Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Wednesday, September 25, 2013

PRECIOUS-Gold rises on bargain hunting, snaps 3-day drop
  • Bargain hunting helps gold reverse early loss     
  • Barrick Gold CEO in talks on further asset sales     
  • SPDR inflows drop again, physical demand weak
NEW YORK/LONDON, Sept 24 - Gold rose on Tuesday as physical buying at lower prices and technical support helped bullion snap a three-day losing streak.
Earlier in the session, the precious metal was down after U.S. economic data showed slowing growth in U.S. home prices in July and a dip in consumer confidence this month.

Gold later turned higher on bargain hunting and technical buying after bullion rebounded from a session low near $1,300 an ounce.

"Buyers have been stepping in each time gold holds support down near $1,300 an ounce, which looks like a short-term bottom for now," said Michael Matousek, head trader at U.S. Global Investors, which has about $1.2 billion in mutual-fund assets.
"Investors are now adjusting positions against the uncertainty on Fed tapering," he said.     Spot gold was up 0.2 percent at $1,323.70 an ounce by 3:13 p.m. EDT (1913 GMT).

U.S. gold futures for December delivery settled down $10.70 an ounce at $1,316.30, with trading volume in line with
its 30-day average, preliminary Reuters data showed.

New York Fed President William Dudley said on Monday that the U.S. central bank could still reduce its support for the
economy later this year, while St. Louis Fed President James Bullard said on Friday that stimulus could be scaled back in October, depending on economic data.

Gold is falling because markets are now expecting an improvement in the next U.S. labour market next week, which could lead to the Fed tightening, as the Fed's decision is data dependent," Quantitative Commodity Research owner Peter Fertig

Gold premiums across Asia remained weak due to subdued physical demand ahead of what is typically a strong buying 
period for top consumers India and China as they head into wedding and festival seasons.

Moves by India to cut gold imports as it wrestles with its ballooning current account deficit have been keeping buyers at bay.

In gold mining news, Barrick Gold Corp is in talks on further asset sales, with the focus on divesting smaller, higher-cost mines, Chief Executive Jamie Sokalsky told Reuters on Tuesday.

As a gauge of investor interest, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund,
fell 0.1 percent on Monday from Friday, having shed another tonne last week. That has brought its total outflow for the year to 440 tonnes.

In other precious metals, silver gained 0.6 percent to $21.72 an ounce. Platinum rose 0.6 percent to $1,423.49 an ounce and palladium climbed 0.9 percent to $718.75 an ounce.

Courtesy: Reuters