The Multi Commodity Exchange of India Ltd has finalised the futures contract details of six commodities - gold, silver, castor seed, cotton, rubber and pepper. All the contracts will be physical delivery based.
Commodity futures are in fashion these days not just because they are on the front lines of all business journals and panel discussions, but because they are going to dominate the investor's horizon in times to come.
Both banks and jewelers sell coins and bars, but it is generally costlier to buy it from a bank
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
These contracts will expire on the last trading day of the month prior to the expiry of international bullion futures contract, be settled on expiry at import parity costing, delivery logic based on intention matching and rupee value contracts for importers and traders.
While global uncertainty has led to a rise in prices in 2016, there is still a lot of doubt regarding its future.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
Manavaditya Rathore, son of Olympic silver medallist Rajyavardhan Rathore, clinched the gold medal in junior men's trap at the 4th Asian Shotgun Championships in Al Ain, Dubai on Tuesday.
The council is looking at the youth as a segment in the global market and has started the LoveGold on the social media (Facebook and Twitter).
India owns over 18,000 tonnes of above ground gold stocks worth approximately $800 billion and representing at least 11 per cent of global stock, according to estimates of World Gold Council.
'Sweden removed the inheritance tax because many of the rich were fleeing. For example, the owner of IKEA had migrated out of Sweden'
A new idol of Ram Lalla sculpted by Mysuru-based Arun Yogiraj has been selected for installation at the Ram temple in Ayodhya, temple trust's general secretary Champat Rai said on Monday.
Celebrated Indian grappler Yogeshwar Dutt neither praised nor criticised the new selection policy of the IOA-constituted ad-hoc panel for wrestling, which states that Olympic quota winners will have to compete against a challenger to book a ticket to the Paris Games.
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Derivatives exchange DGCX started trading futures for the S&P BSE Sensex
Bullion may settle with limited upside potential
'Alas, in this scheme there is nothing to stop the black money flows of the future.' 'On the contrary Modi has sown the seeds of more, through the issue of Rs 2,000 notes.' 'But have you heard one politician decrying this aspect of the scheme?' 'They must be secretly rejoicing that while Modi is taking away their past, he has not shut the door on their future,' says banker S Muralidharan.
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
Nikhat emerges as India's biggest star in a year filled with historic performances
In Mumbai, gold of 99.9 and 99.5 per cent purity traded at Rs 29,915 and Rs 29,765 per ten gram, while silver enquired at Rs 45,450 per kg.
Imports in July 2012 were 65 tonnes, said a bullion analyst.
The four astronauts are -- Prashanth Balakrishnan Nair, Angad Prathap, Ajit Krishnan, and Shubhanshu Shukla -- Modi said at the Vikram Sarabhai Space Centre (VSSC) at Thumba near the Kerala state capital.
Tokyo Olympics bronze medallist Lovlina's World Championship campaign in the 70 kg category came to an early end after a disappointing loss in the pre-quarterfinals.
Australia's state of Victoria will not host the 2026 Commonwealth Games due to projected cost overruns.
The recently approved government scheme provides both liquidity and returns.
'Historically, equities have consistently outperformed debt, gold, property, and other assets over a reasonable period.'
The exchange also asked traders to square off their trading positions in three contracts -- gold February 2015, kapas March 2015 and kapas April 2015.
Another PSU has entered the arena of bullion Futures market. In a recent development, the Handicrafts & Handlooms Exports Corporation of India, a PSU under the ministry of textiles, has started hedging in bullion metals at the Multi Commodity Exchange. According to the PSU officials, it has hedged Rs 13 crore in gold and silver over the last one month.
The scheme is yet to take off.
You need careful planning to accumulate a corpus for your children's dreams and goals
They welcomed the guests before the start of the dinner from the reception dais, with its backdrop showcasing the ruins of the Nalanda University in Bihar besides India's G20 presidency theme -- 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future'.
USA withdrew from Russian-led International Boxing Association and is set to join the breakaway federation.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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For a long time, Viswanathan Anand was the lone flag-bearer of Indian chess, taking the world by storm with his exploits.
'It's important that every portfolio is well diversified.' 'My own portfolio is diversified across asset classes: 50% is in equity funds, 15% in international schemes, 25% in debt funds and 10% in sovereign gold bonds.'
The Olympic bronze he scooped from shooting, the first for India in the London Games, was celebrated across the nation but Gagan Narang's mother was disappointed as she was expecting a gold medal, the shooter said on his return to the country.
Gold prices shone smartly to end higher by Rs 245 on the very first day of Samvat year 2065 following fresh demand from investors on the festive season of Diwali amid positive global cues.
