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Commodity market regulator FMC Gold - Silver additional (excess) margin of 5 percent is removed. According to FMC in these commodities is not so much volatility is Utya these steps . Besides bullion , crude oil , natural gas , base metals have been removed from the margin .
Prices for silver are listed slightly higher by 0.12 percent at 48,216 rupees per kilo in the futures market today as speculators devoted themselves to creating new positions on expectations of an increase in demand for the season wedding.
NSEL stock exchange crisis on default for the 12th consecutive time on Tuesday, as it could pay only 11 crore rupees to investors against the scheduled payment amount of Rs 174.72 million rupees. With pay-out Tuesday, NSEL set up around Rs 220 million rupees Rs 5,600 crore against quota to 13,000 investors.
Gold Premiums in India reduced by half on Tuesday of the past week due to unusually silence demand during the festival season and such as supply is set to improve after some importers began purchasing agencies for domestic use.
Shares of MCX Commodity markets fall 10% within 4 months on NSEL crisis. This is due to the widespread fear in the market of commodity futures exploded outside NSEL Rs 5600 crore payments crisis. Dilip Kumar Jha & Kashyap Shah reported at Business-Standred.
MCX Stock Exchange began today seeking a new general manager and CEO to the front of the bag, which group companies are involved in a serious crisis that arises from Rs 5,600 crore in the on NSEL defaulted.
Premium gold in India remained near record levels on Tuesday because of increased in domestic demand and poorly supplied, exporters have given priority over shipments. India being the world's largest buyer of gold. India celebrated Dhanteras on November 1, the biggest festival of buying gold when the purchase is considered auspicious.
The Multi Commodity Exchange of India said on Tuesday that its board has approved in appointments to two of independent directors and three shareholders directors. The Management Board at their meeting held on October 22, for seeking a new general manager and CEO approved the appointments, said the exchange in a regulatory filing Wednesday.
The Gold imported from India is not than ban to be imposed, at this fear Thailand has given entire gold duty pay proposal to Indian Government. Iin which its exporters Indo - Thai FTA shall not received advantage of the duty benefits and the entire duty to pay.
The prices of gold and silver rose in the national capital today on frantic shopping by stockists and jewelry manufacturers for the festival of Diwali is about in the middle of stronger global cues. The prices of gold gained Rs 170 to Rs 32,570 per ten grams, while silver flowed from Rs 450 to Rs 49,900 per kg increase mining by jewelers and industrial units.
Gold reserves in the country is improving even although as five days left for Dhanteras when Indians buy gold as the day is considered auspicious of Hinduism. Jewelers and bullion dealers are making desperate efforts to acquire yellow metal in the market paying a high premium.
With the rising prices of gold in this Diwali festive season, people are preferred to buy white gold, diamond or platinum jewelery. In a survey it has flown. It came on the eve of Dhanteras in the survey revealed that 76% instead of Jewelers are focusing on Silver, Gold or Platinum-Based Diamond Jewellery.
Domestic supply of gold in the market to lower, the government on Wednesday import tariff value of gold has increased to $ 442 per 10 gram. According to the Global Prices is the value of tariff . In the last fortnight, it was 10 grams per $ 418 value .
Jignesh Shah, founder chairman of the Financial Technologies, has resigned from the MCX board by humiliated. Which simply means that Jignesh Shah has gone hand-MCX. Jignesh Shah, he has given up the cause notice to FMC. Jignesh Shah appeared quite depressed after the resignation, he said NSEL crisis was 20 years down the drain.
Officials of the Economic Offences Wing (EOW) of Mumbai Police said bank accounts of Jignesh Shah and Joseph Massey has been frozen under the ongoing Rs 5,600 crore cash settlement NSEL crises, faith informs Mumbai Bureau, as The Financial Express reported .
After the resignation of Jignesh Shah of The Multi Commodity Exchange, MCX - SX is make changes in the board. MCX - SX former Home Secretary GK Pillai is the chairman and the vice chairman of LIC Thomas Mathew's former interim chairman. After his appointment was approved by SEBI.
Sparks missing on Dhanteras this year such as high of gold, along with a liquidity crunch have lowered sales of gold and silver. Gold jewelry sales have fallen nearly 20% while the demand for silver has decreased by almost 40% when metal prices eased on Friday by 3% to Rs 49,500/Kg.
Demand for gold typically spikes around the Indian consumers now charging up on gold ahead of Diwali. In response, gold stocks gained on average 2 percent a week prior to the holiday. But we're not seeing that the big move gold this year.
NSEL stock exchange crisis on default for the 12th consecutive time on Tuesday, as it could pay only 11 crore rupees to investors against the scheduled payment amount of Rs 174.72 million rupees. With pay-out Tuesday, NSEL set up around Rs 220 million rupees Rs 5,600 crore against quota to 13,000 investors.
Purchasing gold demand in India, the world's largest buyer of the metal, reduced further after the festival week, as well as home users started receiving a lot of small import, weighing in premiums. Indian celebrated Dhanteras, the biggest festival of buying gold, followed by Diwali, when the yellow metal scarce and prices high pushed consumers to buy silver and diamond jewelry.
According to MMTC , gold import decline 41% in this financial year, there will be 500 tons. CMD of the company DS Desi said: "Gold has dropped import yet. I think the country's total gold import 500 tons in 2013-14. Last year it was 850 tons.
The police investigation on the cash settlement crisis National Stock Exchange (NSEL) could soon be see the arrest of one more ex-staffer of the bag. The police have decided to file for custody of Maneesh Pandey , who has submitted a request anticipatory bail.
Purchasing gold demand in India, the world's largest buyer of the metal, reduced further after the festival week, as well as home users started receiving a lot of small import, weighing in premiums. Indian celebrated Dhanteras, the biggest festival of buying gold, followed by Diwali, when the yellow metal scarce and prices high pushed consumers to buy silver and diamond jewelry.
Prices for silver fell by 0.31% to Rs 50,035 per kg in futures trade today after profiteers decreased exposures weak signals in global markets. At the Multi Commodity Exchange, silver for delivery in March next year lost Rs 157, or 0.31 percent at 50,035 Rs kilo, with a turnover of 13 lots.
The police investigation on the cash settlement crisis National Stock Exchange (NSEL) could soon be see the arrest of one more ex-staffer of the bag. The police have decided to file for custody of Maneesh Pandey , who has submitted a request anticipatory bail.