Citi says some investors in Europe referred to India as a 'tease' market, which is on the radar once again due to lower commodity prices, expansionary global monetary conditions and prospects of a good monsoon.
sudden crash kind of scenario came in gold and silver. Perhaps by tomorrow night or Thursday night in US trading hours I am expecting another firm top in gold and silver. This recent crash and from thereon
of foreign currency. It had touched a historic high of 6.7 percent of the GDP in the October-December quarter.According to Nomura, the recent fall in gold price will likely reduce India's gold import bill
At 16:20 hrs MCX GOLDM June contract was trading at Rs 27174 down Rs 19, or 0.07 percent. The GOLDM rate touched an intraday high of Rs 27292 and an intraday low of Rs 27138. So far 18689 contracts have been traded. GOLDM prices have moved down Rs 2967, or 9.84 percent in the June series so far.
At 14:05 hrs MCX GOLDPETAL May contract was trading at Rs 2728 up Rs 4, or 0.15 percent. The GOLDPETAL rate touched an intraday high of Rs 2733 and an intraday low of Rs 2720. So far 12771 contracts have been traded. GOLDPETAL prices have moved down Rs 275, or 9.16 percent in the May series so far.