency in each place. Salvation will not come this way. Governments think it’s the best way to please the voters. Governments come and promises a few months after moving protests against it. May be times been free market economy is behind us.

This year saw and will see the big race historically to print money. Race between the central banks from every direction. This will enhance the development of inflation and we will be before the outbreak of the disease in the body of the patient. Bonds, stocks, currencies, commodities bubble will be in front of the whole terrible. Only gold will be in the royal seat. Watching and smiling than he bargained for. It will be the provider of the Investment Center to protect the best.

And finally? Must know that gold has increased since 1999 rose 615 percent this correction, which we talked about, which amounted to 8% priced in dollars so far is very limited long-term outlook. In most other currencies, the correction did not exceed 3.0%.

Ongoing immunization we believe it to end soon. The driving force behind the next may be so great that exceeded the $ 2000 will make 3500 a target of the next. Maybe $ 5,000, too. Maybe in 12 to 18 or 24 months only.

From this perspective, an additional corrective decline will not be meaningful that is measured, including waiting for the yellow metal.

August 11, 2012
$ 35.8 billion trading «Dubai Gold and Commodities» in July

Dubai Gold and Commodities succeeded in the registration of a total of 965.6 thousand was held in July this year, totaling $ 35.8 billion, representing a trading volume record for the fifth consecutive month.

And contributed to trading in July, which saw an increase of 9% on trading last June, in enhancing the volume of trading in the stock market since the beginning of the year to date to more than 4.8 million contract, an increase of 179% over the same period of the year, 2011, which witnessed a circulation of more from 1.7 million contracts.

Continued to gold and rupee futures strong performance in the Dubai Gold and Commodities, achieving an annual growth rate of 211% in the volume of trading last July, as the volume of currency contracts in July last by 223% from last year to about 897.9 thousand contract, and the Indian Rupee futures in the Dubai Gold and Commodities are the mainstay of growth of currency once again, recording an annual increase by 263%, of which 892.3 thousand held during this month, and for contracts for other currencies, witnessed decades, the Australian dollar and Swiss franc futures grew by 49% and 24% respectively compared with last June.

For its part, seen gold futures contracts in Dubai Gold and Commodities, high annual growth rate of 104%, bringing the number at the end of the month to 55.3 thousand a decade, as the number of gold futures contracts since the beginning of the year to date to 312.7 thousand a decade, an increase of 11% over the same period in 2011.

The chief executive of the Dubai Gold and Commodities, Gary Anderson: «sought Dubai Gold and Commodities actively during the first half of 2012 to enhance liquidity and increase the size of the contracts the main, through changes to the contracts and encourage market makers to provide the best prices, and encouraged us to increase the volume of trading that we have achieved as a result of these initiatives, and keep searching for new products and services that will, in addition to our stand sophisticated new technology, to provide better support to the needs of hedge and investment to a wide range of market participants in the region ».

August 9, 2012
Gold and rupee futures record high trading volume in Dubai Gold and Commodities Exchange

Gold continued and rupee futures strong performance in the DGCX with an annual growth rate of 211 percent in volume for the month of July supported by strong performance during the first half of the year.

DGCX succeeded in recording a total of 9,656,037 held in July this year amounted to a total value of 8.35 billion U.S. dollars, representing a record trading volume for the fifth consecutive month.

Has contributed trades July – which saw an increase of 9 percent for trading in June – in the promotion of trading volume in the stock market since the beginning of the year to date to 48 million and 136 thousand and 49 contract an increase of 179 percent compared with the same period in 2011, whichseen by 17 million and 282 thousand and 13 contracts.

As the volume of currency contracts in July increased by 223 percent from last year to 8,979,008 contracts.

The Indian Rupee futures contract on the Dubai Stock Exchange Gold and Commodities are the mainstay of growth currency again registered an annual increase of 263 percent by 8 million and 923 thousand 49 held during this month.

For decades other currencies decades have seen the Australian dollar and the Swiss franc futures grew by 49 percent and 24 percent, respectively, compared with the month of June.

Also saw gold futures contracts in DGCX and commodities annual growth significant by 104 percent to up at the end of the month to 55 thousand and 320 contract as the number of gold futures contracts since the beginning of the year to date to 3,127,072 held an increase of 11 percent compared with the same period in 2011.

Said Gary Anderson, CEO of DGCX and goods that Borse Dubai Gold and Commodities committed during the first half of 2012, with notable towards enhancing liquidity levels and increase the size of their contracts Home and through the introduction of changes to contracts and encourage market makers to provide the best prices.

August 7, 2012