Friday 29 July 2016

#AOJQuote of the day 29th July 2016:

 "The gold price reacted quite positively to the news that there was no rate hike, and that a September rate hike is not certain. But this is probably short-term volatility." -

Simona Gambarini, Capital Economics Analyst E


#‎AOJQuote‬ of the day 29th July 2016

 "While earlier, recycled gold constituted 15 per cent of our gold requirement, it has now shot up to 45 per cent because of the price rise.” -

Bachhraj Bamalwa, Director, Nemichand Bamalwa & Sons

#‎AOJDailyeNews‬ The Indian Institute of Gems and Jewellery Jaipur celebrated its Annual award function

The Indian Institute of Gems and Jewellery Jaipur celebrated its Annual award function on Wednesday, 27th July 2016. Chief Guest for the function was, Kalicharan Saraf, Honorable Education. Read More

#‎AOJDailyeNews‬ China gold consumption to reach 1,200 tons by 2020

 China's annual gold consumption is expected to be 1,200 tons by 2020, state-owned Shanghai Securities News reported on Wednesday, citing an estimate from a Ministry of Industry and Information Technology (MIIT) official. Read More

‪#‎AOJDailyeNews‬ Gold firm after US holds off on rate hike

Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in U.S. interest rates is on the cards for later this year. Read More

#‎AOJDailyeNews‬ Bullion trade plans to introduce Indian gold standard bars which can be traded as well as exported

The local bullion trade is considering introducing Indian gold standard bars which can be traded on commodity exchanges as well as exported, taking a cue from the LBMA (London Bullion Market Association) good delivery standards for the yellow metal.

#‎AOJDailyeNews‬ No plans to shut jewellery business: Reliance Retail

Reliance Retail, an arm of Reliance Industries has no plans to shut its jewellery business, the company said today asserting it has recently opened 7 new stores. Read More

Recycled gold volumes up 45-60%, Muthoot group to collect 1 tonne recycled gold by 2018-end

 With price of gold crossing Rs 31,000 per 10 gm, jewellers have seen a 45-60 per cent increase in recycled gold volume at the stores in the past two months.Read More

Thursday 28 July 2016

#AOJQuote of the day 28th July 2016:

"Lumineux Uno is an innovation that promises to provide an alternative precious metal with a higher lusture; is sharper and more malleable; at a far more affordable price than gold and platinum and more precious than silver.” –

 Sanjeev Agrawal, Director, Leading Jewelers of the World (LJOW)