GOLD RATES STAY STEADY ABOVE 1490 – GILL BROKING

The prices of Gold Commodity had seen the minor changes the last Monday. As the trade negotiations and war is escalating between the United States and China, investors are left with no other options than to wait for the clarification. Furthermore, the postponement of the important divorce deal vote by the British government had a major impact on the gold prices this year.

While the spot gold price was even i.e. around $1,490 per ounce, the United States gold futures had witnessed a downfall. According to the current sources, Asian shares had topped the share chart with the highest shares in the world. The Asia-pacific shares had seen an increase of 0.2 percent.

The Constant Changes in the Gold Prices

According to Stephen Innes (the market strategist), the share market is expanding by leaps and bounds. It is already pretty large and the continuous rumours about the United States and China trade war have led to a lot of fuss around the globe. Most of the investors are waiting for the right period i.e. when the gold prices are pulled back so that they could enter the market and begin the investment.

One thing that has always been supportive towards the gold is the recessionary concern and as long as this fear stays in the main headlines, gold will never fade from the investment market. If the current situation is taken into consideration, we do not have any particular means to drive this metal commodity in a specific direction.

The Export Sector of Economies Declining at a Steady Rate

The trade war between the United States and Sino is impacting almost all the economies in the world. In fact, Japans’ current export sector has seen a major recession period, where the export segment continues to decline in the 10th consecutive month. Similarly, the export segment of South Korea and Thailand are not doing good. While South Korea exports have dropped by 19.5 percent in October, the latter has witnessed a major decline in its export demand.

As far as the Chinese economy is concerned, the prices of new apartments are rising at a fast rate. Amongst all these slowdowns and recessions in the economies, a small relief factor that has been the talk of the town is the denial of the Prime Minister Boris Johnson’s offer by the British policymakers. This major attempt by British policymakers compelled the Prime Minister to obtain the 3rd postponement from the EU.

Gold Price Statistics

According to Wang Tao, spot gold prices seem to be quite fair and flat i.e. between $1,479 and $1,502 per ounce. If other metal commodities are considered, silver has jumped to $17.57 per ounce whereas platinum has seen an increase by 0.4 percent i.e. up to $892.64.

On the other hand, palladium rose to $1,770 per ounce. The trading rate for Palladium has crossed the maximum selling price since January.  Now that the market segment is expected to stay pretty unpredictable and complicated for the upcoming years, the palladium price may see more surprising changes.

Also Read: How To Learn The Reason Why Gold Prices Are Up 20% In India

Also Read: Strategies for Trading the Gold-Silver Ratio

Also Read: Gold Trading Online | Gold Price In India Today| Gold Investment | Gold News

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The Share Market A Guide to Trading (2)

The Share Market: A Guide to Trading – Gill Broking

It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

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