Gold prices in Europe market september 7 2011

Gold prices in Europe market september 7 2011 : Gold prices fell by nearly 3% in Europe on Wednesday after a sharp rally in stock markets prompted nervous investors to cash in gains after the precious metal's rally to record highs in the previous session.

Gold was set for its most volatile day in two weeks, with price swings of nearly US$80, just shy of late August's US$104 difference between session peaks and troughs.

The focus was on lack of growth and perhaps the Swiss decision and some stabilisation of (equity) markets has perhaps made people a bit less depressed about growth and that buying has come out of the market.

Reflecting the investor retreat from gold over the past few days, even with a rise in the price to record highs, was a fifth consecutive decline in exchange-traded fund holdings of gold – a key gauge of investment demand. Holdings are at 67.38 million ounces, their lowest in six weeks.

Support from current levels is likely to continue to come from the euro zone debt crisis. The bloc's most indebted nations are struggling to convince investors of their commitment to reduce debt, as Germany, the euro zone's biggest economy, faces opposition to further aid.

In a closely watched decision, Germany's Constitutional Court on Wednesday rejected a series of lawsuits aimed at blocking Germany's participation in bailout packages for Greece and other euro zone countries.

It said however that parliament must have a bigger say in future rescues, which could further slow down Europe's response to the debt crisis.

The news helped assets seen as higher risk to rise, briefly lifting the euro against the dollar but pressuring German Bund futures. European shares rose sharply, bouncing from a two-year closing low.

gold rate in pakistan 22k 24k per tola today

gold rate in pakistan 22k 24k per tola today : Gold rates in Pakistan, Gold Rates Karachi today , Gold Rates Hyderabad, Gold Rates Lahore, Gold Rates Multan, Gold Rates Islamabad, Gold Rates Rawalpindi, Gold Rates Quetta, Gold Rates Faisalabad, International Gold Rate.

City	24K Per Tola	24K Per Tola
Karachi	Rs. 60,800.00	Rs. 47,771.00
Hyderabad	Rs. 60,800.00	Rs. 47,771.00
Lahore	Rs. 60,800.00	Rs. 47,771.00
Multan	Rs. 60,800.00	Rs. 47,771.00
Islamabad	Rs. 60,800.00	Rs. 47,771.00
Faisalabad	Rs. 60,800.00	Rs. 47,771.00
Rawalpindi	Rs. 60,800.00	Rs. 47,771.00
Quetta	Rs. 60,800.00	Rs. 47,771.00

Last Updated: September 07,2011 (Source: Karachi Saraf Jewellers Association)

why gold silver price down september 7 2011

why gold silver price down september 7 2011 ; Gold Bullion prices fell to around $1833 per ounce Wednesday morning in London – 4.5% below yesterday's record intraday high.

Stocks and commodities gained and government bonds fell after Germany's highest court ruled the country's bailout policies are not in breach of its constitution.

Prices for Silver Bullion dipped to a low of $40.86 around lunchtime – a 5.5% loss for the week so far. From a physical perspective, demand for gold remains supported by India's wedding season and desperate Chinese customers.

Earlier on Wednesday Gold Bullion prices saw a sudden drop during Asian trade – losing 2.3% in two hours.

The Swiss franc dropped 7% against the euro after the Swiss National Bank settled the national currency at 1.2 against the euro in an attempt to protect the Swiss economy from the European debt crisis.

Gold prices also dropped almost 0.6 percent at $1,891.60 per ounce, having risen earlier to a record $1921,5 an ounce.

gold silver price news today september 7 2011

South African Foreign Reserves Increase 2.7% in August on Gold Price Surge.
South African reserves advanced 2.7 percent in August as a surge in the gold price boosted the value of the country’s bullion holdings. Read More...

Gold Falls after German Court OKs Euro Aid
Gold prices fell around the world Wednesday after a German court cleared the way for Europe's richest nation to help its weakest ones and a slew of encouraging news lifted global stock markets. Read More...

Gold Bullion Price Falls, "Green Light" for more Euro Bailouts
The Bundestag is due to debate a proposal to increase the size of the Eurozone's current bailout mechanism – the €440 billion European Financial Stability Facility – later this month. Read More...

