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Rajesh Exports
Silver drops on lack of demand while gold edges up further
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My MultibaggersTracked by: 0 Boarder
Mumbai, Nov 18 (PTI) A divergent trend was noticed on the bulllion market here today as silver declined on lack of industrial demand while gold continued to rule firm for the fourth trading session on sustained demand from jewellery fabricators for the current marriage season.
Marketmen said sustained buying by jewellery makers and retailers in view of ongoing marriage season and weak equity market pushed up gold prices.
In the local market, silver ready (.999 fineness) dropped by Rs 180 per kilo to Rs 16,695 from Rs 16,875 previously.
However, standard gold (99.5 purity) firmed up further by Rs 25 per ten grams to Rs 11,985 from Rs 11,960 yesterday.
Pure gold (99.9 purity) also moved up by Rs 20 per ten grams to Rs 12,040 from Rs 12,020.
Gold was more or less steady in London, awaiting key macro data from the United States but remained under pressure as a strong dollar and falling oil prices weighed on the metal.
Gold was trading at USD 735.80 an ounce, slightly down from USD 735.90 an ounce in New York late on Monday. PTI...
Govt working on export package; to review USD 200 bn target
Posted by : My MultibaggersTracked by: 0 Boarder
New Delhi, Nov 17 (PTI) With India`s exports getting dented in the troubled US and European markets, the government today said it is working on a fiscal package for exporters and reviewing the target of USD 200 billion for this fiscal.
"There is a slowdown in the economies in the western world; so there is bound to be slowdown in exports. The Prime Minister`s Committee (set up to handle the global crisis) will review this. We are looking at various measures that can help sustain exports," Commerce and Industry Minister Kamal Nath told reporters here at the India Economic Summit.
Concerned at the spill-over from the turmoil in India`s two biggest markets -- the US and Europe -- the Commerce Minister said, "I am reviewing it to see whether our target will be met or not. Till now, we are on track; but the next five months will determine whether targets (will be met)." While the Commerce Ministry is pitching for a total tax waiver for exporters, both at the Central and state levels, a decision on this will be taken by the committee chaired by Prime Minister Manmohan Singh. "We are working on the package ... There are many areas that need to be addressed," Nath said.
He said there was a case for refunding taxes and levies to exporters so that they can compete in the world market, marked by price under-cutting by exporters from other countries which back them.
"We are going to see how the level-playing field can be provided to our exporters, which means totally waiving duties and taxes," Nath said. PTI ...
Sept. Quarter Results on 23rd Oct...Expectations
Posted by : My MultibaggersTracked by: 1 Boarder
Please call darling to your fiance. Don`t call me darling O.K.!
By the way take the best decisions. All the best...
In reply to:
Sept. Quarter Results on 23rd Oct...Expectations
Posted by :
pints!
darling, if you are so sure of the outcome why dont you short the nifty and sit and enjoy.........if you allready have than please double it! 
Sept. Quarter Results on 23rd Oct...Expectations
Posted by : pints!Tracked by: 1 Boarder
darling, if you are so sure of the outcome why dont you short the nifty and sit and enjoy.........if you allready have than please double it!...
In reply to:
Sept. Quarter Results on 23rd Oct...Expectations
Posted by : My Multibaggers
Yes you are right. But worse is not over. In fact it has just started. 7400 on Sensex is sure on Sensex (in next 3 / 4 months)
Take the calculated decisions. All the best.
Gold, silver prices fall on slump in demand
Posted by : My MultibaggersTracked by: 0 Boarder
Mumbai, Nov 11 (PTI) Gold prices dropped moderately after a gain of Rs 220 for the three consecutive trading sessions on the bullion market here today due to lack of demand at current levels coupled with mild offerings from stockists owing to lower European advices.
Silver also dropped on lack of industrial demand.
Gold dipped in Europe despite a downturn in stock markets, and commodities such as oil and industrial metals weighed on prices.
Spot gold was quoted at USD 739.50/741.50 per ounce, down from USD 745.75 per ounce in late New York yesterday.
Silver also slipped to USD 9.98/10.06 an ounce from USD 10.18 an ounce yesterday.
In the local market, standard gold (99.5 purity) fell by Rs 35 per 10 grams to Rs 11,750 from the overnight close of Rs 11,785 and pure gold (99.9 purity) also slipped by Rs 45 per 10 grams to Rs 11,805 from Rs 11,850.
Silver ready (.999 fineness) dropped by Rs 175 per kilo to Rs 17,390 from Rs 17,565 yesterday. PTI News...
Sept. Quarter Results on 23rd Oct...Expectations
Posted by : My MultibaggersTracked by: 1 Boarder
Yes you are right. But worse is not over. In fact it has just started. 7400 on Sensex is sure on Sensex (in next 3 / 4 months)
Take the calculated decisions. All the best....
In reply to:
Sept. Quarter Results on 23rd Oct...Expectations
Posted by : pints!
if u keep on listening to the market rumours you will allways be a victim and never a winner!
Sept. Quarter Results on 23rd Oct...Expectations
Posted by : pints!Tracked by: 1 Boarder
if u keep on listening to the market rumours you will allways be a victim and never a winner!...
In reply to:
Sept. Quarter Results on 23rd Oct...Expectations
Posted by : My Multibaggers
Not only that...I heard that Sensex may touch 7066 level & after that 5300 level because of FII selling.....
Tracked by: 0 Boarder
pl dont think of averaging now this wont come up at your buy level,better quit at 32 levels.and take cash or swch to other sector like pharma,fmcg,computr hardware....
In reply to:
Uptrend?
