INDIAN JEWELLER

Kinross Gold to invest $150 million in Harry Winston

Both companies are also looking at investment opportunities in diamond mining

Post By : Diamond World News Service On 23 March 2009 4:45 PM
News about a proposed platinum exchange-traded fund (ETF) pushed the price of the precious metal to a five-month high at $1,286.5 an ounce on Monday amid speculation that the ETF may lead to a shortage in a tight market, according to reports. %% The Zurich Cantonal Bank (ZKB) said in a statement that it was planning to list exchange-traded funds (ETF) for platinum, palladium and silver on the SWX Swiss Exchange by May 10th. %% “News of the ETF is the driving force behind platinum today, the market is quite firm on the back of the news,” said Jonathan Barratt, managing director of Commodity Broking Services in Sydney. %% “However, an ETF could aggressively impact supply, causing sharp price rises, particularly in platinum. This may be good for the short to intermediate timeframe, but could dampen platinum longer term (after a big run-up) as users switch to palladium,” Peter Grandich, a market analyst, told ResourceInvestor.com.

Be the first to comment

Leave a comment

Related News

ITAT Rules CBDT Gold Limits Cannot Cap Family Jewellery Holdings

  • Precious Metals - 12 October 2026 10:27 AM

Gold prices remain subdued as higher rates weigh on sentiment

  • Precious Metals - 24 September 2026 1:11 PM

Gold, Silver Demand Holds up During Ganeshotsav Despite High Prices

  • Precious Metals - 15 September 2026 10:25 AM

Apala by Sumit Returns to Kolkata After Three-Year Gap

  • Precious Metals - 02 September 2026 11:30 AM

Silver Jewellery Hallmarking May Become Mandatory From October

  • Precious Metals - 01 September 2026 11:03 AM

Email Alerts

WhatsApp Alerts