Market Update

Market Watch
Showing posts with label Business News. Show all posts
Showing posts with label Business News. Show all posts

Friday, 22 July 2016

Gold Slips on Profit Taking

Gold fell on Friday as investors cashed in profits following a 1.2 percent gain in the previous session on
improving demand for the metal on signs U.S. and European central banks will continue loose monetary policies in the medium term. "We have seen little selling coming into the market which is understandable given gold is about $20 higher from the lows traded in Asia on Thursday," MKS Group trader Jason Cerisola said, adding that gold has very good support at $1,310 level. 
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Spot gold edged lower 0.5 percent at $1,324.30 an ounce at 0344 GMT. Bullion is set for a 0.7 percent decline for the week. U.S. gold slipped 0.5 percent at $1,324.80 an ounce. The U.S. Federal Reserve will wait until the fourth quarter before raising interest rates, likely in December after the presidential election, according to a Reuters poll which once again showed subdued inflation expectations.  
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.22 percent to 963.14 tonnes on Thursday. [GOL/ETF] Palladium, which touched its highest since late October 2015 on Thursday, was heading for its fifth straight week of gains. It dipped 0.4 percent to $679.60. Silver, which hit a near two-week low on Thursday, was down 0.2 percent to $19.72 an ounce. Platinum was down 0.2 percent to $1,095.05.

Tuesday, 19 April 2016

Gold Investment Strategy


Gold is the oldest precious metal and it has been valued as a global currency, a commodity, an investment and also a symbol of beauty. Gold is the world’s oldest international currency and an important element of global monetary reserves. Having gold in your investment portfolio is a smart choice. Returns from gold can help beat inflation and even during periods of crisis, when equity markets have not performed well, gold has given stable returns . Investors across the world buy gold as an investment. The demand for gold has risen over the last few years.


For more information about Gold trading visit www.capitalheight.com/bullion-premium.php


WAYS OF INVESTING IN GOLD
1. Coins and bars:-
Gold bars are a simple and efficient way to invest in gold. Gold Coins is sensible to purchase one ounce gold bullion coins, guaranteed by a government Gold
coins are mass produced .

2. Jewellery :-
Gold in the form of jewellery is the referred from of gold investment for a majority people in India. It server dual purpose being a consumption article as well as investment for future.

3. Gold Accumulation Plans (GAP) :-
Gold Accumulation Plans (GAPs) are similar to conventional savings plans in that they are based on the principle of putting aside a fixed sum of money every month.

4. Exchange Traded Funds (ETFs) :-
Buying Gold ETF is purchasing gold in electronic form. You buy them just like you buy stock of any company from your broker.

5. Gold funds :-
Gold fund of funds is a solution meant for investors who wish to invest in gold but do not have a demat account. It aims to generate returns by investing in units of gold ETF. It works like any other open-ended mutual fund scheme.

6. E- Gold :-
Trading in E-Gold has been on since 17th March 2010. Gold can bee purchased in a demat form through National Spot Exchange Limited (NSEL). One unit of e-gold is equal to 1 gram of gold.

Wednesday, 6 April 2016

Accurate Live Mcx Bullion Premium News


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FUNDAMENTALS

  • Gold held sharp overnight gains on Wednesday as soft global economic data and a tumble in equities sent investors scurrying towards the safe-haven metal.
  • Spot gold eased 0.2 percent to USD 1,228.30 an ounce by 0040 GMT on profit taking.
  • Bullion rose along with other safe-haven assets such as the Japanese yen as economic data out of Europe and the United States prompted a retreat from riskier assets.
  • SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.28 tonnes to 815.44 tonnes on Tuesday.
  • MCX Copper closed at Rs 315.05 per kg on 5 April 2016 sharply lower from Rs 314.40 per kg on 4 April 2016.
  • Zinc futures tumbled in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market.
  • Gold futures regained sheen on Tuesday as a renewed global stock rout and falling oil prices.

Saturday, 2 April 2016

Bullion Stock Market News



गोल्ड के बदले मिलेगा गोल्ड, आरबीआई ने मानी मंदिर-ट्रस्टों की मांग
रिजर्व बैंक ऑफ इंडिया (आरबीआई) ने गोल्ड मोनेटाइजेशन स्कीम को ज्यादा प्रभावी बनाने के लिए मंदिर और धार्मिक ट्रस्टों के अनुरोध को स्वीकार करते हुए स्कीम में फेरबदल कर दिया है। अब जमा किए गए गोल्ड पर इंटरेस्ट के रूप में ऐसे संस्थानों को रुपए मिलेंगे, जबकि मैच्युरिटी पर जमा करने वाले को गोल्ड लेने का ऑप्शन रहेगा। आरबीआई ने ने अपने नोटिफिकेशन में कहा है कि मैच्युरिटी के वक्त होने वाले इंटरेस्ट का पेमेंट रुपए में किया जा सकेगा। हालाकिं गोल्ड में पेमेंट का ऑप्शन चुनने पर जमाकर्ता को को 0.2 फीसदी एडमिनिस्ट्रेटिव चार्ज देना होगा।

सऊदी अरब बनाएगा 2 लाख करोड़ डॉलर का फंड, नहीं रहेगा तेल पर नि‍र्भर
सऊदी अरब खुद को तेल की दुनि‍या से बाहर नि‍कालते हुए दुनि‍या का सबसे बड़ा सॉवरेन वेल्‍थ फंड बनाने की तैयारी कर रहा है। सऊदी अरब के डि‍प्‍टी क्राउन प्रिंस मोहम्‍मद बि‍न सलमान ने पांच घंटे तक चली वार्ता के बाद पब्‍लि‍क इन्‍वेस्‍टमेंट फंड (पीआईएफ) के लि‍ए अपना वि‍जन सामने रखा। ब्‍लूमबर्ग की एक रि‍पार्ट के मुताबि‍क, यह फंड 2 लाख करोड़ डॉलर से ज्‍यादा का होगा जो उसे तेल पर मौजूद नि‍र्भरता को खत्‍म करने में मदद करेगा। यह फंड इतना है कि‍ वह एप्‍पल, गूगल की कंपनी अल्‍फाबेट माइक्रोसॉफ्ट और बर्कशायर हैथवे को खरीद सकता है।
 
जियोमेट्रिक को एचसीएल टेक ने खरीदा, 20 करोड़ डॉलर में हुआ सौदा
इंजीनियरिंग, प्रोडक्ट लाइफसाइकल प्रबंधन के क्षेत्र में सर्विस देने वाली गोदरेज ग्रुप की कंपनी जियोमेट्रिक को एचसीएल टेक ने खरीद लिया है। दोनों कंपनियों के बीच ये सौदा करीब 20 करोड़ डॉलर में हुआ है। हालांकि इसके लिए कंपनी कोई कैश नहीं देगी, यानी ये डील शेयर स्वैप के जरिए हो रही है। शेयर स्वैप के तहत जियोमेट्रिक के 43 शेयर के बदले एचसीएल टेक के 10 शेयर मिलेंगे।

2015 में कंपनी का रेवन्यु 1,105 करोड़ रुपए
वित्त वर्ष 2015 में कंपनी का रेवेन्यु 1,105 करोड़ रुपए था। साल 2014 में कुछ प्राइवेट इक्विटी फंडों ने प्रवर्तकों की हिस्सेदारी खरीदने में दिलचस्पी दिखाई थी। हालांकि कीमतों में अंतर होने की वजह से बातचीत अंतिम रूप नहीं ले सकी।

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