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 Epicresearch
Management Paradise Addict
 
Status: Offline
Posts: 1,980
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
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 On


Login
Forgot Password?  New User?
  

» Ads





» Recent Threads

Solutions Manual on... ( 1 2 3... Last Page)
Last post by Sarwat Jahan
7 Hours Ago 02:35 AM
39 Replies
MBA Colleges in Hyderabad
Last post by Ashish Paul
17 Hours Ago 04:33 PM
0 Replies
MBA Colleges in...
Last post by Ashish Paul
17 Hours Ago 04:27 PM
0 Replies
MBA Colleges in Hubli
Last post by Ashish Paul
17 Hours Ago 04:26 PM
0 Replies
MBA Colleges in Howrah
Last post by Ashish Paul
17 Hours Ago 04:23 PM
0 Replies
MBA Colleges in Hospet
Last post by Ashish Paul
17 Hours Ago 04:20 PM
0 Replies
MBA Colleges in...
Last post by Ashish Paul
17 Hours Ago 04:19 PM
0 Replies
MBA Colleges in Hojai
Last post by Ashish Paul
17 Hours Ago 04:17 PM
0 Replies
MBA Colleges in Hodal
Last post by Ashish Paul
17 Hours Ago 04:16 PM
0 Replies
MBA Colleges in Hisua
Last post by Ashish Paul
17 Hours Ago 04:14 PM
0 Replies
MBA Colleges in...
Last post by Ashish Paul
17 Hours Ago 04:13 PM
0 Replies
MBA Colleges in Hisar
Last post by Ashish Paul
18 Hours Ago 04:11 PM
0 Replies
MBA Colleges in...
Last post by Ashish Paul
18 Hours Ago 04:10 PM
0 Replies
MBA Colleges in Hilsa
Last post by Ashish Paul
18 Hours Ago 04:09 PM
0 Replies
MBA Colleges in Hindupur
Last post by Ashish Paul
18 Hours Ago 04:07 PM
0 Replies

» Projects Helpline

Retail Management Notes
Last post by Bhautik Kawa
1 Week Ago 10:56 AM
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