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 traders stay away on weak monsoon forecasts

Gold traders stay away on weak monsoon forecasts

Discuss Gold traders stay away on weak monsoon forecasts within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; Indian gold traders stayed on the sidelines as they prepared to face weak rural demand after the weather office forecast ...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
Gold traders stay away on weak monsoon forecasts
Old
 (1 (permalink))
Epic Research
epicresearchindore is an unknown quantity at this point
 
epicresearchindore
Analyst/Research at Epicresearch
Management Paradise Guru
 
Status: Offline
Posts: 2,089
Join Date: Jun 2012
Gold traders stay away on weak monsoon forecasts - August 3rd, 2012

Indian gold traders stayed on the sidelines as they prepared to face weak rural demand after the weather office forecast a drought which could dent farm incomes and savings.

Physical demand has been subdued so far this year and is expected to remain dull after doubling of import duty to 4 percent. Deficient monsoon rains could further dent gold demand in rural areas, which contribute to 60% of imports.

"No one is buying now, there is pin drop silence... the whole liquidity cycle will dry up in the short-term, hampering our business," said Kumar Jain, vice-president of Mumbai Jewellers Association.

The federal government signalled the first drought in three years on Thursday, which could squeeze crop yields and farmers' income.

The festival season starts in August in India, the world's biggest gold buyer in 2011 and continues till November.

The most-active gold for October delivery on the Multi Commodity Exchange (MCX) was 0.23 percent lower at 29,946 rupees per 10 grams at 1104 GMT.

Silver futures also traded flat following the yellow metal.

Silver for September delivery was 0.09 percent higher at 52,856 rupees per kg.
Advertisements



To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
|
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
|
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Friends: (0)
Reply With Quote
Related to Gold traders stay away on weak monsoon forecasts
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
Gold eases from 1-month high, traders seek more Epic Research Stock Markets Tips & Gyan !! 0 August 1st, 2012 05:22 PM
Buy MCX Gold August around Rs 29690: Epic Research Stock Markets Tips & Gyan !! 0 July 31st, 2012 05:28 PM
Gold Online Traders SENSEX Brokers Styphen Sidni Business Environment 0 July 27th, 2012 01:46 PM
Gold edges higher, physical demand still weak Epic Research Stock Markets Tips & Gyan !! 0 July 20th, 2012 03:53 PM
WHAT'S REALLY DRIVING THE GOLD PRICE UP ( By Julian Philips- Global Investor) nick18_in Articles !! 0 April 22nd, 2006 10:52 PM
 

Reply

Bookmarks

Tags
forecasts, gold, monsoon, stay, traders, weak

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

BEST BBA COLLEGE IN...
1 Hour Ago 12:13 PM
0 Replies
Business Etiquettes that...
1 Hour Ago 12:12 PM
0 Replies
PGDM COLLEGE IN GUJARAT
1 Hour Ago 12:09 PM
0 Replies
Epic Research Update :...
Last post by Epic Research
2 Hours Ago 10:59 AM
2 Replies
Epic Research Update :...
Last post by Epic Research
2 Hours Ago 10:57 AM
2 Replies
Epic Research Update :...
Last post by Epic Research
2 Hours Ago 10:55 AM
2 Replies
TYBMS SEM 5 HRM Solved... ( 1 2)
Last post by Nikhil Bohara
4 Hours Ago 09:11 AM
10 Replies
TYBMS Sem 5 Solved Board... ( 1 2 3... Last Page)
Last post by Nikhil Bohara
4 Hours Ago 08:28 AM
233 Replies
The Koyal Group Info Mag...
Last post by Nessa Fisher
7 Hours Ago 06:13 AM
0 Replies
Given a choice between... ( 1 2 3... Last Page)
Last post by Gaurav Varma
12 Hours Ago 01:16 AM
133 Replies
Study of Marketing...
Last post by Amit Shah
15 Hours Ago 10:15 PM
1 Replies
Project on marketing...
Last post by Amit Shah
15 Hours Ago 10:03 PM
2 Replies
Top 10 Discussing about...
Last post by Murgha Joshi
15 Hours Ago 09:27 PM
0 Replies
Official Trailer of...
Last post by Murgha Joshi
16 Hours Ago 09:16 PM
0 Replies
TYBMS Sem 5 question...
Last post by Joel Francis
16 Hours Ago 09:08 PM
1 Replies

» Projects Helpline

Summer Internship...
Last post by Nitin Phalaswal
2 Days Ago 07:49 AM
projects in operations...
Last post by Pankaj Saini
2 Days Ago 01:19 AM
List of TYBMS 100 marks ...
Last post by Elle Robinson
2 Days Ago 01:47 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