Gold Falls Sharply In Asia May Be Volatile
Gold fell sharply in Asian trade Wednesday, losing 2.3% ahead of the European session and catching traders and analysts by surprise, but fresh buying helped pare some of its losses. The yellow metal, which touched a high of $1,920.94 a troy ounce Tuesday, fell to an intraday low of $1,830.30/oz. Gold moved in and out of negative territory for most of the session amid minor profit taking and safe-haven buying. Read More...

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gold price today september 6 2011

gold price september 6 2011 : GOLD prices topped $US1900 a troy ounce today as worries about slowing growth and European debt whetted appetite for the metal’s perceived safe haven.

Gold for December delivery rallied $US25.90 to $US1902.80 an ounce in electronic trading on Globex. The contract had risen as high as $US1908.40 an ounce, according to data from FactSet.

Gold futures rose rapidly to touch a record $US1912.29/oz on August 23 before falling more than $US200 in the next 48 hours after US exchange operator CME Group hiked trading margins on gold futures.

Demand for bullion gained as US stock-index futures and European equities fell.

An election defeat for German Chancellor Angela Merkel’s party prompted worries about whether support for helping Europe’s debt-ridden would decline.

Earlier in London, spot gold was hovering about the key $US1900 a troy ounce mark, and was expected to soon rise back toward record territory, as deepening concerns over global growth prompt investors to abandon risk assets in favor of perceived safe havens, like bullion and core government bonds.

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gold silver futures prices september 5 2011

gold silver futures prices september 5 2011 : India's benchmark gold futures jumped nearly 2 percent on Monday afternoon to hit a record high of 28,350 rupees, buoyed by a rally in the world market and on a weak rupee.

Meanwhile, gold prices rose back above $1,900 an ounce in London as expectations grew that United States could implement a further round of monetary easing after Friday's weak payrolls data, while concerns over the euro zone debt crisis resurfaced.

Spot gold was up 0.9 percent at $1,901.50 an ounce at 0916 GMT. It is one of this year's best-performing commodities, up by more than a third in 2011 to date.

Gold had a choppy month in August, peaking at a record $1,911.46 an ounce and trading within its biggest range in absolute terms since January 1980, when gold hit a record $835 an ounce, or above $2,000 in inflation-adjusted terms. Read Gold prices prediction september 2011

Managed money in gold futures and options reduced their net length for a fourth straight week to August 30, the latest data from the U.S. Commodity Futures Trading Commission showed late on Friday.

"Current positioning is in line with the year-to-date weekly average, and considering the uptick in both U.S. and European risks this week, we certainly don't consider current spec positioning as been excessive," UBS said in a note.

Sales of gold and silver American Eagle coins were at their highest since January in August, meanwhile, data from the U.S. Mint showed. The Mint sold 112,000 ounces of gold coins and 3.68 million ounces of silver coins last month.

Gold prices quickly shrugged off news that the Shanghai Gold Exchange had temporarily raised trade margins -- which cover the risk of default -- for its gold and silver forward contracts.

A margin requirement hike on COMEX gold contracts was instrumental in pulling gold from record highs last week.

"It's not going to have a major effect," said Standard Bank's de Wet. "A lot of demand we see out of Asia is physical rather than speculative."

Among other precious metals, silver was flat at $43.19 an ounce. Holdings of the world's largest silver-backed exchange-traded fund, the iShares Silver Trust , rose 35 tonnes on Friday, the trust said.

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WGC Gold prices and demand in India forecast 2020

WGC Gold prices and demand in India forecast 2020 ; Gold demand in India will continue to be robust in the next decade. The cumulative annual demand will be in excess of 1,200 tonnes by 2020, valued at about Rs 2,50,000 crore at current price levels, registering a growth of 33 per cent.



As per World Gold Council (WGC), gold demand in India is about to rise 33% by 2020. The cumulative annual demand will be in excess of 1,200 tonnes by 2020, valued at about Rs 2,50,000 crore at current price levels.



According to a new research conducted by the World Gold Council (WGC), the demand for gold in India would be driven by rapid GDP growth, urbanization and rise in income and savings levels of the consumer. The gold purchasing would increase by almost three per cent per annum over the next decade.



