Farmers resist accepting money in any form other than cash as they are not used to it
The gold and jewellery route has been followed by persons with black money to convert their Rs 500 and Rs 1,000 notes at a haircut of 20-40%
In last three weeks, base metals have seen a sharp rally initially and most industrial raw materials have risen 10-25%
Bayer group is setting up a new plant at Vapi in Gujarat with €30-million fresh investments
Even in India, MCX prices fell sharply from Rs 1200 jump on MCX futures on Wednesday morning in the opening session
In a late night conference call involving Mumbai, Ahmedabad, Jaipur and Delhi based large dabba traders
The Modi government's decision to demonetise Rs 500 and Rs 1,000 banknotes is set to drive up interest in the bullion market
If Trump wins, gold is expected to see a sharp jump as market sees policy uncertainty
India Mint, CSIR & BARC signed an agreement last week to develop a standard reference material for gold
MCX far month futures trades at discount on Duty cut buzz
Only exports from domestic tariff areas would be counted and such exports have much better vigilance mechanism
Key challenge for the exchange would be to have enough option writers who takes full price risk
Outlook rosy for medium to long term but import duty and GST could be dampeners
CRISIL says India will continue to see more of licensing collaborations and distribution tie-ups
The ministry is working on a scheme for investors to buy Rs 300-500 of gold per month
It is in last two weeks that discount has disappeared and price started quoting at marginal premium to the cost of imports and prices have also moderated
Govt considering bringing down the 10% import duty on gold to 6%
The sixth tranche of the issue is expected to open on October 24
Sebi has been focusing on improving the risk management of commodity exchanges
Illiquid commodities are a subject of concern for the market regulator, which thinks they can be potentially misused for speculation