India imported 91 tonnes of gold in September, compared to 12 tonnes a year earlier, the source said on Monday on condition of anonymity as he is not authorised to speak to media. In value terms, September imports surged to $5.1 billion from $601 million a year ago, he said.

First published here: India's gold imports surge nearly 8 times in September as prices drop: Source

CLSA initiated coverage on both Muthoot Finance and Manappuram Finance with 'buy' ratings and projected 24 per cent and 33 per cent upside, respectively, over the next 12 months. “Such high profitability with low balance sheet risk justifies a high PB multiple,” CLSA said.

First published here: Gold finance stocks could be a less risky way to play formalisation theme

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article69465.html

First published here: US Close to Hitting the Debt Ceiling: Gold Doesn’t Care

Precious metals advanced for a second day in a row on Friday, but they divided on the week. Gold and silver eked out another weekly win — their second straight, while platinum and palladium...

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First published here: Gold and Silver Log Second Straight Modest Weekly Gains

Precious metals rebounded Thursday from their heavy, prior-day losses, trimming a bit away from their monthly and third quarter declines. Gold for December delivery bounced $34.10, or 2%, to settle...

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First published here: Gold, Silver, Platinum and Palladium Tumble in September and Third Quarter

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article69456.html

First published here: Dovish to Hawkish Fed: Sounds Bearish for Gold