Posted by : jagdish_m6
Thank you very much for the information. Will look for average taking risk. Thanks again
Uptrend?
Posted by : jagdish_m6Tracked by: 0 Boarder
Thank you very much for the information. Will look for average taking risk. Thanks again...
In reply to:
Uptrend?
Posted by : My Multibaggers
Today the finance minister held a meeting with PSU banks; told them to give healing hands to Exporters & Realtors. As per his suggestions; PSU banks supplied lot of dollars into the markets because of which Rupee gained some grounds. In turn it helped the gold prices to slide further. And this slide has attracted demand from retail clients.
Though; short lived, there is some more upside visible in short term.
Take the calculated decisions.
Uptrend?
Posted by : My MultibaggersTracked by: 0 Boarder
Today the finance minister held a meeting with PSU banks; told them to give healing hands to Exporters & Realtors. As per his suggestions; PSU banks supplied lot of dollars into the markets because of which Rupee gained some grounds. In turn it helped the gold prices to slide further. And this slide has attracted demand from retail clients.
Though; short lived, there is some more upside visible in short term.
Take the calculated decisions.
...
In reply to:
Uptrend?
Posted by : jagdish_m6
can anyone explain what is the reason for its sudden uptrend? i hold these shares at 98 Rs.. should i average at this time or there is again a chance of freefall??
thanks in advance
Uptrend?
Posted by : jagdish_m6Tracked by: 0 Boarder
can anyone explain what is the reason for its sudden uptrend? i hold these shares at 98 Rs.. should i average at this time or there is again a chance of freefall??
thanks in advance...
Gold falls by Rs 200 on eve of Diwali...
Posted by :
raocsTracked by: 0 Boarder
thanks for the clarification. These days every thing sounds wrong, let us hope $ also will cool off a bit....
In reply to:
Gold falls by Rs 200 on eve of Diwali...
Posted by : My Multibaggers
No its Bullish view. If price come down; investors will come out with huge demand. Sales will go up & in same proportion net profit will rise (but at lower margins). Gold prices should come down & stabilize at certain levels so that margins will not get impacted because of trading volatility in world markets.
Take the best decision.
Gold falls by Rs 200 on eve of Diwali...
Posted by : My MultibaggersTracked by: 0 Boarder
No its Bullish view. If price come down; investors will come out with huge demand. Sales will go up & in same proportion net profit will rise (but at lower margins). Gold prices should come down & stabilize at certain levels so that margins will not get impacted because of trading volatility in world markets.
Take the best decision....
In reply to:
Gold falls by Rs 200 on eve of Diwali...
Posted by : raocs
what does it mean to Rajest exports bearish?
Gold falls by Rs 200 on eve of Diwali...
Posted by : raocsTracked by: 0 Boarder
what does it mean to Rajest exports bearish?...
In reply to:
Gold falls by Rs 200 on eve of Diwali...
Posted by : My Multibaggers
New Delhi, Oct 27 (PTI) Following selling by stockists, sparked off by a weakening trend in the global market, gold prices fell by Rs 200 to Rs 12,010 per 10 gram in the national capital on the eve of Diwali festival today.
While the selling pressure gathered momentum, silver coins, used most during the festival, remained neglected and tumbled by Rs 1,000 per 100 pieces.
Precious metals turned extremely weak in last few sessions in line with a falling trend in international markets where gold fell from USD 849 an ounce to USD 711, as dollar gained against the leading currencies.
Marketmen said fresh selling by stockists influenced by weakening trend in global market mainly led to fall in the precious metal prices.
They said the demand for the Diwali festival was negligible amid fresh arrivals.
Jewellery demand from overseas buyers weakened because of a weaker rupee and further influenced trading sentiment, they said.
Standard gold and ornaments lost Rs 200 each at Rs 12,010 and Rs 11,860 per ten gram, respectively, while sovereign was down by Rs 50 to Rs 10,450 per piece of eight gram.
Silver coins plunged by Rs 1,000 to Rs 27,000 for buying and Rs 27,100 for selling of 100 coins on poor off-take by coins makers. Silver ready fell by Rs 500 to Rs 16,400 per kg and weekly-based delivery by Rs 470 to Rs 16,280 per kg. (Source: PTINews.com)
Gold falls by Rs 200 on eve of Diwali...
Posted by : My MultibaggersTracked by: 0 Boarder
New Delhi, Oct 27 (PTI) Following selling by stockists, sparked off by a weakening trend in the global market, gold prices fell by Rs 200 to Rs 12,010 per 10 gram in the national capital on the eve of Diwali festival today.
While the selling pressure gathered momentum, silver coins, used most during the festival, remained neglected and tumbled by Rs 1,000 per 100 pieces.
Precious metals turned extremely weak in last few sessions in line with a falling trend in international markets where gold fell from USD 849 an ounce to USD 711, as dollar gained against the leading currencies.
Marketmen said fresh selling by stockists influenced by weakening trend in global market mainly led to fall in the precious metal prices.
They said the demand for the Diwali festival was negligible amid fresh arrivals.
Jewellery demand from overseas buyers weakened because of a weaker rupee and further influenced trading sentiment, they said.
Standard gold and ornaments lost Rs 200 each at Rs 12,010 and Rs 11,860 per ten gram, respectively, while sovereign was down by Rs 50 to Rs 10,450 per piece of eight gram.
Silver coins plunged by Rs 1,000 to Rs 27,000 for buying and Rs 27,100 for selling of 100 coins on poor off-take by coins makers. Silver ready fell by Rs 500 to Rs 16,400 per kg and weekly-based delivery by Rs 470 to Rs 16,280 per kg. (Source: PTINews.com)...
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