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India Surprises with Removal of Key Gold Import Restriction

India surprised the gold market on Friday when it removed a fairly stringent restriction on gold imports, bringing a bright spot to an otherwise dreary gold market. The Reserve Bank of India issued a statement announcing the change on Friday afternoon, but did not give a reason for scrapping the

Gold Price Rises Wednesday on Softer Dollar

Gold prices rose on the back of a slightly weaker dollar on Wednesday, Reuters reported. The metal touched a four month low in light of the Greek debt crisis and a continued fall in the Chinese stock market.

As quoted in the publication:
The price of the yellow metal did not react

Platinum Prices Hit 6 Year Low

Platinum prices hit a 6 year low after Greece voted ‘no’ in a referendum on terms of a bailout that included further austerity measures for the country, Bloomberg reported. Prices fell 1.9 percent to $1,062.95 per ounce.

As quoted in the publication:
The price of platinum has slumped every quarter since June

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Weekly Round-Up: Gold Price Recovers from Four-week Low