#commodityupdates

"Market's Term of the Day"

Do you know what is the meaning of "Bid"?

The bid is the amount of money a trader is willing to pay per share for a given stock.

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"Quote of the Day"

It is Dead Right, what do you think? Tell us in comments.

Do not save what is left after spending, but spend what is left after saving.

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RBI’s fund transfer allays fiscal concerns, but room for stimulus still limited

According to economists, the government is likely to receive additional revenue inflows of around ₹60000 crore

Fiscal slippages are also likely to weigh on government yields

In-line with the recommendations of the Bimal Jalan Committee, the Reserve Bank of India (RBI) will transfer ₹1.76 trillion to the government this fiscal year.

Since this government has shown a commitment to fiscal consolidation, economists expect excess money to be largely reserved to meet the expected shortfall in tax revenues. Of course, some of these funds may also be used for recapitalizing public sector banks, which the government decided last week to disburse upfront.

Read Complete Post at:- https://ethicalresearchblog.blogspot.com/2019/08/rbis-fund-transfer-allays-fiscal.html

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"Market's Term of the Day"

Do you know what is the meaning of "Bear market"?

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Gold prices had hit record highs last week in India

Higher gold prices have however hurt demand in India

Gold prices eased in Indian markets, tracking a similar trend in global markets. On MCX, October gold futures were down 0.40% today to ₹37,792 per 10 grams. Tracking gold, silver prices also softened in Indian markets with September silver contracts on MCX slipping 0.75% to ₹43,490 per kg. Globally, gold prices slipped 0.3% to $1,508.79 an ounce today as some risk appetite was back in equity markets across the globe after a wild week.

Further hurting gold prices today risk sentiment across the globe improved on expectations of some sort of stimulus in China and Germany. White House economic adviser Larry Kudlow said trade deputies from the US and China would speak within 10 days and "if those deputies' meetings pan out... we are planning to have China come to the USA" to advance negotiations over ending a trade battle that has emerged as a potential risk to global economic growth.

Read Complete post here. 

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Goldm prices on MCX were trading lower. At 14:24 hrs MCX GOLDM June contract was trading at Rs 26060 down Rs 175, or 0.67 percent. The GOLDM rate touched an intraday high of Rs 26217 and an intraday low of Rs 26026. So far 23904 contracts have been traded. GOLDM prices have moved down Rs 4081, or 13.54 percent in the June series so far. MCX GOLDM July contract was trading at Rs 26046 down Rs 159, or 0.61 percent. The GOLDM rate touched an intraday high of Rs 26212 and an intraday low of Rs 25991. So far 3699 contracts have been traded. GOLDM prices have moved down Rs 3954, or 13.18 percent in the July series so far. MCX GOLDM August contract was trading at Rs 26096 down Rs 148, or 0.56 percent. The GOLDM rate touched an intraday high of Rs 26252 and an intraday low of Rs 26044. So far 907 contracts have been traded. GOLDM prices have moved down Rs 1254, or 4.59 percent in the August series so far.

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