Gold purchases in India accounted for 32 per cent of the global total in 2010. Mahesh Vyas, managing director & CEO, CMIE said, “Our macroeconomic forecast to 2020 shows India is poised for a very strong period of economic growth and this has significant, positive implications for all forms of gold purchasing in India.”



The research highlights that with 50 per cent of the Indian population under 25 and approximately 150 million weddings anticipated over the next decade, which will drive gold consumption. The WGC expects that wedding related purchasing alone would drive around 500 tonnes a year in India. A further 500 tonnes of existing gold will be gifted by one family to another.

gold statistics last 6 months in india

Gold Statistics For Last 6 Months In India, Gold has been widely used throughout the world as a vehicle for monetary exchange or in the form of investment to hedge against inflation or in the form of jewellery.



All these factors are the reasons for hyping gold demand day by day. Seems like this non stop demanding nature of gold will lead it to its boom where it would be like a dream for a common man to purchase it.Read More...



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Gold prices forecast will likely march $2,000 an ounce end of this year 2011

Gold prices forecast will likely march $2,000 an ounce end of this year 2011 ; As traders close the books on August, the volatility that was the hallmark of this month’s activity is likely to continue into September and year-end. Market watchers said the factors that caused the run up continue to be in place for Gold – strong speculative interest, worries about the eurozone debt problems and political intransigence in the U.S.



Gold prices will likely march even higher, with $2,000 an ounce expected by the end of this year, if not sooner; however, sizable price swings probably will accompany the uptrend.





Most-active December gold futures on the Comex division of the New York Mercantile Exchange settled at $1,831.70 an ounce on Wednesday, up $1.90. On the month, gold prices rose 12%, about $200.



The summer is normally supposed to be a quiet time of weaker prices for the gold market, but that wasn’t the case this year. Investors sought the safe-haven of gold as worries in Europe, whether it was the funding of European banks or the economic health of southern-tier countries. A fractious debate between Republicans and Democrats over raising the debt ceiling also led to “risk-off” trading.



All of that pushed prices to all-time nominal highs of $1,917.90 – and for a short-term pushed the market capitalization of the largest gold exchange-traded fund, SPDR Gold Trust (GLD), above the SPDR S&P 500 (SPY) EFT, normally biggest ETF.



That sort of action in gold suggested an extreme level of speculative participation, said Bill O’Neill, one of the principals with LOGIC Advisors.



After reaching that all-time nominal high, gold prices fell $200 swiftly, but since the break the market has recouped about half of those losses.



“I think it (the price break) was healthy and it needed to develop,” O’Neill said.



Prices did not stay at those initial lower levels for long, something which surprised several market watchers.



“Some people expected gold to back down to $1,600, but here we are end of the month and we’re above $1,840. I’m impressed with how it rebounded,” said Mike Zarembski, futures analyst with options Xpress.



O’Neill said there was strong buying on the break in gold, particularly out of Asia and Europe.



Now, the market is headed into September and the fourth-quarter of the year, seasonally a strong time for prices. The long-term trend is higher, but that doesn’t mean prices will go straight up. Zarembski and O’Neill expect more of a two-sided trade, which means volatile action could be the norm. Read Gold prices prediction september 2011





“We didn’t put to rest anything that caused the volatility in August. There was a lot of upheaval and nothing was solved…. I see a very volatile fourth quarter as nothing has been decided in the U.S. and E.U.,” Zarembski said.



O’Neill also said there is more of an inflation threat now than there was earlier this year, giving Gold more support.



Dave Meger, director of metals trading at Vision Financial Markets, said the heightened speculative trading in gold is why the market will depart from its usual slow grind higher into the end of the year and become more erratic. “We absolutely expect it to more volatile… to see more back and forth,” he said.



Volatility is good news for short-term traders who like to take advantage of price swings, but not necessarily for the long-term investor. “The buy-and-hold investor needs to believe in the underlying fundamentals… I don’t recommend chasing rallies, especially over the next couple of weeks. Dips will be your buying opportunities,” Meger said.



