Venezuela Receives Last Shipment of Repatriated Gold Bars

Venezuela today received the last shipment of gold bars in an operation that repatriated 160 tons of the South American country’s reserves of the metal held abroad, said Nelson Merentes, president of the country’s central bank. Fourteen tons of gold arrived at the Caracas airport today on a flight from Europe, Merentes said. The gold bars were transported in a caravan, broadcast on state television,...

THE GOLD TREE - WHERE GOLD COMES FROM & WHERE IT GOES

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Gold up 10% on Iran rumours - India, China may pay in bullion for Iran oil, Dollar under attack

Gold prices are currently trending around the $1,730 per ounce mark, within touching distance of their 60-day high of $1,747/oz, and up 10 per cent in the first 30 days of 2012. Fuelling the bullion’s newfound drive are rumours that India and China, one of the world’s largest oil consumers, are secretly mulling paying in gold for Iranian...

Gold Is The Hottest Currency In The World

The price of gold is roaring back from its latest temporary correction, sending the bears into  full withdrawal. If you sold your gold in December as it fell to $1525 an ounce, you’re probably feeling foolish at the incredible $210  rise to $1735– a 15% move in no time at all. Gold, you see, is not a commodity like oil and copper and wheat. It is rather an alternative currency– one...

Gold, silver to cost more; govt changes duties to net Rs 600 crore

Gold, silver to cost more; govt changes duties to net Rs 600 crore NEW DELHI: Gold and silver will become costlier with the government on Tuesday tweaking the customs and excise duty structure on precious metals, a step which will make government richer by Rs 600 crore in the next two-and-half months itself. On account of changes in duty structure from specific to value-linked, traders said...