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 at 30,000 rupees; traders stay away

Gold at 30,000 rupees; traders stay away

Discuss Gold at 30,000 rupees; traders stay away within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; Indian gold hit the Rs 30,000 mark on Monday, following firm global markets, while a stronger rupee kept the upside ...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
Gold at 30,000 rupees; traders stay away
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: 2,144
Join Date: Jun 2012
Gold at 30,000 rupees; traders stay away - August 6th, 2012

Indian gold hit the Rs 30,000 mark on Monday, following firm global markets, while a stronger rupee kept the upside limited, with traders unwilling to book deals near the keenly-watched level.

* At 0939 GMT, the most-traded gold for October delivery on the Multi Commodity Exchange (MCX) was 0.21% higher at Rs 29,966 per 10 grams, after hitting a high of Rs 30,004 earlier in the day.

* The contract had touched rs 30,396 on August 3 .

* Global gold inched higher, extending gains from the previous session after better-than-expected US employment data lent support to risk appetite, weighing on the dollar.

* The rupee, which traded stronger on Monday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.

* "Business has come to a standstill... people's money is lying with the banks, they are still waiting for prices below Rs 30,000," said Harshad Ajmera, proprietor of Kolkata-based JJ Gold House.

* Physical demand has already halved in India, the world's biggest consumer in 2011, due to doubling of import duty to 4%. Forecasts of deficient rains are likely to further threaten demand from rural areas, which contribute to 60% of the country's gold imports.

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

* Silver also traded higher following the yellow metal.

* Silver for September delivery on the MCX was 0.17% higher at Rs 53,363 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 at 30,000 rupees; traders stay away
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
Gold traders stay away on weak monsoon forecasts Epic Research Stock Markets Tips & Gyan !! 0 August 3rd, 2012 06:12 PM
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
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
000, gold, rupees, stay, 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 Off


Login
Forgot Password?  New User?
  

» Recent Threads

SALES FORCE PROMOTION
Last post by Pandey Bhoopendra
1 Minute Ago 06:48 PM
1 Replies
ADVANTAGES and...
Last post by Pandey Bhoopendra
9 Minutes Ago 06:40 PM
2 Replies
Financial Management... ( 1 2 3)
Last post by Pandey Bhoopendra
15 Minutes Ago 06:35 PM
27 Replies
Direct and Indirect...
Last post by Pandey Bhoopendra
26 Minutes Ago 06:24 PM
1 Replies
TYBMS Sem 6 Important...
Last post by Pandey Bhoopendra
31 Minutes Ago 06:18 PM
9 Replies
List of Courses in...
Last post by Pandey Bhoopendra
36 Minutes Ago 06:13 PM
3 Replies
Leadership Style at...
Last post by Pandey Bhoopendra
39 Minutes Ago 06:11 PM
2 Replies
STEPS IN QUESTIONNAIRE.....
Last post by Pandey Bhoopendra
48 Minutes Ago 06:02 PM
2 Replies
Organisational Structure...
Last post by Pandey Bhoopendra
54 Minutes Ago 05:55 PM
2 Replies
FULL NOTES FYBMS SEM-2 ( 1 2)
Last post by Pandey Bhoopendra
1 Hour Ago 05:44 PM
16 Replies
Free Solved MBA... ( 1 2 3... Last Page)
Last post by Pandey Bhoopendra
1 Hour Ago 05:39 PM
52 Replies
Ashish Nehra Top...
Last post by Dharmik Moni
1 Hour Ago 05:35 PM
0 Replies
Eurovision Song Contest:...
Last post by Pandey Bhoopendra
2 Hours Ago 04:04 PM
0 Replies
Ireland Referendum: -...
Last post by Pandey Bhoopendra
3 Hours Ago 03:09 PM
0 Replies
Movie Review :...
Last post by Dharmik Moni
3 Hours Ago 03:05 PM
0 Replies

» Ads






» Projects Helpline

140 topics of TYBMS
Last post by Pandey Bhoopendra
22 Hours Ago 07:54 PM
Summer Internship...
Last post by Pandey Bhoopendra
1 Day Ago 09:28 PM
topics related to 100...
Last post by Pandey Bhoopendra
5 Days Ago 05:58 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