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 Nov 07, 2009  
 
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Indian investors dump gold for silver
Sales of silver coins and biscuits have gone up this week. Raw silver sales have risen by at least 30 per cent from any normal day. This week pure gold (.999) prices opened to an all-time high of Rs 1....
 
Vedanta profit tanks 46% in H1
The company's attributable profit for the first half of the current fiscal stood at $188.2 million as against $350 million in the year-ago period, Vedanta Resources said in a statement. The company is....
 
DuPont eyes 20% earnings per share for 2009-12
America-based multi-segment major, DuPont (NYSE: DD) has set the target to generate about 10% of top-line compounded annual growth for the 2009 – 2012, with estimated full-year earnings of 20% p....
 
Gold to scale Rs 17K peak soon in India
During the Diwali week, in spite of the high prices of gold, the Indian buyers bought 57 tonnes of the gold. And the weakening dollar is set to boost the gold prices and it would touch Rs 17,000 per 1....
 
Aquarius Platinum posts 66% drop in revenue
For the year it achieved a total output of 455675 ounces of PGM, which was 9% lower than the previous financial year, following the close of the Everest Mine. South Africa-based Aquarius Platinum was ....
 
Erin-Pageland to buy Santa Rosa Gold Mine

Erin Ventures in association with Pageland Minerals Ltd has entered in to a pact to acquire 100% rights in Santa Rosa Gold Mine in Panama. When the mine was shut down, gold resources remaining were....

 
Platinum ETF in US may change PGM scene
The market does need to remain aware, however, that these ETFs are highly liquid and that a heavy spell of redemptions could prompt a significant fall in price, the bank said. This possibility is, tho....
 
PGMs, silver will gain: Scotia Mocatta
Scotia describes the falls in the platinum group metals prices last year as a reality check, but argues that the steady rebound across the sector is fundamentally justified and looks to be sustainable....
 
Exchanges allowed to set trading hours
Securities and Exchange Board of India (SEBI) on Friday decided to permit Stock Exchanges to set their trading hours (in the
cash and derivatives segments) subject certain conditions.
....
 
Damas’ jewellery sales shoot up during Diwali
Damas 22K segment stores registered very encouraging results during the promotion period between October 1-72009, which was incidentally the longest in the jewellery sector of the region, offering its....
 
'India withstands crisis, 6.4% growth likely in FY'10'
The consumer durables segment has shown a spectacular recovery. In the last five months it has grown by an average of 15%, compared with a meagre 0.5% for the preceding five-month period. However, thi....
 
Silver beats gold this festival season in Gujarat
Gold and silver prices are ruling at all time high levels. The gold prices have surged more than two times in last five years. Last Dhanteras, gold was quoted around Rs 6,900 per 10 gm, which is now R....
 
Now try jewels online at home
This month Ace Jewelers introduced Holition Augmented Reality on the website, this is a new revolutionary technology, makes it possible to try on your favourite ring or wristwatch in front of a comput....
 
Gold fails to shine on India festival day
Traders said buying activity in domestic markets declined sharply as retail customers refrained from making purchases in gold, after it surged to an all-time high of Rs 16,250 per 10 gm in the previou....
 
Suzlon Energy completes 19.5 MW GMDC project
This first 19.5 MW project forms part of the GMDC’s larger roadmap to develop 100 MW of wind power capacity. Speaking on the project, the GMDC spokesperson said: “Diversification into wind....
 
Mad rush to buy gold on Dhanteras in India
Gold scaled record heights in India this week with the prices crossing Rs 16,000 per 10 gm on Wednesday. And buyers have been watching the prices and keeping away from the market for some time. But, t....
 
Chinese auto industry to boost platinum, palladium
With the global auto industry also expected to stabilise and recover over the coming 12-18 months, demand for the PGMs continue to remain solid. We expect this solid demand to lead to a strong price r....
 
Gold bars in short supply during festive season
Gold sales are in complete contradiction to the dull market seen last year. This despite the fact that told prices have made a steep hike from Rs 12,200 to Rs 16,200 per 10 gm and this could remain mu....
 
Can China Survive the 'The Hummer Syndrome'?
Sadly, the road the Chinese are embarking on is already well mapped. When GM bought Hummer, gas at the American pump was hanging out around $1. By the time GM shares peaked in 2000, it had increased 7....
 
China discovers large gold mine in Qinghai
China’s Bureau of Geology and Mineral Resources (BGMR) announced the discovery of fresh gold findings in country’s Northwest Qinghai Province.....
 
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