Centre Plans to Have Gold Hallmarking in Metros
NEW DELHI: Those buying gold in the four metros – Delhi, Chennai, Kolkata and Mumbai – can soon do so safely as the consumer affairs ministry intends to make it mandatory for jewellers to have their gold certified in these four cities to begin with. The ministry has introduced the Bureau of Indian Standards (Amendment) Act 2012 in the current session.
While the proposal has been in the planning stage since 2008, it never took off with the government deciding halfway into the process that it needed an amendment to the BIS Act to make regulations mandatory instead of voluntary.
Hedge Funds Dump $2 Billion in Gold Over a Week: CFTC
NEW YORK (Reuters) – Hedge funds and other money managers liquidated more than $2 billion in gold futures over a week, trade data on Friday showed, before a forceful rebound in the precious metal potentially tripped up some of them.
The majority of fund managers also appear to have bet wrongly against wheat, as suggested by the data from the Commodity Futures Trading Commission which showed a net “short” or bearish position against the grain which finished this week with its highest weekly gain in 16 years.
Redstar Gold Corp.: News Release
VANCOUVER, BRITISH COLUMBIA–(Marketwire – May 18, 2012) – Redstar Gold Corp. (RGC.V – News) (the “Company“) announces it has agreed to grant 2,750,000 employee incentive stock options at an exercise price of $0.29 for a period of five years.
The foregoing is subject to regulatory acceptance.
Loading ...