O’Neill suggested long-dated options with a bullish bias as another way to play rallies in a conservative manner. Long-dated options are essentially options that don’t expire right away.



Both O’Neill and Zarembski said gold prices could go to $2,000 by the end of the year, with Zarembski saying that level could be hit by Thanksgiving if there is another break in the equities markets because of bad economic news or governmental problems in the U.S. or E.U.



But Zarembski doesn’t rule out a trip to $1,600, either. If there is another “risk-off” move and traders decide to move to cash, then gold prices could suffer. Also, he said, the market acts as if it wants to trade to $2,000. Once it accomplishes that task, it could retreat.



“I think we’ll go to $2,000, have one blow-off type move (up) and then pull back,” Zarembski said.



Mark Leibovit, chief market strategist, VR Gold Trader.com, said while he remains long-term bullish gold, he’s watching for a possible pullback in the short-term for gold after spot prices hit resistance at $1,841 and pulled back to $1,810.



“We sometimes see a pullback into early September before we resume higher…. Should a large sell-off unfold now or at a later date, the 40-week moving average … (currently standing around $1,490) should provide major support. A theoretical ‘head-and-shoulder’ technical pattern suggests that if we take out $1,702, we could see $1,500 - so the two indicators match up in that regard,” he said.



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best gold and silver ETF funds 2011

best gold and silver ETF funds 2011, best gold and silver stock 2011 : Top 10 best gold and silver ETFs that trade on major U.S. exchanges. We’ve ranked them by volume, as some of the niche ETFs in the precious metals market are so thinly traded they can be subject to extreme price volatility or – in some cases – underperformance when compared with the underlying commodities they’re supposed to track.



iShares Silver Trust (ETF) (NYSE:SLV), Volume 38 million shares The world’s largest silver ETF, the iShares Silver Trust currently holds 10,764 metric tons of silver. That’s a lot of ingots. The SLV is the second-strongest performer on our list of the Top 10 gold and silver ETFs, getting shown up only by the Ultra Silver ETF (a double-long silver ETF). With an average volume around 38 million, SLV is easily the most active gold and silver ETF on the market. 12-month performance: +107 percent



SPDR Gold Trust (ETF) (NYSE:GLD), Volume 17.4 million shares Among the most well-known ETFs on the exchanges, it’s more common to hear the SPDR Gold Trust referred to by its ticker: GLD (that’s when you know you’ve made it). The GLD currently has a market cap of more than $56 billion. 12-month performance: +26 percent



Market Vectors Gold Miners ETF (NYSE:GDX), Volume 5.8 million shares The GDX seeks to mirror the NYSE Arca Gold Miners Index – an index that’s weighted toward large-cap gold mining stocks. The index’s single largest component stock is Barrick Gold Corporation (USA) (NYSE:ABX), which makes up nearly 17 percent of the index’s weighting. 12-month performance: +29 percent



iShares Gold Trust (ETF) (NYSE:IAU), Volume 5.2 million shares A physical gold ETF, the iShares Gold Trust has largely played second fiddle to GLD. IAU has a market cap of $5.4 billion while GLD’s market cap exceeds $56 billion. 12-month performance: +26 percent



SPDR S&P Metals and Mining (ETF) (NYSE:XME), Volume 2.8 million shares The SPDR S&P Metals & Mining ETF mirrors the S&P Metals & Mining Select Industry Index by buying baskets of shares in metals and mining stocks. The index is comprised not just of precious metals but steel, coal and consumable fuels, aluminum and other metal and mining-related stocks. Most recently, the ETFs largest holding was Australian iron ore and coal producer Cliffs Natural Resources Inc. (NYSE:CLF), which made up 4.71 percent of the fund’s holdings. 12-month performance: +26 percent.



