Federal Reserve announced additional bond buying programme and USD tumbled while Gold / silver, other commodities , equities zoomed out. Purpose of the post is only to share the instantaneous effects of events on commodity prices and why any commodity trader should keep himself alert about major happenings around the globe. MCX futures trading is margin…
What Can We learn From This Platinum Chart:
Today we will take a look at chart of platinum,a precious metal and colleague of Gold and silver. This chart is not contunuous but joins few points since 2008. Platinum prices are in the units of USD/ Ounce. Just to focus on two points on the chart: Date Prices(USD/Oz) 19th May 2008 2170 20th Oct 2008 794…
How To Calculate Gold And Silver Prices In India:
Gold is global asset and prices should be uniform across the world.So base price in United States is considered and depending upon currency value of respective country,prices of Gold and silver are decided. Basic gold prices are in terms of troy-ounce and get converted into grams.Then after using Dollar-rupee conversion factor and adding import duty…