Physical

India to reconsider gold import restrictions by March end

By Paul Ploumis | January 27, 2014

The Indian finance ministry announced yesterday that they will be reconsidering the import restrictions imposed on gold by March end. The Finance Minister of India, Mr. P. Chidambaram on Monday informed that the Govt. will be taking actions regarding the current gold import restrictions soon.

India’s gold exports fall by 30%

By Jan Skoyles | January 17, 2014

Physical buying in India is also set to remain steady as citizens look to buy gold ahead of the wedding season. Exports of gold jewellery from the country fell by 30% to $443.19 million, in December from the previous year.

Coin shortage and rationing: A Possible threat to gold buyers!

By Paul Ploumis | January 14, 2014

Caught by a number of factors, the global minting industry is experiencing coin shortage crisis together with the possible threat of rationing. The Central Bank of India in 2013 had imposed various restrictions and norms over the gold import and trading which had considerably hindered gold purchases in the country.

Get your gold coins while you can, U.S. mint sees strong sales

By Jan Skoyles | January 14, 2014

Coin demand remains strong, the U.S. Mint yesterday reported coin sales of 63,000 ounces, 9,000 more than sold in December 2013. Similar demand has been seen here at the Royal Mint where ‘exceptional demand’ has run stocks of the 2014 Sovereign gold coins dry.

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