Market Vectors Junior Gold Miners ETF (NYSE:GDXJ), Volume 1.8 million shares The Market Vectors Junior Gold Miners ETF mirrors the Market Vectors Junior Gold Miners Index. Since the Junior Gold Miners Index is comprised of small- and medium-cap gold mining stocks, the GDXJ is subject to more volatility than the GDX, which is geared toward larger mining companies. When the industry’s doing well, GDXJ does even better. 12-month performance: +53 percent



ProShares Ultra Silver (ETF) (NYSE:AGQ), Volume 1.59 million shares The AGQ ETF invests in silver futures and forwards as it seeks to return 2X the daily returns of silver as measured by the U.S. Dollar fixing price for delivery in London. It’s a very bullish bet that silver’s going to rise in the coming days. Just don’t be caught holding it if sentiment shifts away from the metal. 12-month performance: +266 percent



PowerShares DB Gold Double Long ETN (NYSE:DGP), Volume 476,000 shares DGP invests in gold futures contracts as it attempts to return 2X the daily price of gold bullion as measured by movements in the Deutsche Bank Liquid Commodity Index – Optimum Yield Gold. 12-month performance: +53 percent



ProShares Ultra Gold (ETF) (NYSE:UGL), Volume 223,000 shares UGL seeks twice (200%) the daily performance of gold bullion by investing in gold futures and forwards. The fund has shot up 12 percent over the past month. 12-month performance: +51 percent



ETFS Gold Trust (NYSE:SGOL), Volume 151,000 shares SGOL is designed to reflect the performance of the price of gold bullion backed by physical gold that’s held in Zurich, Switzerland. The fund’s physical gold conforms to the London Bullion Market Association’s (LBMA) rules for Good Delivery. 12-month performance: +26 percent



Honorable Mention: Direxion Daily Gold Miners Bull 2X Shares (NYSE:NUGT), Volume 28,500 shares The newest of the offerings on our list, NUGT seeks to return 200 percent of the price performance of the NYSE Arca GoldMiners Index. Interestingly, the fund counts GDX (another gold mining ETF listed above) as its largest holding. 3-month performance: -4 percent. Source http://tradingstocks.bywayofmail.com/top-10-best-gold-and-silver-etf-funds/

Gold prices outlook september 1 2011

Gold prices outlook september 1 2011 : For the last few months the price of Gold has been at record highs! Many investors are wondering is now the best time to invest money in gold and silver.



Historically gold has always been a valuable assets and has never been worth nothing. I don’t think there will ever be a day when gold has no value.



Gold futures fluctuated between small gains and losses Wednesday, retracing some of the previous session’s steep gains but keeping above the psychologically important $1,800-an-ounce mark. Read Gold prices prediction for september 2011



Gold for December delivery +0.52% recently added $3.60, or 0.2%, to trade at $1,833.10 on the Comex division of the New York Mercantile Exchange.



Gold has risen roughly 12% so far this month, and nearly 30% year to date. The contract jumped $38.20, or 2.1%, to $1,829.80 an ounce in New York on Tuesday. See report on Tuesday’s gold trading.



Any level below $1,800 per ounce should see some buying because when prices went to $1,900, many investors were on the sidelines.



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TSX gold stock prices august 30 2011

TSX gold stock prices august 30 2011 : The Toronto stock market was slightly higher Tuesday thanks to rising mining stocks as prices for gold and copper advanced. Traders focused on worsening economic sentiment in Europe and the latest reading on how American consumers feel about the economy



The TSX gold sector advanced 1.2 per cent as the December bullion contract on the Nymex gained $32.50 to US$1,824 an ounce. Barrick Gold Corp. (TSX:ABX) was ahead 50 cents to $49.50 and Goldcorp Inc. (TSX:G) was ahead 63 cents to $50.93.



The September copper contract gained five cents to US$4.14 a pound, pushing the base metals sector up 0.3 per cent. Teck Resources (TSX:TCK.B) rose 35 cents to $42 while First Quantum Minerals (TSX:FM) rose 26 cents to $22.75.



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Why Gold and silver prices down august 29 2011

Why Gold and silver prices down august 29 2011 ; Metals prices are closing lower as increasingly confident investors move money out of hard assets and into stocks.



Gold prices are also falling because investment managers are selling gold to lock in gains made over the last month.



The Standard & Poor's 500 index rose 2.7 percent.



Gold and silver have jumped this summer on economic uncertainty and fears about inflation. Traders feel that gold and silver are a safer bet than stocks or currencies during times of weak growth or volatility.



