Tuesday 31 May 2016

#‎AOJQuote‬ of the day 31st May 2016:

 “There is the short-term potential for the gold price to fall below $1,200 due to the high level of speculative interest and renewed Fed rate hike speculation.

-Commerzbank , Germany

#‎AOJDailyeNews‬ If economy picks up, there will be more demand for gold loans: Muthoot Finance

George Alexander Muthoot , MD, Muthoot Finance does not believe that  gold finance companies are fully dependent on gold prices. According to him, gold loans are loans given for personal purposes Read More

#‎AOJDailyeNews‬ GIA to launch synthetic testing service for Melee

The Gemological Institute of America (GIA) is piloting a service to sift out synthetics and treated diamonds from melee. Read More

#‎AOJDailyeNews‬ PC Jewellers' standalone net profit falls over 34% in Q4

PC Jewellers today reported over 34 per cent fall in standalone net profit at Rs 79.05 crore in the fourth quarter of the 2015-16 fiscal on poor sales. The company had posted a net profit of Rs 120.13 crore in the same quarter of 2014-15, it said in a BSE filing. Read More

#‎AOJDailyeNews‬ 60 Israeli diamond companies to participate at JCK Las Vegas

Israeli diamonds will shine once again at JCK Las Vegas, which takes place from June 3 to June 6, 2016. The Israeli Diamond Industry will again be among the largest international exhibitor groups, with some 60 Israeli diamond companies participating. According to the Israel Diamond Institute Read More

#‎AOJDailyeNews‬ Gold may not fall way below $1,200

Gold is unlikely to break significantly below $1,200 an ounce over them on despite the metal having corrected 3% last week on the US central bank rate hike anticipations by the market, options data on CME Group’s Comex division last Friday shows.
Read More

#‎AOJDailyeNews‬ No TCS (Tax Collected at Source) on Cash Jewellery purchase up to Rs 5 lakh

The government has rolled back the Budget decision of charging 1% tax collection at source (TCS) on cash purchases of gold worth over Rs 2 lakh much to the relief of potential customers and jewellers Read More