ManagementParadise.com : Worlds Leading Management Portal. MBA | Classroom, Boardroom and Beyond


Go Back   ManagementParadise.com Forums - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants. > Quiz , Marketplace and Community games > Stock Markets Tips & Gyan !!

Gold eases from 1-month high, traders seek more

Gold eases from 1-month high, traders seek more

Discuss Gold eases from 1-month high, traders seek more within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; Indian gold futures eased from their highest level in a month, weighed by a stronger rupee, but price falls were ...

Reply
 
LinkBack Thread Tools Display Modes
Gold eases from 1-month high, traders seek more
Old
 (1 (permalink))
Epic Research
epicresearchindore is an unknown quantity at this point
 
epicresearchindore
Analyst/Research at Epicresearch
Management Paradise Addict
 
Status: Offline
Posts: 1,861
Join Date: Jun 2012
Gold eases from 1-month high, traders seek more - August 1st, 2012

Indian gold futures eased from their highest level in a month, weighed by a stronger rupee, but price falls were not enough for traders seeking to stock up for the upcoming festival season.

The most-active gold for October delivery on the Multi Commodity Exchange (MCX) was 0.27 percent lower at 30,116 rupees per 10 grams at 0932 GMT, easing from the previous day's high of 30,325 rupees, its highest level since June 28.

The rupee, which traded stronger, plays an important role in determining the landed cost of the dollar-quoted yellow metal. "Demand is still poor... wholesalers are selling gold at a discount," said Mayank Khemka, managing director, Khemka Group of Companies. "I doubt whether demand will pick up and could pick up only if prices fall to Rs 28,000 ."

Physical demand has been subdued so far this year and is expected to remain dull. The festival season starts in August in India, the world's biggest gold buyer in 2011, and continues till November.

Traders are also eyeing the monsoon forecast for the second half of the June-September season, which is vital to gold demand in rural areas Monsoon rains, which have been below normal so far, are vital to the farm economy in rural areas, which account for 60 percent of gold demand.

September silver on the MCX was 0.36% lower at Rs 53,778 per kg.
Friends: (0)
Reply With Quote
Related to Gold eases from 1-month high, traders seek more
 
Similar Threads
Thread Thread Starter Forum Replies Last Post
Gold Online Traders SENSEX Brokers Styphen Sidni Business Environment 0 July 27th, 2012 01:46 PM
High and Mighty: Behind the Vision of the City's Newest Park Maya Raichura International MBA 0 July 20th, 2012 04:30 PM
!!!!!!!!!!News!!!!!!!!!!!!!! Vijith Pujari Stock Markets Tips & Gyan !! 17 October 19th, 2007 11:28 AM
WHAT'S REALLY DRIVING THE GOLD PRICE UP ( By Julian Philips- Global Investor) nick18_in Articles !! 0 April 22nd, 2006 10:52 PM
High School vs. College Vijith Pujari LaUghTeR AccEleRatED , Just CHILL !! 0 February 7th, 2006 11:50 PM
 

Reply

Bookmarks

Tags
1month, eases, gold, high, seek, traders

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Login
Forgot Password?  New User?
  
» Ads




» Recent Threads
Solution manual on... ( 1 2 3)
Last post by Bilal Yaqub
36 Minutes Ago 04:08 PM
25 Replies
TYBMS Sem 6 Important...
Last post by Parvathy Bms
1 Hour Ago 02:58 PM
0 Replies
Matz Uzry 7th edition of...
Last post by Aamna Ashiq
19 Hours Ago 08:47 PM
0 Replies
Solution of Matz Uzry...
Last post by Aamna Ashiq
20 Hours Ago 08:42 PM
0 Replies
need an answer...
Last post by Alifia Puspita
21 Hours Ago 07:20 PM
0 Replies
New Classic iPhone 6!
Last post by Vinod Gupta
22 Hours Ago 06:07 PM
0 Replies
HTC Launched Budget...
Last post by Vinod Gupta
22 Hours Ago 06:02 PM
0 Replies
Man City FC Won!
Last post by Vinod Gupta
22 Hours Ago 05:57 PM
0 Replies
Canvas Doodle 3 for Rs:...
Last post by Vinod Gupta
22 Hours Ago 05:51 PM
0 Replies
Google's Animated Earth...
Last post by Vinod Gupta
22 Hours Ago 05:45 PM
0 Replies
Daily Ncdex Trading Tips...
Last post by Riya Bajaj
1 Day Ago 04:40 PM
1 Replies
National Institute of...
Last post by Murgha Joshi
1 Day Ago 12:48 PM
0 Replies
National Institute of...
Last post by Murgha Joshi
1 Day Ago 12:37 PM
0 Replies
Mumbai Educational Trust...
Last post by Murgha Joshi
1 Day Ago 12:29 PM
0 Replies
ERA Business School:...
Last post by Murgha Joshi
1 Day Ago 12:16 PM
0 Replies
» Projects Helpline
Project on CRM (...
Last post by Vish Kumar
1 Week Ago 06:12 PM
ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.


Management Paradise
About Us
Press
Jobs
Contact Us
Kartik Raichura
Legal
Terms & Conditions
Privacy Policy
Disclaimer
Copyrights
Help
Zeitgeist
Support
FAQs
Tour
Feedback
Partners
Follow
Copyright © 2004 - 2013 Management Paradise. Site Developed by Available.co.in