INDIAN JEWELLER

Istanbul Jewellery Show to hit the road for the 33rd time

Approximately 600 exhibitors and more than 18000 visitors are expected this year.

Post By : IJ News Service On 27 May 2011 12:44 PM
Gold markets were upset as spot gold prices dipped after a plunge of more than $1,000 an ounce to the lowest in March touching $920.30 an ounce. The reason attributed for this is the exit of funds from commodities after the US Federal Reserve reduced borrowing costs amid fears of a recession and a credit crisis. %% As reflected by the Comex division of the New York Mercantile Exchange, gold futures for April delivery touched $915 an ounce, then surged up to $932.9 an ounce. Apart from gold, platinum fell to $1,880/oz, and silver dropped to $17.99/oz. Speculation says that gold market prices would dip further below $900, as retailers indicated an interest to cash in and investors reluctant to buy at these high prices.

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