![]() Such activities may include trading ahead of order execution. In connection with our market making and other activities, we may engage in hedging, including pre-hedging, to mitigate our risk, facilitate customer transactions and hedge any associated exposure. The level of the fee or markup may differ for each customer and may differ for the same customer depending on the method or venue used for transaction execution. The price provided may include profit, fees, costs, charges or other mark ups as determined by us in our sole discretion. We provide all-in pricing for exchange rates. The exchange rate you are offered may be different from, and likely inferior to, the rate paid by us to acquire the underlying currency. ![]() Exchange rates offered by other dealers or shown at other sources by us or other dealers (including online sources) may be different from our exchange rates. You acknowledge that exchange rates for retail and commercial transactions, and for transactions effected after regular business hours and on weekends, are different from the exchange rates for large inter-bank transactions effected during the business day, as may be reported in The Wall Street Journal or elsewhere. If we assign an exchange rate to your foreign exchange transaction, that exchange rate will be determined by us in our sole discretion based upon such factors as we determine relevant, including without limitation, market conditions, exchange rates charged by other parties, our desired rate of return, market risk, credit risk and other market, economic and business factors, and is subject to change at any time without notice. “Going ahead gold still looks lucrative in terms of return on investment from a safety perspective where the Inflation still remains high globally and the interest cycle which is yet to ease, will also provide the push needed for gold to run and give 10-15% return in FY24,” Jateen Trivedi, VP Research Analyst at LKP Securities told this newspaper. (function() ) ġ0.1Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. Experts expect the price of gold to reach Rs 68,000 by the end of current the financial year. Gold prices are expected to inch higher amid prospects of a looming recession in the United States. Yellow metal is on the bull run since the start of this and its prices have risen by about 10.8% in 2023. Weakness in the value of dollar and decline in bond yields after the US Federal Reserve signalled a pause in the rate hike has pushed up the prices of gold. MUMBAI: Gold reached a new milestone, with prices of the yellow metal touching the life-time high on Thursday. Gold futures recorded a high of Rs 61,490 per 10 gram, an increase of about Rs 500 on the Multi Commodity Exchange, helped by rise in the prices of precious metal in the international market. Rs 52,000: Price of 10 gram of gold at the start of April 2022 Rs 8,000: Rise in the price of gold in the fiscal 2022-23 ![]() Rs 61,490/ 10 gram: New high of gold prices on Thursdayġ0.8% Rise in gold prices since January 1, 2023ġ5%: Increase in the gold prices in fiscal 2022-23 The investment demand of gold has remained high in the domestic market as the yellow metal has given better returns compared to equities. The ongoing geopolitical tension between Russia and Ukraine and the fears of recession has kept the demand of gold high in the past one year. Gold prices in last financial year have jumped by Rs 8,000 in domestic markets from Rs 52,000 to Rs 60,000, which is 15% returns beating all other asset classes. On the back of weak and uncertain performance in risky assets it is strongly advised to remain invested in Gold for further 10-15% returns on base case and 15-20% on bull case scenario,” he added. “The prices can easily touch Rs 66,000-Rs 68,000 on base case performance before we reach the FY24 end next year.
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