“Asia’s bullion supplies snagged by logistics”

IMG-20210304-WA0016.jpg

Asia’s appetite for bullion is being tested by a global disruption in logistics that is still ongoing despite easing lockdowns, Padraig J Seif, partner at Precious Metals Asia, a leading Hong Kong-based bullion supplier told Indo Asian Commodities. With flights across the region far below capacities prior to Covid, air cargo rates for the precious metal have shot […]

Read more

NSE and other exchanges to set up international bullion exchange at GIFT City, Ahmedabad

The National Stock Exchange (NSE) has teamed up with other commodity exchanges to set up an international bullion exchange, clearing corporation, and depository at the GIFT City in Ahmedabad, Gujarat. The other signatories are Multi Commodity Exchange of India Ltd, India INX International Exchange Ltd, National Securities Depository Ltd and Central Depository Services (India) Ltd, according to a press release. The […]

Read more

BSE becomes first exchange to execute deliveries of Made-in-India Gold mini contracts

gold-1.jpg

The BSE or the Bombay Stock Exchange  has become the country’s first exchange to complete deliveries of Gold mini contracts under BSE-BIS India Good Delivery Standard on its commodity derivatives platform. Even though the BSE had launched India’s first ‘options in goods’ contracts on gold mini and silver kg based on spot prices in June 2020, these contracts […]

Read more

Renovation work at Dutch Central Bank offices leads to shift of billions of dollars worth of gold bars and coins

gold2.jpeg

Along with the bullion worth 10 billion euros ($ 11.7 billion), the Dutch Central Bank also shifted bills worth another 4.5 billion euros ($ 5.3 billion) in an operation that was led by the Royal Dutch Military Police. A report by the Associated Press called it the “gold standard of road trips.”  The cash and […]

Read more

Indian gold imports hit three-year low in September 2019, as prices jump

India’s gold imports plunged 68 per cent year on year in September to their lowest in more than three years as record domestic gold prices curbed retail buying, reported Reuters last week. Lower imports by the world’s second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, […]

Read more