Gold for December delivery fell $5.70 to settle at $1,791.60 an ounce. September silver lost 40.6 cents to $40.546 per ounce.

will gold price come down in pakistan

will gold price come down in pakistan ; Gold price has drastically dipped in local market by whopping Rs4,000 per tola. The plunge has served a severe blow to many a seasonal investor who had purchased gold on the heels of rise in the process of gold locally and internationally. A report said such investors have lost billions with the decline in price.



The All Pakistan Jewellers Association says the gold price has decreased by Rs4,000 to reach Rs57,000 a tola. Earlier, gold price had hit all-time high of Rs 62,000 per tola.





The All Pakistan Jewellers Association says the gold price has decreased by Rs4,000 to reach Rs57,000 a tola. Earlier, gold price had hit all-time high of Rs 62,000 per tola.



In the world market, gold prices tanked, down more than $150 in two days, as durable goods orders jumped in July and gold investors rushed for the exits.



Gold for December delivery plummeted $104 to close at $1,757.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,856.80 and as low as $1,761.10 during Tuesday s session, while the spot gold price was down $66.80, according to Kitco s gold index.



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how will silver price in 2012

how will silver price in 2012 ; Understandably with Silver exploding these last few weeks, there’s been much public interest in what’s really going to happen in 2011 – 2012 to Silver, and otherwise.



Even before the Crash JP Morgan campaign got properly going we’ve had $60 Silver predictions and various scenarios of Silver between $90-$714 Oz so this fantastic piece by Rob Kirby gives a little more insight into the skullduggery in the Derivates markets, and why JP Morgan might not be the only players getting crashed as Silver heads off up into the clouds..



HSBC forecasts Gold, silver Price for 2011, 2012, introduces 2013 guide

Investor demand now is the main driver for gold pricing, while traditionally important physical supply and demand components, such as jewelry demand and mine supply, have recently exerted little influence on day-to-day moves in the gold price. Read More...



future gold, silver prices predictions 2011

future gold, silver prices predictions 2011 , Gold was making a comeback while silver prices continued to sag Friday as the U.S. jobs number came in higher than expected. Read More...



Whats Really Going to Happen to Silver 2011-2012

Relative comparison along with analysis within the data sets sheds new light on the scope of the precious metals price management scheme. Read More...



Gold and silver prices hit record highs in the Middle East, debt shall

If the political unrest in the Middle East and North Africa continues and debt – namely the U.S. – to find a bear increases between the gold and silver bulls is becoming increasingly difficult. Read More...



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how high will gold go in 2012

how high will gold go in 2012 ; Gold surpassed US$1,900 an ounce for the first time this week as investors continued to snap up the safe-haven investment on growth concerns, while oil gained thanks to an unclear outlook for Libyan crude output. After strong gains for commodities at the start of the week, profit-taking set in ahead of a keenly awaited speech on the economy by US Federal Reserve Chairman Ben Bernanke.



PRECIOUS METALS: Gold rocketed to US$1,913.50 an ounce on Tuesday before sliding US$200 over the following days. Investors banked profits ahead of Bernanke’s speech and also as exchanges increased their fees on gold transactions, analysts said.



Barclays Capital forecast that gold prices, which have surged in recent months on economic uncertainty, would average US$1,875 in the fourth quarter, and US$2,000 an ounce next year.



Gold Prices Forecast 2012, hit $2000 a troy ounce

Gold Prices Forecast 2012, hit $2000 a troy ounce, gold prices prediction 2012, : The price of gold could hit $2000 a troy ounce over the next year, Aberdeen Asset Management has predicted, as investors look for a safe haven for their money. Read More...



Economist/Banker: How High Will Gold / Silver Go In 2011?

We are talking about REAL ASSETS over here. We cant devalue or multiply these real assets out of thin air. After stellar years for both gold and silver, what prices will precious metals hit in 2011? Here's an in-depth analysis based strictly on their price behavior in the current bull market. Read More...



Just How High is Gold Going to Go in 2011 – 2012?

2010′s most popular post was musing about how high silver is going to in 2011, with James Turk for backup. When that was written Gold was at $1280 and Silver was at under $21, Read More...



