Indian households supposedly hold 25,000 tonnes of gold valued at Rs.121.5 trillion, or almost 60 per cent of India's GDP.
Even as physical demand is absent, investments in paper gold are pushing the price of the yellow metal to record highs
Stress ratio, a barometer for economy, also indicates tension ahead
One-nation-one-market for farmers needs infra overhaul, may still be few years away
Retailes in Delhi NCR fix non-hallmarked buying price at Rs 36,000 per 10 grams
After crude oil last month, market fears natural gas may also see negative price trading: exchange announces special auction window for exit opportunity
Production hit due to delayed season estimated 15%, lockdown impacted some harvesting
Physical sales were very limited due to the lockdown and sovereign gold bonds were one of the few avenues available to invest in the precios metal
Asking members and clients to be extra cautious while dealing in crude oil, the exchange has said trading will be halted if the trading price falls to Re 1
Margin now fixed at 100%, with Rs 95,000 per lot as absolute minimum. So if crude falls below Rs 950, the margin will continue to be based on the price of Rs 950
GJEPC says the move will help the industry clear inventory and ease the working capital situation
Exchange's BOLT Plus trading system has been modified to execute such trades, existing versions of the trading system will also support negative pricing
A copy of the letter, which alleges misuse of liquidity incentives scheme, was also senr to Sebi
MCX is considering interim measures to handle negative pricing on Nymex and the impact on its platform
In a Q&A, the MD & CEO of Kotak AMC explains why SIPs make a good bet in the current scenario and why leveraging can prove disastrous
MCX said that it had settled the contract according to the formula in the contract, which has been followed for the last 15 years
Chances of huge defaults by investors, many of whom are retail traders gone long; On Nymex, there were actual trades in minus in which sellers were actually paying buyers to lift stocks
Brokers urge exchange and Sebi to work out an amicable price, as over 11,000 lots of open interest in the April contract were standing and couldn't be carried forward or squared off yesterday
In a first, MCX crude oil, too, expires below Rs 1,000
Likelihood of customers coming to sell their own gold holdings when stores open adds to their worries