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Augmont Enterprises Pvt Ltd is a leading company in India which deals in bullion, specializing in bars and coins of various precious metals like Gold, Silver and Platinum. Being a company which facilitates investment in precious metals, RSBL endeavors to combine our technical and market experience with hard work and dedication to provide our clients the ability to make informed investment decisions. Founded in 1994, RSBL is proud of holding the largest variety of bullions and coins across India. Our commitment to excellence in customer service is evident in all facets of our business. RSBL's success is based on customer trust and respect backed by our highly valued staff and best quality products with most modern trading mechanisms. RSBL's dedication to continuous improvements enables us to meet the exacting requirements of our customers. This bond of trust has helped RSBL attain significant feats.


Reasons For 20% Fall in Gold and what’s next

Posted on Mar 01, 2021 at 12:00 am

Bullion is down more than 9% in 2021 and 21% from August 2020 highs after posting its best annual gain in a decade. Fall in gold ETF holdings, rise in US Treasury yield, Import duty cut, lowering of COVID cases and increase in Vaccines doses administered are the few main reasons for fall in Gold prices.

Death Cross Forming in Gold Amid Rising Bond Yields

Posted on Feb 22, 2021 at 12:00 am

Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years. Looking at the COMEX Gold daily chart we can see that a bearish “Death Cross” pattern (50 period moving average crossing below the 200 period moving average is forming and that prices are falling.

Government revamps gold monetisation scheme to unlock tonnes of unused gold in India

Posted on Feb 15, 2021 at 12:00 am

The government on 9th February 2021 launched a revamped Gold Monetisation Scheme that seeks to unlock an estimated 25000 tonnes of idle gold lying at Indian households, involving jewellers, and making all state-run banks participate in it. This will not only benefit the consumer, retailer and banks, but the nation as well. The dependency of gold import will come down significantly as there will be local gold metal in the system.

Gold price changing its course after import duty cut

Posted on Feb 08, 2021 at 12:00 am

Gold Prices have reversed in course with the start of February, falling 4% last week. The main headlines of last week were Gold Import Duty cut by Government in Budget 2021. Below is the table showing Indian Import Duty Structure, Indian Gold Imports and Indian Gold Price of last 10 years.

Import duty cut in budget would plunge the precious metals

Posted on Jan 30, 2021 at 12:00 am

Investors will keep a close eye on the India Union Budget on Monday. The gems and jewellery sector makes a significant contribution to the country’s overall economy. The commerce ministry has sought reduction in the import duty on gold in the forthcoming budget with a view to pushing exports and manufacturing of the gems and jewellery sector.

Bullion traders need to wait for prolonged consolidation

Posted on Jan 23, 2021 at 12:00 am

Gold traders that were hoping for a boost in prices following President Biden's election have been unruly disappointed. Biden's plan to introduce spending of $1.9 trillion, a figure that amounts to 9.1% of US 2020 GDP, appears to have been priced into gold prices and did not deliver a much-needed boost to the yellow metal.

Gold inverts as treasury yields retreat after biden-stimulus plan

Posted on Jan 16, 2021 at 12:00 am

Bullion has inverted the course as investors tracked bond yields and the different views among Fed officials on when to start pulling back on stimulus. Powell said the time to raise rates is “no time soon,” and policy makers would “let the world know” well in advance of any decision to taper bond purchases. Gold prices are taking support at the symmetrical triangle trend line with the support aligning at Rs 48600. If a price falls below these levels, it can fall back towards Rs 47800 next week.

Bullion Outlook for 2021

Posted on Jan 04, 2021 at 12:00 am

After years of lying dormant, the gold and silver prices finally reacted in a big way in 2020.Traditionally seen as a safe place to store money, gold began to rise as economic growth slowed in 2019, but the pandemic accelerated the rally and in August prices hit a record high of $2072/oz (Rs 56000/10 gm) and Silver touched levels around $30/oz (Rs 78000/kg).

Us stimulus talks and brexit deal in focus

Posted on Dec 19, 2020 at 12:00 am

Gold Loses Bullish Momentum Ahead of Next Week’s Key Events

Posted on Dec 12, 2020 at 12:00 am

Gold struggled to preserve its bullish momentum this week. Brexit and US stimulus uncertainty balanced out coronavirus vaccine optimism. A daily close below Rs 48700 could open the door for more losses, while interim resistance is Rs 49700-800.