Saturday, June 19, 2010


Gold prices have struck yet another high on Friday, June 18, 2010 crossing USD 1260 per ounce on Comex division of New York Mercantile Exchange (NYMEX), however in India gold prices remained range-bound between Rs.18702 and 18897 per 10 grams mainly on the back of Indian rupee firming up against US Dollar hitting near one-month high levels. 

Bearish trend continieud in aluminium. Aluminum ended down on demand concerns after euro-zone debt crisis. Aluminium has touched a low of Rs 89.3 a kg after opening at Rs 91.6, and last traded at Rs89.5.

Jeera July contract gained Rs 33 and settled at Rs 11936 a kg on dwindling arrivals and poor carry-forward stocks. Arrivals have come down as farmers are hoping for better prices. 

Natural Gas yesterday we have seen that market has moved 1.24%. Stock Market has opened at 234 & made a low of 231 versus the day high of 239.5

MCX mentha oil June contract moved up Rs 3.20 at Rs 723.20 a kg and fluctuated between Rs 726.30- 722.60. Volume of contract was 210 lots.

A survey that took a stalk of online investors’ approach towards taking investment decisions before choosing an instrument, revealed that majority of the investors do not take informed decision  mainly due to the lack of availability of professional research to guide them. 
The survey, which queried individual investors online, had found that 61% said they did not have enough access to professional research to make investment decisions, with 57% saying that they found it difficult to access such research online from most UK investment websites. 

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