Bullion News

SimplexDiam Inc. announced a 73% recovery on Fortunoff's loose diamonds. Simplex recovered 87.6% (73% of 120 cents) on wholesale cost  which is unprecedented in history as opposed to the 35%-55% one normally sees, CEO Yogesh Madhvani said.
According to experts, gold prices at present are strong enough to take the impact of the International Monetary Fund’s (IMF) plan to sell around 400 tonnes of gold by the end of the year.
It is better for investors to go for exchange-traded gold funds, especially if they are looking for a hassle-free investment option. These are mutual fund schemes investing in gold that you can buy and sell in a stock exchange. Since you don’t own gold in the physical form, you don’t have to worry about liquidating it. You can sell the units of the scheme in a stock exchange at prevailing prices. Though it may look the most convenient form of owning gold, the idea is yet to catch up with common investors.
Symbol
Traded Date
Unit
Price
02 Jul 09
100 KGS
2165
02 Jul 09
1 MWH
4521
02 Jul 09
1 MWH
4521
02 Jul 09
1 USGLN
84.9
20 Apr 09
1 KGS
8259
Symbol
Expiry Date
Unit
LTP
15 Jun 09
1€
138.90
18 Sep 09
1€
140.73
05 Jun 09
1tr OZ
973.00
07 Aug 09
1tr OZ
932.90
07 Oct 09
1tr OZ
934.10
MCX-SX Currency rates
Product
Exp.Date
Buy Price
Sell Price
LTP
USDINR
29 Jul 09
48.0625
48.065
48.07
USDINR
27 Aug 09
48.1625
48.19
48.1675
USDINR
28 Sep 09
48.24
48.3
48.275
USDINR
28 Oct 09
48.32
48.7875
48.14
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