Friday 25 December 2015

Recall 2015: demand is Struggling for gold, lowered 7.27% a year price


Demand, the dollar and the Fed's entire year gold-silver prices remained under pressure.For the entire year gold demand crises. That's why getting that last year gold prices recorded a decline of 7.27 per cent.

Domestic sarrapha market at 1 January 2015 gold price 27049 rupees per ten grams.25 December 2015 to 25675 rupees per ten grams were recorded on. On the other hand, at the beginning of the year of silver per kg RS 37352, come the end of the year-come on December 25 34325 rupees per pound.

Which reasons Gold & Silver crash

Demand reduction 
Worldwide decline in gold demand in 2015 is strong. The world's largest gold field in China and India demand kanj umar quite weak. In rural areas of the country, Gold prices demand is also quite low.South Indian regional gold Federation Chief padmanabhan head pointed out that rainfall due to low demand for gold from rural areas have plummeted.The reason this year's decline in gold tone. More than 60 per cent in rural areas, gold consumption.

Dollar strengthens in
Gold prices due to a huge pressure on the world's major currency against the dollar in tightly.During the years the dollar index 96 highly close. Due to the strong economic figures of the u.s. dollar is getting to see faster. The pressure on gold prices.

Expected reduction in import duty
Import duty cuts put pressure on gold prices from mid um.Kde commodity MD Ajay kde pointed out that gold import, the Government takes on import-duty at 2 to 4 per cent cut.Just 10 per cent import duty on gold. Import prices from domestic duty and fall. The fall to wait for prices and consumer.

The Fed's decision
The u.s. Central Bank interest rates from the Federal Reserve's increase in year on speculation. Move it to put pressure on gold. In December, the Fed has raised interest rates, and increase the pressure on gold prices.

                             Throughout the years the gold price (RS/ Ten grams)

              
           Month 
       High Label    
          Low Label
           January  
          27,895 
              26,410
             February 
          27,970
              25,997
             March
          26,875
              25,521
             April     
          27,243
              26,170
             May 
          27,668
              26,552
             June  
          27,195
              26,422
            July
          26,563
              24,488
            August
          27,707
              24,599
            September
          27,005
              25,822
            October
          27,310
              25,753
            November
          25,610
              25,069
            December
          26,750
             25,375 (Until Now)

















         

How was the international market's recent
International market pressure gold prices in 13. Year in 2015 in global markets gold prices decline of 11 per cent.At the beginning of this year, gold prices in the global market was $ 1200 per ounce, which declined to $ 1073 commissioned 24 ounce to close.Last month of gold on the comics in November 6 was new years at the grass roots level.
  
                       
                   Month 
     price (dollars per ounce)

                  January 2015 
                  1200 
                 December 2015
                  1073
                                                           
How was silver in 2015 was recently
Year 2015 first month in January in domestic market prices of silver 38105 rupees per kilogram.That means the end of the year in December at the level of 34325. Full-year decline of 9 per cent in silver.

              
               Month
      price (rupees per kg)
               January 2015
                 38105
               December 2015
                 33900



Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tips




0 comments:

Post a Comment

Blog Archive

Powered by Blogger.