Slow trading over Jain Paryushan festival and HinduGanesh Chaturthi holiday. High gold price and declining currency (INR 72/$1)impacting domestic jewelry demand. Jewelry manufacturers compensating byreducing diamond content. Cutters maintaining low production until October 27Diwali break, with some smaller units already closing. Polished inventorylevels went down in last month, but still higher than previous years.
Round
Recent NewsMonetary-driven precious metals outperform major base metalsSeptember 09, 2024 / www.canadianminingreport.com
Gold stocks hit by plunging equities marketsSeptember 09, 2024 / www.canadianminingreport.com
Gold stocks down as metal and equities momentum fadesSeptember 02, 2024 / www.canadianminingreport.com
Another Kazatomprom guidance announcement shakes uranium priceSeptember 02, 2024 / www.canadianminingreport.com
Major monetary drivers still supporting goldAugust 26, 2024 / www.canadianminingreport.com
|