2 May 2013
Berita Semasa 2 Mei 2013 ...
Price plunge boosts Jordan Gold sales to new record
Jordanians have bought almost one tonne of gold worth $70 million so far this month, expecting the strong demand for the precious metal to continue during the year.
Recent gold plunge helped Jordan gold sales to hit the strongest level in ten years, according to Jordan Jewellers Association.
Association said Jordanians have bought almost one tonne of gold worth $70 million so far this month, expecting the strong demand for the precious metal to continue during the year.
Jordan Jewellers Association predicted gold sales this year to be threefold higher than last year, when Jordanians bought over five tonnes of the metal.
Analysts said gold importers in Jordan have recently increased their orders in a bid to meet the surge in demand.
Meanwhile, price of 24-karat gold on Wednesday was $46 per gramme on the local market, while 21-karat gold was priced at $40 per gramme, and 18-karat gold was worth $34 per gramme.
Global gold prices have fallen to the lowest level in two years over the past weeks amid fears that cash-strapped countries in the eurozone would need to sell off their reserves, as Cyprus is expected to do so, to raise 400 million euros.
Sumber : Google
1 May 2013
Berita Semasa 1 Mei 2013 ...
India Gold import,demand surge
India's gold imports grew 12% year-on-year to Rs 2.75 lakh crore in April 2012-February 2013 with the bulk of the buying coming in the past few months when prices headed south.
World's largest gold consumer India's demand multiplied after the recent gold plunge and that in turn resulted in increased import of the yellow metal.
People turned up in sizable numbers at jeweleries across the country as primary dealers of gold in India struggled to keep pace with robust demand quoting higher premiums, even as prices recovered partially from their lowest level in more than 18 months.
Most of the jewellers have been stocking for Akshaya Tritiya, the second biggest gold buying festival after Dhanteras, and weddings, which will continue until July. Most of the gold bars get imported in India through foreign banks, which has an agreement with the miners.
India's gold imports grew 12% year-on-year to Rs 2.75 lakh crore in April 2012-February 2013 with the bulk of the buying coming in the past few months when prices headed south.
Imports of the yellow metal zoomed 38.7% between September 2012 and February 2013 to Rs 1.89 lakh crore, data with the Centre for Monitoring Indian Economy (CMIE) showed.
This prompted the government to increase the import duty on gold in January. But the levy didn't seem to have much impact with gold imports surging 27.9% y-o-y in value terms to Rs 29,425 crore in February.
Indian government has been trying to limit imports to keep a lid on record current account deficit, and the economic advisory council expects the country to import $45 billion tonnes of the yellow metal in the year to March 2014.
Sumber : Google
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