An inspiration from Mainland China‘s incredibly successful Shanghai Gold Exchange guided India to develop a well-regulated spot gold exchange. Turning An Idea Into Reality India is the second-largest consumer market for gold and intends to create a national gold market with many resources available in the country. Several banks and […]
Recently, the price of gold hit all-time highs on Monday, August 5th, 2019. Along with many currencies including the British pound, the Japanese Yen, the Indian Rupees, the South African Rand, the Canadian dollars, and Australian dollars. What causes the yellow metal to rise? Not too long ago, the United […]
Gold to Silver Recently, the Gold to Silver ratio has kicked off a 30 year extreme in less than six weeks. The last time we saw this ratio was back in 1993. Historically, the rate is about 45 ounces of silver to one ounce of gold. The average ratio since January […]
Change in precious metals Gold price increased on Thursday, June 20th, 2019 as Iran shot down a U.S Military drone. The price of Gold (US: GC100) (+3.35%) rose $45.20 to settle at $1,390.60 an ounce. Based on the variations, the precious metal marked the highest percentage gain since 2016. Investors are still adjusting […]
Over the last decade Russian Federation nearly quadrupled its Gold Reserve, accounting for 42% percent of all purchases by central banks worldwide. According to Bloomberg, 2018 marked the most “ambitious year yet” for Russia gold buying. And as of May 2018, Russian Central Bank liquidated $81 billion in Treasuries, almost […]
