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Auric Gold is an independent bullion dealer with specialist experience of the jewellery manufacturing and wholesale jewellery industries, which are one of the largest consumers of gold.
Auric Gold adopts the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
London is the world’s largest centre for institutional gold bullion business with its history and traditions in setting modern standards for gold trading stretching back to some 400 years. Market-makers offer quotes for gold and silver in variable quantities, qualities and types of material as well as for various value dates and delivery destinations and vaulting. Auric Gold is therefore in a position to benefit from these facilities and provide clients a truly efficient and competitive service.
Auric Gold supplies Investment gold bars through its distribution channels of retail and wholesale jewellers who sell them to end consumers. London and the rest of the UK has a rich diversity of cultures who have a close affinity towards buying gold for investment and cultural purposes. Auric Gold is well placed to supply this niche with its hands-on approach to this sector and adopting a risk based approach to Due Diligence and KYC.
Auric Gold Ltd is an independent gold bullion dealer in London, UK, trading in gold bullion with the jewellery industry in the UK.
Net purchases declined to 66.8 tons from 68.2 tons in October and 87.2 tons a year earlier, according to data from the Hong Kong Census & Statistics Department compiled by Bloomberg.
Based on unrounded data, the average daily gold production for U.S. mines was 622 kg in September 2015, about 607 kg in August 2015, and 567 kg for year-to-date 2015.
Total gold imports from January to November were at 43.98 tons, down significantly from 119.32 tons recorded for the corresponding period last year.
Gold jewellery exports were down 21.01% to $5.52 billion in the first eight months of FY 2016, while that of medallions & coins more than doubled to $3.68 billion in the same period.
Russia has so far added around 187 tons into its reserves this year. The November addition is Russia's ninth straight month of increase.
During the first fortnight of this month, the tariff value on imported gold was fixed at $344 per 10 grams and on silver it was $461 per kg.
Silver imports declined by over 55% to $285.01 million in November this year from $643.71 million in the year-ago period.
Gross reserves also dipped to $45.14 billion from $46.051 billion previously. The forward position, which represents the central bank's unsettled or swap transactions, was at $2.106 billion in November versus $2.228 billion.
The value of China's gold reserves stood at $59.52 billion at the end of November, compared with $63.26 billion at the end of October, the People's Bank of China (PBOC) said on its website.
Production of gold during the period from January to October, however, rose 0.8% to 115328 kg as against the production of 114364 kg in the same period last year.
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