4 May 2013
Berita Semasa 4 Mei 2013 ...
Investor demand drives Silver last year
Robust global silver investor demand was the dominant driver of silver prices last year, accounting for almost a quarter of total silver demand.
Investors remained significant net buyers of silver in 2012, as evidenced by the 21 percent increase in implied net silver investment, according to “World Silver Survey 2013,” by the Silver Institute.
That figure represents approximately $8 billion on a net basis, substantially above the annual average of $1.2 billion over the 2001-10 time frame.
Investment includes physical bar investment, exchange traded funds and fund activity on Comex) to set an all-time high of 160.0 Moz. By comparison, in 2004, the level of implied net silver investment was 5.4 Moz.
Robust global silver investor demand was the dominant driver of silver prices last year, accounting for almost a quarter of total silver demand.
Averaging $31.15 per ounce, 2012’s price level was the second highest on record, behind the average reached in 2011. While last year was a volatile year for most precious metals, globally, silver investment rose to a total of 252.7 million troy ounces.
Global silver ETF demand was robust, up by 55.1 Moz last year, hitting a historic high of 631.4 Moz. Total ETF holdings rose to a record $18.9 billion at year-end, up 16 percent from the figure recorded at year-end 2011.
Buoyant investor interest was also seen in demand for coins & medals at 92.7 Moz in 2012, the third highest level ever recorded. Coin minting in China posted a strong increase, realizing a 47 percent gain over 2011.
Total silver fabrication demand in 2012 dipped to 846.8 Moz, reflecting losses in key areas. Industrial silver fabrication slipped by 4 percent to 465.9 Moz, the result of the challenging economic environment seen in many industrialized countries.
However, India recorded a 4 percent gain while China experienced a small increase in industrial demand.
Worldwide jewelry fabrication at 185.6 Moz remained effectively unchanged from 2011, thereby proving far more resilient than gold with its 4% decline.
Growing consumption in India and China for silver jewelry offset softer western markets. Photographic demand for silver fell to 57.8 Moz, while the silverware sector slipped to 44.9 Moz due to ongoing structural factors and economic weakness.
Sumber : Google
3 May 2013
Berita Semasa 3 Mei 2013 ...
Gold recovers faster in Nepal
Demand for gold has doubled in Nepal due to massive drop in prices last week and the advent of the wedding season.
Gold prices recovering faster in Nepal but not in accordance with global prices or those fixed by two umbrella bodies of gold jewelers in the country.
Analysts said gold prices has been increasing at an average of around Rs. 500 per tola (11.664 gm) almost every day since last Friday following the price fluctuation in the international market.
As a result, the price of the precious metal in the domestic market increased by Rs. 499 per tola to Rs. 51,999 per tola even on Thursday following an increase in the international market, according to Nepal Gold and Silver Dealers’ Association.
Similarly, the bullion market witnessed upward trend since the beginning of the trading day this week as price had increased by Rs. 500 per tola on Sunday, Rs. 300 per tola on Monday Rs. 200 per tola on Tuesday and Rs. 500 per tola to Rs. 51,500 per tola in the domestic market on Wednesday.
After the massive fall in the price - by Rs. 3,300 per tola on Monday and Rs. 3000 per tola on Tuesday last week - gold the price has been continuously increasing
Gold price jumped by Rs 500 per tola (11.664 grams) in the domestic market on Thursday, making it Rs 52,000 per tola.The precious yellow metal was traded at Rs 51,500 per tola on Wednesday.
Demand for gold has doubled in Nepal due to massive drop in prices last week and the advent of the wedding season.
Nepal's daily demand for gold at present hovers around 60 kg, up from average daily demand for 30 kg.
The gold wholesalers at the local bullion market have started charging own-money of Rs 500 to Rs 1,000 per tola from retailers citing shortage of gold.
The fall in gold prices is found of no benefit to the customers as wholesalers after creating artificial shortage of gold started charging premium on per tola from Rs 500 to Rs 1,000 from retailers.
Sumber : Google
2 May 2013
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