Category: Gold market
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The London Bullion Market Association (LBMA).
The London Bullion Market Association (LBMA) is a trade association that represents the global over-the-counter (OTC) market for gold and silver bullion. The LBMA is responsible for setting the standards for good delivery of gold and silver, and for maintaining the integrity of the OTC market. The LBMA Gold Price, also known as the London…
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India’s March Gold Imports Expected to Plummet by 90% Amid Price Surge.
Summary: India’s gold imports are projected to plummet by more than 90% in March, marking the lowest levels since the COVID-19 pandemic began. This decline is attributed to banks reducing imports following a surge in gold prices, dampening demand. The decrease in imports may help narrow India’s trade deficit and support the national currency. Key…
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Have you ever observed how online dealers often manipulate their posted spot prices, tacking on an extra hidden premium of around $10?
It`s one of the key points of contention among investors is the discrepancy in posted spot prices across different platforms. While spot price is ostensibly a universal benchmark, the reality is far more nuanced, as evidenced by the insights shared by users in online forums and communities. Users have noted the intriguing phenomenon of differing…
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New Jersey Governor Vetoes Bill to Exempt Gold and Silver from Sales Tax
New Jersey Governor Phil Murphy has made a controversial decision by vetoing a bill that would have eliminated the sales tax on purchases of gold and silver. The bill, known as A5294/S1825, enjoyed widespread support, having passed through all legislative channels without a single dissenting vote. Despite its popularity and unanimous approval in both chambers…