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Gold in India trades at premium for first time in 9 months, dealers say
By Rajendra Jadhav
Reuters
Wednesday, October 19, 2016
Gold prices in India swung to a premium for the first time in nine months today as jewellers and dealers in the world's No.2 consumer of the metal ramped up purchases ahead of major festivals.
Dealers were charging up to $2 an ounce over official domestic prices, the first time premiums have been seen since mid-January, said Bachhraj Bamalwa, director at the All-India Gems and Jewellery Trade Federation.
Gold importers have traditionally charged premiums to mitigate risks they take due to currency and price fluctuations.
But the precious metal had been trading at a discount for most of this year due to weaker-than-usual demand and a rise in smuggling. Discounts hit a record high of $100 an ounce in July. ...
... For the remainder of the report:
http://www.reuters.com/article/india-gold-idUST9N0WW042
13.4 Trillion Reasons Why New BMG Silver BullionFund
Makes Sense for Investors Looking for a Safe Haven
Company Announcement
Monday, October 17, 2016
TORONTO, Ontario -- Bullion Management Group Inc., a Canadian pioneer in precious metals investing, has expanded its line of bullion funds with the launch of BMG Silver BullionFund. The new fund invests exclusively in physical silver bullion. It is designed for investors seeking to add silver to their precious metals investments that offer long-term security and potential capital growth.
BMG Silver BullionFund is an open-end mutual fund trust that can be purchased and redeemed daily at net asset value and is eligible for TFSA, RRSP, and RESP investments.
Nick Barisheff, president and CEO of BMG, believes that there are several important reasons why investors looking for a safe haven are adding bullion to their portfolios. He observes that $13.4 trillion of government bonds worldwide now offer yields below zero. ...
For the remainder of the announcement:
http://bmgbullion.com/13-4-trillion-reasons-new-bmg-silver-bullionfund-m...
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