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RSBL Gold Silver Bars/Coins

Monday 20 May 2013

RIDDISIDDHI BULLIONS LTD. FORAYS INTO DIAMOND JEWELLERY



Mumbai, 12th May 2013: Diamonds are said to be woman's best friend. And RSBL promises to strengthen this friendship even further.

We at RSBL, announce our foray into diamond jewellery uncer our promoed company- RSBL DIA Jewels Pvt. Ltd. and bring to you and exquisite line of jewellery collection:       

                                           Sparsh- touch of elegance 



A name to reckon with elegance shall leave you mesmerized with its intricate designs and inimitable craftsmanship. True to the essence of RSBL, RSBL DIA Jewels reflects the best what it has always been doing – “Strengthening the trust”.

Inspired by nature, this collection has a piece that engulfs ones soul. The collection comprises of 18K diamond jewellery that has pieces tailor made which suits every women’s varied moods and styles. Each masterpiece is crafted uniquely symbolizing the uniqueness that each woman carries within her. The brand promises the quality without compromise and it will always endeavor craftsmanship that's beyond comparison and at the same time maintaining the company traditions.
Sparsh – touch of elegance also has an exclusive collection designed for special occasions. Celebrate those enduring moments with its splendid pieces. Be the cynosure of all eyes on your wedding, charm everyone with your ornate jewels on your mehendi or bask in the glory of your inimitable jewels on the reception. Steal your betrothed’s heart on your engagement and relish everyone’s attention on Diwali with their unique and elegant jewels. The collection covers products like beautiful rings, pendants, ear rings, bracelets, and classy diamond sets etc. 

Keeping the design, style and quality in mind RSBL DIA jewels strictly adheres to quality and authenticity by providing certificate of purity and authenticity with each masterpiece. There would not be even a minor difference in the stated quality of diamond or gold. 
A truly unique service that Sparsh – touch of elegance will provide to its clientele is Buy back facility. It’s one of the first of its kind where a client can exchange their old jewellery of Sparsh – touch of elegance with a new one from its store.
Sparsh – touch of elegance jewellery is as inimitable as you, while the jewels are uniquely yours for these are designed especially for you. So, feel special with Sparsh – touch of elegance jewellery. With Sparsh – touch of elegance from RSBL DIA Jewels, RSBL shall continue to provide you with similar levels of service, upholding the same values and the commitment. 

I am glad that people of India now say, what is the RSBL price of Gold rather than Gold price. RSBL has strived hard to provide transparent benchmark prices for Gold. My motto has always been “Make products that meet customer needs”. Looking at the current pricing scenario of the Diamond jewellery market, I felt it is high time that we have a brand that people can trust, that provides value for money and most importantly provides transparent prices so that they can buy without any hesitation. Like Gold, diamonds have always given good returns. I am proud to bring Sparsh – touch of Elegance collection to you.

                                                   


Showroom Address: RiddiSiddhi Bullions Ltd, Bullion House, 115, Tambakata Lane, 2nd Floor, Opp Dagina Bazaar, Pydhonie, Mumbai - 400 003. India.
Web: http://rsbldiajewels.co.in/

IS GOLD LOSING ITS SAFE HAVEN APPEAL?

                                    -By Mr. Prithviraj Kothari, MD, RSBL (RiddiSiddhi Bullions Ltd.)




Last week started with festivities for India as we celebrated the auspicious day of Akshaya Tritiya on 13th may. It is considered auspicious to buy gold on this day and hence the demand for gold on this particular day is expected to go up.
But this year demand for gold was not as predicted.  Whatever demand came in was mainly from retailers because the wholesalers and other bullion dealers had already made their purchases during the gold crash that was witnessed between April 12- April 16. Majority  of the purchases were made during this period. Adding to this slide in demand were the anti LBT protests which brought the major gold hubs to a standstill and buyers were confused as to where to procure their gold from.
Hence the overall demand for gold on this Akshaya Tritiya was not up to the mark.

Though world over people were shifting focus from gold to other assets in its class, the lower prices attracted buyers in China-- the world's second largest buyer of gold after India. In fact in Hong Kong and Singapore, gold bars were traded at an all time high premium, paying nearly 40 USD.

In the international markets,  gold prices dropped compelling investors to shift to other asset forms apart from gold. It seems that gold is losing its appeal as a safe haven asset after the gold crash that recorded the worst daily crash in 30 years. This week too gold dropped to a four week low and a straight fall for a seventh session on Friday.

It was the longest flash in four years as there were rumours making rounds that soon the Federal Reserve may rein in the monetary easing, thus lifting the dollar.

One of the reasons behind this decline in gold prices is the perception of investors that gold below $1400 an ounce will take much time to bounce back and hence introduce near term pressure on gold. It has also triggered heavy selling and prompted investors to favour other asset forms.
Spot gold hit a four month low at $1376 an ounce.

There was heavy liquidation coming in from New York's SDPR Gold Trust, that reported an outflow of another 5.7 tonnes on Thursday, bringing the drop in its holdings this week to more than 10 tonnes.

A strengthening US Dollar and a massive selling of exchange traded funds, together, triggered a downfall in gold prices. Moreover, there is a positive sentiment in the market about the recovery of the US economy.

Economists are looking for a stronger growth in the second half of the year and in the early 2014.

Though the development is slow, economists say that the stronger than expected improvement in several areas including labour market and retail sales has compelled investors and general public to believe that development an recovery is on its way.
A stronger US economy brings in concern for gold as people tend to shift to other investment forms like equities that are bound to shoot up when the economy revives,

For this week, the range for gold in the domestic market is expected to be around Rs.25,000 - Rs.27,500 per 10 gram.


“The primary purpose of this blog by Prithviraj Kothari - MD, RSBL, is to educate the masses of the current happenings in the Bullion world.”


- Previous blog - 
"Debate over Fed QE3 measures raises concern for gold"