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 Tips, MCX Commodity Tips, Crude oilTrading Tips, MCX Free Tips
0 comments:
Post a Comment