Liquidity tight as companies prepare accounts ahead of March 31 financial year-end. Coronavirus affecting cash flow, with Chinese clients delaying payments or returning unsold goods. Travel restrictions reducing presence of foreign buyers in Mumbai. Strict customs controls and volatile rupee (-2.6% since February 1 to INR 73.4 / $1) creating challenges for cross-border trade. Steady supply of new polished coming to market from rough bought at high prices in January.
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Recent NewsGold stocks propelled by gain in metal and equitiesMay 13, 2024 / www.canadianminingreport.com
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Canadian mining equity capital raising robust in 2023, early 2024May 06, 2024 / www.canadianminingreport.com
Gold stocks gain even as metal price pulls backApril 29, 2024 / www.canadianminingreport.com
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