Thursday, September 26, 2013

Samsung Galaxy S4 Launches Gold Edition!

Samsung fans were bit low when they did find that the Apple 5S gold version was hitting the market like anything. Few days ago we had reported that the sales of Apple IPhone 5S gold is hitting records, the reports mentioned that the phone did not even last hours as soon as the stock arrived. We had also see an $10k sale for the phone at ebay.

To cope up with the competition and to fulfill the fan fantasies, Samsung has now launched the gold edition for its latest best seller, Samsung Galaxy S4, the announcement came through a twitter feed by samsung arabia.

The Indian market will still have to wait as Samsung has announced its mobile plans only for Gulf Countries initially. But countries in West Asia who have a soft spot for gold, like India, will also be in consideration by the Mobile giant.

As the picture of Samsung says, it does look elegant and we will have to watch out for how the market responds to the latest addition to the smartphone race.

Although we feel that the race has now shifted to looks rather than technology - Apple who is still selling good despite its shortcomings to android technology. What its lacking in innovation, iphone seems to be gaining in minor gimmicks and beautiful presentation.

Written By India Violet

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- Unknown Updated at: Thursday, September 26, 2013

Thursday, September 5, 2013

Gold Prices Tumble As Rupee Makes A Comeback

NEW DELHI: Gold prices suffered the steepest fall in a week on Thursday falling by Rs 1,250 to Rs 30,950 per ten grams here on heavy sell-off by stockists as equity markets and rupee recovered after RBI's fresh measures.

Silver also plunged by Rs 1,800 to Rs 53,700 per kg on poor offtake by industrial units and weakening trend in overseas markets.

Traders said the precious metals fell sharply following fast recovery in rupee against the dollar after the new RBI chief announced measures to boost economic growth.

The rupee was trading higher by 84 paise at Rs 66.24 per dollar, while stock markets were up by over 2 per cent, denting the appeal of gold considered as safe haven for investors during economic turbulences.

New RBI governor Raghuram Rajan came out with a slew of measures to rescue the battered financial markets to boosting growth.

Traders said a weakening trend in overseas markets on expectations for reduced stimulus in the US and limited military strikes against Syria, further influenced sentiment.

Gold in Singapore, which normally sets price trend on the domestic front, fell 0.7 per cent to 1,381.35 dollar an ounce and silver by 0.9 per cent to 23.27 an ounce.

On the domestic front, gold of 99.9 and 99.5 per cent purity suffered Rs 1250 loss each to quote at Rs 30,950 and Rs 30,750 per ten grams respectively. It had gained Rs 1,100 in last two sessions.

Sovereign declined by Rs 200 to Rs 25,100 per piece of eight gram.

Silver ready dropped by Rs 1,800 to Rs 53,700 per kg and weekly-based delivery by Rs 2400 to Rs 54,600 per kg.

Silver coins also fell by Rs 1,000 to Rs 88,000 for buying and Rs 89,000 for selling of 100 pieces.

Shared From Times Of India