Tuesday, 17 January 2017

#AOJQuote of the day 17th January 2017:

"There exist more uncertainties than certainties in the global macroeconomic environment of which Trump's presidency is a big unknown. We believe that barring the near term, gold prices should start moving gradually upwards in 2017." - Chirag Mehta, senior fund manager - alternative investments, Quantum AMC.

“Market places open up a huge opportunity to reach out to customers. The transaction is also transparent. Our tie-up with Amazon is helping us in the demonetised scenario.” - Rajesh Khosla, Managing Director, MMTC PAMP

Sunday, 15 January 2017

#AOJQuote of the day 16th January 2017:

"While the purpose of demonetisation is to replace old currency notes with newly printed notes, we believe that the liquidity squeeze could have a temporary negative effect on economic growth and may also affect gold demand in the short term.” – World Gold Council

#AOJQuote of the day 16th January 2017:

“The trading of sovereign gold bonds on MSEI is part of the strategy to fill in the market gaps, ease of connectivity and compliances and customer service orientation.” –

Abhijit Chakraborty, Chief Operating Officer, Metropolitan Stock Exchange of India (MSEI)

Friday, 13 January 2017

#AOJQuote of the day 13th January 2017

“We have requested Honourable Union Minister of Commerce Smt Nirmala Sitharaman that in order to curb gold smuggling, the Custom Duty along with GST on gold jewellery should not be higher than 8 per cent.” –  Gujjadi Ramadasa Nayak, Executive Director, Gujjadi Swarna Jewellers Pvt Ltd, Udupi

#AOJQuote of the day 13th January 2017:

"We are expecting the Finance Minister to reduce the import duty on gold to up to 5% to boost the organised players in the country. Any duty on gold that is beyond 5% encourages the grey market.” - Praveen Shankar Pandya, Chairman, GJEPC