GOLD

India Changes Import Duty on Gold

Gold
India, the world's biggest consumer of bullion, has changed the import duty on gold to two percent of value from the earlier flat 300 rupees per 10 grams and that of silver to six percent of value from 1,500 rupees per kilogram, the government said.
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Greek default fears grow as creditors bridle at demands

Greece must urgently break a deadlock in debt swap talks triggered by unreasonable demands from its partners, the head of a group of representing its private sector warned on Monday, as Athens raced against the clock to prevent an unruly default.
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FTSE rises as China data lift miners, UK data eyed

Nord Gold to be Listed in London - Severstal

Russian steelmaker Severstal said on Monday that a planned London listing of its Nord Gold mining unit would proceed after investors representing 10.6 percent of the share capital in the business participated in a share swap.
Gold pellets

Gold Prices Firm above 200-Day Moving Average

Gold firmed in Europe on Monday, rising back above $1,640 an ounce, as a recovery in stock markets and the euro took some downward pressure off prices, with traders digesting last week's mass downgrade of euro zone countries from Standard & Poor's.
Tampakan mine

Xstrata Miffed at Manilla's 'No' to Giant Copper-Gold Mine

Global miner Xstrata Plc's Philippine unit said on Friday it was extremely disappointed with a government decision not to clear for now its planned $5.9 billion copper-gold Tampakan project, potentially the biggest in Southeast Asia.
Molten gold

Gold Prices up for 3rd Day, Hit 1-Month High

Gold rose to a one-month high on Thursday, as comments by the president of the European Central Bank on cheap money stabilizing the region's banking system extended the metal's gain to a third consecutive day.
Platinum bar

Lonmin Loses Prospecting Appeal in South Africa

South Africa's Department of Mineral Resources has rejected an appeal by platinum miner Lonmin over a prospecting right on part of its mining area granted to a third party, Keysha Investments.
220 kg block of gold

Gold Fields, Kyrgyz Villagers Come to Terms

South African miner Gold Fields has signed an agreement with Kyrgyz villagers that will enable it to resume drilling at a prospective copper deposit three months after an arson attack by horsemen on its geologist camp.
Cienega silver mine

Gold Prices Move Above Key Level on Strong Asian Demand

Gold prices extended gains into the second day on Wednesday, rising above the closely-watched 200-day moving average. The yellow metal is trading at around its highest level in a month, supported by strong physical demand from India and China.
Avion Gold mine blasting

Gold Climbs to Highest in a Month on Chinese Demand

Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumerChina helped boost the price above a key technical level, and offset the impact of a softer euro.
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Indian Buyers Snap up Discounted Gold

Gold traders in India, the world's biggest buyer of bullion, stepped up buying for the upcoming wedding season, as gold prices stayed near the week's trough, giving silver a boost.
Gold

Gold Hits 4-week High, India Buying Active

Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.
Gold pellets

Gold Rises to 200-Day Moving Average; Platinum Surging

Gold rose towards $1,640 an ounce on Tuesday and other precious metals rallied, with a rebound in the euro versus the dollar making dollar-priced assets more attractive to holders of other currencies, and after bullion breached a key chart level.
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Silvercorp Amends Suit against Critics

Silvercorp Metals Inc., whose shares plummeted after reports of accounting and resource statement fraud, has amended its lawsuit against those it sees as responsible for the allegedly defamatory reports.
Gold pellets

Centamin Hikes Gold Output 10% in 4Q

Gold producer Centamin posted a 10 percent rise in fourth-quarter output, boosted by higher production rates at its flagship Sukari project in Egypt, lifting its shares on Tuesday.

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