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.