How Gold mini works?

L

linux7802

New Member
#1
#1
Hi,

I am new in commodity market trading and I like to collect some good points on Gold mini. Please give me answer for following question .

1st) Basically how gold mini price fluctuate?

2nd) In which titaria gold mini work like dow jones up gold mini down etc..

3rd) Is there any chart to manage gold mini price fluctuation?

I hope some can help me to understand the above things :clap:
 
I

iGuru

Active Member
#3
#3
linux7802 said:
Hi,

I am new in commodity market trading and I like to collect some good points on Gold mini. Please give me answer for following question .

1st) Basically how gold mini price fluctuate?

2nd) In which titaria gold mini work like dow jones up gold mini down etc..

3rd) Is there any chart to manage gold mini price fluctuation?

I hope some can help me to understand the above things :clap:
Click to expand...

Hi Linux

The major factor affecting the price of Gold is Economic factors (Eco. Growth & slowdown) and supply & demand (Supply and production from the producers i.e. Gold miners and demands for industrial uses, Jewellery makers & banks etc. So equity markets play an important role and help us to understand where the price of Gold will go. Because Gold has inverse relation to equity markets (as equity directly relates to the economic growth, and if economy is growing then the price of Gold will decrease and vice versa, as we treat Gold as a hedging mechanism)

I dont clearly understood your 3rd question but there are lots of companies that provides the technical charts for the commodity markets
I hope this helps you little bit to understand all of your queries. If you still have any issue then please PM me.

Regards,

iGuru
 
H

hills_5000

Well-Known Member
#4
#4
Download and use GCI MT4 ... You will find live charts for Copper , Gold , Silver , Crude , Dow , S&P 500 , Nasdaq , FTSE , DAX etc etc.

use the trial money of 50,000 USD to start your trades in gold and see how you fare before you commit real money on MCX here.

Gold Mini contract margin is about Rs 5.5K on MCX and each Re move in your favour has a multiplier of 10. which means if the price moves by 10 Rs then you make 10*10 = Rs 100 / contract.



iGuru said:
Hi Linux

The major factor affecting the price of Gold is Economic factors (Eco. Growth & slowdown) and supply & demand (Supply and production from the producers i.e. Gold miners and demands for industrial uses, Jewellery makers & banks etc. So equity markets play an important role and help us to understand where the price of Gold will go. Because Gold has inverse relation to equity markets (as equity directly relates to the economic growth, and if economy is growing then the price of Gold will decrease and vice versa, as we treat Gold as a hedging mechanism)

I dont clearly understood your 3rd question but there are lots of companies that provides the technical charts for the commodity markets
I hope this helps you little bit to understand all of your queries. If you still have any issue then please PM me.

Regards,

iGuru
Click to expand...
 
L

linux7802

New Member
#5
#5
Hi,

Thank you for your explanation. I have just boght gold mini october contract on friday at 19140 lets see how it goes...basically looking for long :clap:
 
B

bcskal

New Member
#6
#6
Which is the best platform for buying e-series products of NSEL?

Kindly inform me which is the best platform(cheap, best and versatile) for buying the e-series products(e-gold, e-silver etc) of NSEL(National Spot Exchange of India Ltd)? How to sell the same? How is the brokerage charges? How to know the daily volume of transactions? Kindly reply to my e-mail also, if possible. E-mail:[email protected]
 
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