Physical gold market awaits fresh import guidelines

22-05-2013| Source:Reuters

After India banned the import of gold on payment of margin basis in January, physical gold market still awaits fresh guidelines from the Reserve Bank of India.

NSEL GOLD

Commodity Last Price Change % Chg Volume High Low Open Interest
E-GOLD 2702.00 -17.10 -0.63 712878 2730.00 2697.00 2294
GOLDMKOL2 28888.00 0.00 0.00 1908 28889.00 27226.00 0
GOLDMKOL0 28581.00 0.00 0.00 1814 28592.00 26945.00 0
GOLDIBMMUM 27603.00 0.00 0.00 1600 27603.00 27419.00 1600
GOLDMKOL1 28974.00 0.00 0.00 622 28976.00 27293.00 0
GOLDPTN4 28811.00 0.00 0.00 240 28811.00 27133.00 0
GOLDKOL1 27965.00 0.00 0.00 184 28471.00 27355.00 0
GOLDIB9MUM 2677.00 0.00 0.00 100 2677.00 2677.00 100
GOLDKOL2 28681.00 0.00 0.00 92 28681.00 27557.00 0
GOLDMAHM0 29555.00 0.00 0.00 70 29555.00 29555.00 50
GOLDAHM0 30575.00 0.00 0.00 50 30575.00 30565.00 50
GOLDMUM2 32075.00 0.00 0.00 14 32136.00 32075.00 14
IBMAGLDDEL 26686.00 0.00 0.00 10 26686.00 26686.00 10
GOLDAHMD2 26236.00 0.00 0.00 7 26431.00 26236.00 7
GOLD10GIGS 27770.00 0.00 0.00 6 27770.00 27770.00 6
GOLDJPR2 28817.00 0.00 0.00 2 28817.00 28817.00 2
GOLD8GIGS 22300.00 0.00 0.00 2 22300.00 22200.00 2
CAPSGOLDMN 30207.00 0.00 0.00 1 30207.00 30207.00 1
CAPSGLDMUM 31869.00 0.00 0.00 1 31869.00 31869.00 1
PARKERMINI 26670.00 0.00 0.00 1 26670.00 26670.00 1
SURGOLDCHN 2693.30 0.00 0.00 1 2693.30 2693.30 1
CAPSGLDVJW 28937.00 0.00 0.00 1 28937.00 28937.00 0
GOLDMMUM2 26477.00 0.00 0.00 1 26477.00 26477.00 1
VARUNGLDM2 28494.00 0.00 0.00 1 28494.00 28494.00 1
CAPSGOLD 30440.00 0.00 0.00 1 30440.00 30440.00 1

Latest Goldibmmum News

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Buy MCX Gold June near Rs 26200; target Rs 26600: Geojit

22-05-2013| Source:Moneycontrol.com

Geojit Comtrade has come out with its report on metals and energy. According to the research firm, one can buy MCX Gold June around 26200 levels with a stop loss below Rs 26000 for price target of Rs

MCX Goldpetal July contract advances

22-05-2013| Source:Moneycontrol.com

Goldpetal prices on MCX advanced. At 16:07 hours IST, MCX Goldpetal July contract was trading at Rs 2646 up Rs 18, or 0.68 percent.

See good support for silver at $20-20.5/oz: Expert  

22-05-2013| Source:CNBC-TV18

Silver was at its weakest in over two years on Monday, as it tumbled 7 percent to USD 20.69 an ounce. According to Sunil Kashyap, MD of Scotia Mocat silver is driven right now by gold. Therefore

Weaker rupee can support gold prices: Emkay

22-05-2013| Source:Moneycontrol.com

Emkay Commodity Research has come out with its report on precious, base metals and energy. According to the research firm, Gold in India is also likely to be in range. However a weaker rupee due

MCX Goldguinea May contract trades firm

22-05-2013| Source:Moneycontrol.com

MCX Goldguinea May contract was trading at Rs 20990 up Rs 94, or 0.45 percent. MCX Goldguinea prices have moved down Rs 3110, or 12.90 percent in the May series so far.

Gold gains on U.S. stimulus hopes; Bernanke eyed

22-05-2013| Source:Reuters

Gold rises by 0.2 per cent, it was recently under pressure on account of fears the Fed could scale back or halt its monthly $85 billion bond purchases.

Govt further cuts import tariff value of gold

22-05-2013| Source:PTI

Tariff value of gold has been slashed from USD 466 per ten grams to USD 440 per ten grams.

Gold rallied for years on 'misunderstanding'

22-05-2013| Source:CNBC

The rally in the gold market over the last several years has been based on a misunderstanding of the global economy's problems and a misunderstanding of what quantitative easing is.Investors are just

Buy MCX Gold June fut; target Rs 26580: Fortune Financial

22-05-2013| Source:Moneycontrol.com

Fortune Financial Services has come out with its technical report on bullion. According to the research firm, MCX Gold June futures contract trend is weak on chart, day traders can sell on rise

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News across the web »
May 22, 2013 at 18:00 | Source: Business Week
May 22, 2013 at 18:00 | Source: NDTV Profit
May 22, 2013 at 16:52 | Source: The Hindu BusinessLine
May 22, 2013 at 16:52 | Source: Financial Express
May 22, 2013 at 16:14 | Source: FirstPost
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All Gold Contracts

Name Price Chg.%
GOLD (5 Jun) Rs 26120.00 0.04
GOLDGUINEA (31 May) Rs 20949.00 0.25
GOLDM (5 Jun) Rs 26208.00 0.08
GOLDPETAL (31 May) Rs 2618.00 0.15
GOLDPTLDEL (31 May) Rs 2772.00 2.21

Gold Weight Conversion Table

To convert from To Multiply by
Troy ounces Grams 31.1035
Million ounces Tonnes 31.1035
Grams Troy ounces 0.0321507
Kilograms Troy ounces 32.1507
Tonnes Troy ounces 32,150.70
Kilograms Tolas 85.755
Kilograms Taels 26.7172
Kilograms Bahts 68.41
Troy ounces Grains 480
Troy ounces Avoirdupois ounces 1.09714
Troy ounces Penny weights 20
Avoirdupois ounces Troy ounces 0.911458
Short tonne Metric tonne 0.9072