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RSBL Gold Silver Bars/Coins

Tuesday 31 May 2016

INTEREST RATE HIKE SPOILING GOLD PRICE RISE :RSBL

 By Mr. Prithviraj Kothari, MD, RSBL




Just when gold had started entering in to the good books of majority of the market players, it once again started losing its appeal. Gold has started trending differently from the beginning of May. Along with platinum, palladium and silver, it is heading for the biggest monthly loss since November as investors anticipate higher borrowing costs in the U.S.

Gold has pared this year’s rally after retreating more than 5 percent in May as investors raised bets on the Federal Reserve increasing interest rates from as early as next month, causing the dollar to rally. Higher rates curb bullion’s appeal against interest-bearing assets.

At the start of this month, markets were excessively dovish, pricing almost no probability of a U.S. rate hike in June but a run of better U.S. economic data plus the minutes of April’s FOMC meeting have seen U.S. forward rates move up, the dollar rally and gold has naturally sold off.

The fundamental data released that changed the game for gold were:

  • The U.S. Federal Reserve continued to lay the groundwork for an interest rate hike in the next two months, with Governor Jerome Powell saying he felt the U.S. economy was on a "solid footing" and within reach of the central bank's inflation goals.
  • The U.S. economy is set to grow by a 2.9 percent annualized rate in the second quarter following the latest data on durable goods orders and advance goods trade, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday. 
  • U.S. business spending intentions weakened in April for a third straight month amid soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year high supported views economic growth was gaining speed. 
  • Japan's core consumer prices fell 0.3 percent in April from a year earlier, the second straight month of declines, keeping the central bank under pressure to deploy additional stimulus to achieve its ambitious 2 percent inflation target. 


Gold crawled higher early on Friday but stayed near seven-week lows and remained on track for its biggest weekly decline in nine, with positive economic data boosting expectations U.S. interest rates will rise in the next two months. The dollar stayed in consolidation mode early on Friday after its rally to two-month highs ran out of steam with bulls looking for fresh from the head of the U.S. central bank.

Now the market eagerly waits for the Fed officials will gather in Washington June 14-15 to decide whether to increase rates for the first time since December.

Thank You!


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The primary purpose of this article by Mr. Prithviraj Kothari is to educate the masses of the current happenings in the Bullion world.

- Previous blog –
"RSBL launches RSBL SPOT APP- Live Gold, Silver, Platinum  prices at your fingertips"

Friday 20 May 2016

RSBL launches RSBL SPOT APP – Live Gold, Silver, Platinum prices at your Fingertips!

                                                   By Mr. Prithviraj Kothari, MD, RSBL

To know the price of Gold or Silver coin, a common man of India faces ever intriguing questions whether is this best price available in the market? Is the Jeweller charging me more? Will I get a better deal from some other Jeweller? If the price is fixed, the questions arises, Are the goods pure? Can I trust the brand?

Questions, Questions and only Questions to invest in what you love, trust and depend in the times of uncertainty i.e. Gold & Silver. To solve these questions, RSBL is glad to launch RSBL SPOT app on iPhone and Android compatible phones for one and all. A unique app that gives a user an access to Gold, Silver and Platinum live transparent benchmark prices across India!

RSBL SPOT is spread over 18 centers across India and the RSBL SPOT app user would get benchmark two way Buy/Sell quotes of more than 40 Symbols of Gold, Silver and Platinum which includes coin prices too across Indian markets. An app that gives an investor an edge while investing in Gold, Silver or Platinum.

Other special functions:
  1. Live international Gold and Silver prices.
  2. Gold Symbols with 995 or 999 purity in various denominations while Silver symbols available in 999 purity
  3. Live rates on home screen via Widget (Android compatible phones only), even when the app is closed.
  4. By registering yourself for free, you can insert price alerts. 
  5. Live charts
  6. News updates on Bullion industry, 
  7. Blogs, 
  8. Economic Calendar
  9. Videos and so on.

Attaching some screenshots:


RSBL SPOT 
Home Screen
Symbols can be added/removed



Can be used even when RSBL SPOT
 app is closed


Live News
Economic Calendar



RSBL Spot is India’s leading platform for online physical bullion and coins sales with delivery centres spread across the country. RSBL Spot prices are transparent, two-way and continuous. They are the benchmark prices for majority of dealing by all jewellers.

RSBL Spot has revolutionized the bullion trading system in the spot market and is done at par convenience. Its objective is to maintain and improve its market leadership in providing customers with the most effective prices for dealing and physical delivery of gold and silver.

RSBL SPOT app comes with features that are never seen before! Make the most of this opportunity! 


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  Website:  http://www.rsblspot.co.in/
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