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gold prices forecast in india september 2011

gold prices forecast in india september 2011 ; As the prices of gold continue the volatility after last two weeks of rally when it increased anywhere between 1% to 2% per day, analysts say the yellow metal is in a very critical stage now. Analysts are still upbeat that gold could touch Rs 30,000 per 10 grams within two months,



when the festive season in India would trigger gold purchase. However, they also point out that a lot would depend on how the international events, involving the European Central Bank (ECB) and its help extended to PIGS (Portugal, Italy, Greece and Spain), unfold.



The investors are also monitoring the US monetary policy. The policy too could trigger investors to exit or enter gold futures depending on what comes out of it.



The price of gold futures on Friday touched Rs 26,655 per 10 grams for October futures at MCX. The price of the October futures had fallen to a two week low of Rs 26,451 on Thursday triggering a point of view that the rally in gold was over.



Analysts are, however; unanimous is predicting that there could be slight corrections in next week up to Rs 500.



"There is no bubble in gold as the fundamentals remain strong for the metal. India, which is the biggest buyer of jewellery in the world, would see a huge demand and prices could touch Rs 30,000 per 10 grams within next two months," said Hitesh Jain, Commodity Analyst at IIFL.



But analysts are also keeping a tab on international events and say that if the situation in Europe and US improve then investors would move away from gold to riskier investments.



"If the PIGS are bailed out and US recovery looks plausible post the monitory policy then you would see that investors would move towards riskier investments like equities or sovereign bonds after exiting gold. And presuming this happens, then prices of gold could touch Rs 24,000 per 10 grams," said Atul Shah, Head Commodities, Emkay Global Financial Services.



Industry experts say that the rally gold witnessed in the past two weeks was unsustainable and that a minor correction was always expected. Also after CME Group (a global derivative platform) raised the margin requirements on gold trading at its Comex unit for the second time in October increasing selling pressure on investors. The minimum cash deposit for borrowing from brokers to trade gold future was raised by 27%.



"There is also speculation that margins in India could go up too, which would affect the investors. But in India, physical demand is strong," added Shah. For those who have missed out on gold rally next week could be interesting as there would be an opportunity to enter the market, say analysts.

Gold prices forecast week august 29 2011

Gold prices forecast next week august 29 2011 ; Fears that prospects for growth in the U.S. and Europe were slipping pushed gold futures to their third record in as many days, as investors fled sinking equities markets and turned to perceived refuge assets. The contract for August delivery rose $27.70, or 1.6%, to settle at $1,818.90 on the Comex division of the New York Mercantile Exchange.



After gold’s $200-an-ounce price drop from nominal all-time highs of over $1,900, participants in the Kitco News Gold Survey are almost evenly split in their opinions, with a slight majority favoring higher prices. Read Gold prices prediction september 2011



In the Kitco News Gold Survey, out of 34 participants, 23 responded this week. Of those 23 participants, 10 see prices up, while six see prices down, and seven see prices sideways or unchanged. Market participants include bullion dealers, investment banks, futures traders and technical chart analysts.



Adrian Day, of Adrian Day Asset Management, was among participants expecting some modest strength in gold prices next week. “Up, though perhaps just a bounce from this week’s decline. We should expect further weakness for the next few weeks before a major advance towards the end of the year,” he said.



Those who saw higher prices said they expected the fundamental issues that are supporting gold, such as the Eurozone debt problems or turmoil in the Middle East, to support prices.



There are many participants who expect gold prices to eventually turn higher by the year’s end, but for the very short term, several participants expect the gold market to consolidate this week’s break. Several said gold prices could try and build a base at this level.



“While the December (futures) contract posted a bearish key reversal on its weekly chart, fundamentals (domestic and global economics) should continue to provide support. The contract should test resistance between $1,775 and $1,848,” said Darin Newsom, senior analyst, TelventDTN.



The few bears out there believe that the shake-out seen earlier this week is not done and that further weakness is coming. (source www.forbes.com )



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China's gold production predictions 2011

China's gold production predictions 2011 : China's gold production is expected to rise by more than 10% in 2011 from a year ago period. During the first half of the year, China's gold output grew by 5.18 tonnes, or 3.25% year on year to 164.42 tonnes, said the Ministry of Industry and Information Technology.



