Gold, silver prices turn weak on sluggish demand


Gold, silver prices turn weak on sluggish demand

Gold prices declined marginally at the domestic bullion market today due to subdued buying by stockists. Silver also dropped owing to lack of demand. Standard gold of 99.5 per cent purity shed Rs 65 to end at Rs 27,840 per 10 gm from last Saturday's …
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Contrarian Play: Buying CEF or buying gold and silver bullion at a discount

This writer's understanding is that gold is money (all else is credit–J.P. Morgan)–if it wasn't, then gold's U.S. dollar price would probably be 50% to 95% lower. Gold is not a currency due to our fiat currency laws (coercion), and gold is NOT an …
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FOCUS: Chinese Gold ETPs Generating Investor Interest But Won't Change …

Melek added that at current prices, $400 million won't buy enough gold to dramatically impact the supply in the marketplace. As of 1:31 p.m. EDT Monday, spot gold was at $1,383.90, which with the firm's target would equal slightly more than 289,000 ounces.
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