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Archive for the 'Commodities' Category

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Gold Strikes Over 5-week High; Demand Stays Loose

Gold prices high!

India’s gold future extending gains for the fifth session in a row, to the highest in more than five weeks, prompting physical traders to remain on the pipelines, dealers said. The most active gold for the month of April delivery on Multi Commodity Exchange was 0.52% higher at 28, 796 rupees per 10 grams, after […]

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Magma Fincorp Plans To Start Gold Finance Business!

Magma Fincorp, the famous retail finance NBFC has planned to start with their gold finance business in the first half of the next financial year and will be able to clear all the regulatory hurdles in beginning with their new business. Magma Fincorp Logo “We are a non-deposit taking non-banking financial company (NBFC) and the […]

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Multi Commodity Exchange (MCX) To Launch IPO In February

MCX Logo

According to certain sources, the initial public offering (IPO) of the Multi Commodity Exchange (MCX) is expected to start on Feb 22 and close on Feb 24. Rated as India’s biggest commodity exchange by turnover, the CMX received approval by the capital market’s regulator to go ahead with the launch of IPO. The MCX is […]

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Gold Prices Touch 6 Week High

2011 was a year which marked high rise in prices of Gold and the trend do not seem to change in the near future. Gold has touched a 6 week high as a result of overseas market. Strong rupee value however, managed to hold a bit. On the Multi Commodity Exchange, gold ended 0.25% at […]

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Want Good Returns On Your Money Tension Free? “Buy Gold, Gold ETF”

With all the prices increasing, when many of the commodities and enterprises are seeing a loss, gold on the other hand provided the best returns in the past five years. Standard & Poor’s GSCI Gold Total Return Index of The Bloomberg Riskless Return Ranking registered a 6.5% risk-adjusted return in the past five years. It […]

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Govt. Changes Import Duties Of Gold And Silver

Gold and Silver import duties changed

The Government has changed the import duty on both gold and silver. Silver import duty decreased a 6% from its previous value, Rs 1,500 per kilogram and import duty on gold altered a 2% value from its earlier Rs 300 per 10 grams. This announcement has brought a lot of changes in the market for […]

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