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 Epic Research
Management Paradise Guru
Status: Offline
Posts: 2,142
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
Friends: (0)
Reply With Quote
#  
MBA
Your Friendly Helper
 
www.ManagementParadise.com
Rep Power: 10MBA Helper
Automatic Reply for links related to your post

Hello.

I am your friendly Helper. Check the related links below which might be of your interest.

Not a Member Yet ?? Sign Up Now. Click Here

Looking for something? Search the Forums

Need Help on your Research Report ? Ask for Help or Help Others and create your network. Give back to the community by sharing your knowledge in terms of notes, research reports, discussions, articles etc..

Help Yourself and Help Others


Ask us, we are here to help

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 06:22 PM
Buy MCX Gold August around Rs 29690: Epic Research Stock Markets Tips & Gyan !! 0 July 31st, 2012 06:28 PM
Gold Online Traders SENSEX Brokers Styphen Sidni Business Environment 0 July 27th, 2012 02:46 PM
Gold edges higher, physical demand still weak Epic Research Stock Markets Tips & Gyan !! 0 July 20th, 2012 04:53 PM
WHAT'S REALLY DRIVING THE GOLD PRICE UP ( By Julian Philips- Global Investor) nick18_in Articles !! 0 April 22nd, 2006 11:52 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 Off


Login
Forgot Password?  New User?
  

» Recent Threads

hey guys here is notes... ( 1 2)
Last post by Riddhi Trivedi
9 Minutes Ago 09:42 AM
19 Replies
U.S. to respond to...
Last post by Maya Raichura
6 Hours Ago 03:20 AM
0 Replies
How to get a $20K...
Last post by Maya Raichura
6 Hours Ago 02:52 AM
0 Replies
2016 Best Graduate...
Last post by Maya Raichura
6 Hours Ago 02:52 AM
0 Replies
Blackstone CEO: Being...
Last post by Maya Raichura
6 Hours Ago 02:52 AM
0 Replies
How to Use Social Media...
Last post by Maya Raichura
6 Hours Ago 02:52 AM
0 Replies
U.S. envoy to Yemen to...
Last post by Maya Raichura
10 Hours Ago 11:10 PM
0 Replies
SSC Important Questions...
Last post by Jagruti Shah
13 Hours Ago 08:49 PM
3 Replies
Highlight - Ireland vs...
Last post by Ritesh Maratha
14 Hours Ago 07:23 PM
0 Replies
Michelle Obama heads to...
Last post by Maya Raichura
14 Hours Ago 07:00 PM
0 Replies
Introduction to...
Last post by Tripti Gusain
15 Hours Ago 06:23 PM
0 Replies
Aramark head Neubauer...
Last post by Maya Raichura
19 Hours Ago 02:50 PM
0 Replies
Key Takeways from Budget...
Last post by Joel Francis
19 Hours Ago 02:14 PM
0 Replies
Ireland vs South Africa,...
Last post by Ritesh Maratha
20 Hours Ago 01:41 PM
0 Replies
New Zealand Climb in ODI...
Last post by Ritesh Maratha
20 Hours Ago 01:34 PM
0 Replies

» Ads






» Projects Helpline

No Threads to Display.
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