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Future Price (Rs) Change%
COPPER1KG
02-MAY-14
405.9-0.26
Crude oil
02-MAY-14
5997-0.03
Crude oil
02-MAY-14
5995-0.03
Gold
02-MAY-14
28566-0.05
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Commodity profile - Gold HNI
Latin Name
General characterstics
The delivery unit of Gold HNI is 3 kg, and its trading unit is also 3 kg. Purity for gold is 995 fineness. A good thermal and electrical conductor, gold is generally alloyed to increase its strength, and is used as an international monetary standard, in jewelry, for decoration, and as a plated coating on a wide variety of electrical and mechanical components.
Uses
A good thermal and electrical conductor, gold is generally alloyed to increase its strength, and is used as an international monetary standard, in jewelry, for decoration, and as a plated coating on a wide variety of electrical and mechanical components.
Market moving factor
1.Indian gold prices broadly follow international price trends.
2.Ground supply of gold directly co-relates with prices of gold. Gold supply is also determined by central bank sales, reclaimed scrap and official gold loans.
3.Demand for gold is closely tied to the production of jewelry and demad for gold during the festive seasons.
4.World macro-economic factors such as US Dollar, interest rate and crude oil prices influence the prices of gold.
5.Return on investment in gold compare to return on stock markets drive the sentiment of market.
 
 
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