In June alone, the country produced 32.39 tonnes of gold, according to a statement on the ministry's website. The combined output value of Chinese gold producers amounted to $18.55 billion during the first half, up 23.37% from a year ago period.





Moreover, the gold producers' first half profits jumped 34.19% year on year. China is the world's biggest gold producer, having raised production every year since 2004. In 2010, output was pegged at 340.880 tonnes, up 8.6% from 2009.



In a recent report on the Chinese gold market, J P Morgan has noted that the China Gold Association expects Chinese gold investment demand to double within the next two years.



"Going forward, we believe the widening structural deficit in the supply and demand picture, long term demand for gold jewellery in China, India and other developing countries, persistent concerns regarding inflation, as well as the less transparent factor of sovereign purchases (that is likely to skew demand to the upside), will continue to give long term support to gold prices,'' the investment banker has said in a note to its clients.



In 2007, China made the most of its cost advantage to become the world's largest gold producing country, replacing South Africa. Analysts said China had long anticipated taking the No 2 position from the United States in 2009, but the rapid decline in output in the traditional major gold producing countries gave China the title about two years ahead of its own expectations.



Gold production is concentrated in the eastern provinces of Shandong, Henan, Fujian and Liaoning in China. Remote western provinces such as Guizhou and Yunnan, which have vast quantities of the yellow metal, has also attracted keen investment interest from firms in Australia and Canada.



Sajesh Patel, investment consultant at a foreign bank here said, ``China's gold output has been increasing for three consecutive years along with the rising prices. According to the China Gold Association, China's output of gold in 2009 totaled 314 tonnes, an increase of 11.34%. Despite this, the country imports about 100 tonnes of gold each year.''



Analysts have added that China is finding new gold reserves faster than it is producing the precious metal.



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how will gold price in september 2011

how will gold price in september 2011 : Gold prices were staging a rally, shrugging off an almost three-day selloff, after Ben Bernanke left the door open for more monetary easing.



Gold (-GC) for December delivery was adding $21 to $1,784 an ounce at the Comex division of the New York Mercantile Exchange at mid-day Friday. The gold price has traded as high as $1,800 and as low as $1,759.50 while the spot gold price was adding $8.20, according to Kitco's gold index.



Federal Reserve Chairman, Ben Bernanke, offered no surprises in his speech at Jackson Hole Friday, but he did leave the possibility for further intervention open. Bernanke said the Fed is willing to step in if needed to trigger a stronger recovery, but barely discussed any monetary policy. The Fed's policy meeting in September is now two days instead of one, which indicates stimulus is on the table but whether or not there will be an agreement or policy shift is a different story.



Gold prices could see $2,000 an ounce in the coming months, but in the short-term, gold prices could see further weakness, because the Gold market is more liquid than silver, with favorable fundamentals, the correction shouldn’t be “overly brutal.” In the long-term, he says gold prices should go higher as gold will act as both a safe haven asset and a store of value to offset the inflationary aspects of further easing. Read gold price predictions september 2011



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why gold prices down today august 25 2011

why gold prices down today august 25 2011 : The price of gold dropped further, a day after the precious metal saw its biggest drop since before the recession. Gold was down US$14.60 to $1,742.70 per ounce on the New York Mercantile Exchange in midday trading Thursday. It had fallen as much as $31.20 earlier in the day.



The metal is continuing to fall after plunging more than $100 per ounce Wednesday, as investors who took in promising U.S. economic news felt confident enough in the economy to cash in their gold on the back of recent record high prices.



Gold lost five per cent of its value Wednesday_ the biggest single-session drop since the precious metal fell $146 in September 2008, just before the recession spread to Canada.



The stock market ups and downs of the last few weeks due to the European debt crisis and fears of another recession in the U.S. compelled investors to stockpile the metal, which is seen as a safe haven in shaky economic times.



But news from the U.S. government Wednesday that orders for manufactured goods rose in July eased investor jitters, giving them confidence in the stock market again and leading them to take their money out of gold.