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 prices flat, traders seek price direction

Gold prices flat, traders seek price direction

Discuss Gold prices flat, traders seek price direction within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; Indian gold traded flat on Tuesday, consolidating in recent ranges following global trends, while a firmer rupee kept the upside ...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
Gold prices flat, traders seek price direction
Old
 (1 (permalink))
Epic Research
epicresearchindore is an unknown quantity at this point
 
epicresearchindore
Analyst/Research at Epicresearch
Management Paradise Guru
 
Status: Offline
Posts: 2,048
Join Date: Jun 2012
Gold prices flat, traders seek price direction - August 7th, 2012

Indian gold traded flat on Tuesday, consolidating in recent ranges following global trends, while a firmer rupee kept the upside in prices limited and traders sought price direction before booking deals ahead of festivals.

* The most-traded gold for October delivery on the Multi Commodity Exchange (MCX) was 0.18% higher at Rs 29,983 per 10 grams at 1:13 p.m. The contract has been trading in the Rs 29,851-30,025 range since August 3.

* Global gold traded nearly flat, retaining gains from the past two sessions as investors waited for action from the European Central Bank in hopes that it would do more to tackle the region's debt crisis.

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

* "Market is really slow, there is not much of activity before festivals," said a dealer with a private bank dealing in bullion.

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

* 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.

* Silver also traded steady following the yellow metal.

* Silver for September delivery on the MCX was 0.08% higher at Rs 53,389 per kg.
Advertisements
Friends: (0)
Reply With Quote
Related to Gold prices flat, traders seek price direction
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
Gold prices slip in major metros in India Epic Research Stock Markets Tips & Gyan !! 0 August 3rd, 2012 06:43 PM
Gold eases from 1-month high, traders seek more Epic Research Stock Markets Tips & Gyan !! 0 August 1st, 2012 05:22 PM
Role of Retail Chains in Inflation Measurement and Price Dynamics 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
 

Reply

Bookmarks

Tags
direction, flat, gold, price, prices, 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

Are women dominant ( 1 2 3... Last Page)
Last post by Malik Ahsin
2 Hours Ago 06:33 PM
91 Replies
World class manufacturing
Last post by Kartik Raichura
7 Hours Ago 01:56 PM
1 Replies
Indian Rupee Update by...
Last post by Epic Research
9 Hours Ago 11:22 AM
5 Replies
Asian Markets Update by...
Last post by Epic Research
10 Hours Ago 11:20 AM
5 Replies
Management acounting
Last post by H? Ly Tinh
22 Hours Ago 10:24 PM
0 Replies
topics for project on... ( 1 2)
Last post by Hrishita Sahay
1 Day Ago 07:43 PM
10 Replies
Hello Everyon
Last post by Bhautik Kawa
1 Day Ago 06:12 PM
2 Replies
Investment Banking...
Last post by Aaina Khan
1 Day Ago 04:11 PM
3 Replies
Short Term Technical... ( 1 2 3... Last Page)
Last post by Windsor Brokers
1 Day Ago 04:02 PM
66 Replies
Readers are advised to...
Last post by Hrishita Sahay
1 Day Ago 03:39 PM
2 Replies
Start Your Business with...
Last post by Juhani Gallen
1 Day Ago 12:07 PM
0 Replies
Supply Chain Management...
Last post by Tom Murdoch
1 Day Ago 10:03 AM
1 Replies
Test bank on... ( 1 2)
Last post by Yuut Muguh
1 Day Ago 01:26 AM
11 Replies
Solution manual on... ( 1 2 3... Last Page)
Last post by Yuut Muguh
1 Day Ago 01:25 AM
44 Replies
Solution manual on... ( 1 2 3... Last Page)
Last post by Yuut Muguh
1 Day Ago 01:23 AM
30 Replies

» Projects Helpline

project on privatisation
Last post by Shatrughna Bhoir
4 Days Ago 08:05 PM
topics related to 100...
Last post by Rachini Pandey
5 Days Ago 10:35 PM
Retail Management Notes
Last post by Rajesh Nimbunkar
1 Week Ago 05:12 PM
Final Year MBA Projects...
by Raasi
Last post by Raj Raj
1 Week Ago 03:23 PM
Project Management...
by onjono
Last post by Raj Raj
1 Week Ago 03:13 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