India Welcomes Lower Import Duties for Gold

India Welcomes Lower Import Duties for Gold by SBMA 4 February 2021 Domestic demand is set to rise after India’s finance minister announced a reduction in gold import duties. India, the world’s second-biggest bullion market, is lowering import duties on gold and silver as of 1 February. As part of the country’s Budget 2021, the…

Webinars with SGX (June 4, 5)

Webinars with SGX (June 4, 5) SGX Commodities Unplugged is a virtual event by Singapore Exchange (SGX) featuring a month-long series of webinars that brings industry specialists together to offer independent and actionable insights on the current state of the global economy. The webinar series on precious metals is organised by SBMA and managed by…

The Day the EFP Broke

The Day the EFP Broke Singapore, 26 March 2020 Today, Comex April gold futures printed at a $50 premium to loco London, having touched $70+ last night, this compares to a more usual $1.5 premium. This dislocation between two of the largest global gold markets is unheard of. The EFP (exchange for physical) links the…