Subject-Managerial economics

Mr. tahir Husain

Submitted by-prince Kumar Class:-Pgdm 1st

Recant trend of bullion market

Introduction:A bullion market is a place where precious metals such as gold, silver can be bought and sold. These two factors drive the underlying price which is then adjusted upwards or downwards depending on the form of the precious metal. Modern bullion markets allow small, individual investors all the way up large institutions to easily buy and sell precious metals.

PRODUCT:-

1st gold 2nd gold guinea 3rd gold m

GOLD:Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.

Purpose:- The main purpose of gold in India, when any types

of weeding are celebrate they byes huge amount of gold from market. The people are think gold is a one type of assets they can store it long time. Gold is a fession of women. Gold is easily transfer in cash .so that gold is so important.

How Does The Bullion Market Work?

The gold bullion market is based on the current gold spot price, which represents the cost of one troy-ounce of pure gold. Gold bullion is classified as gold in mass, and is minted in 24-karat bullion bar, and 22, and 24-karat bullion coin form. Technically, Austrian 100 Coronas are 21.6-karat coinage, but modern bullion coins contain a full troy-ounce of pure gold, and are largely used as either short-term profit vehicles, or as diversifications for long-term, rare coin holdings, which command substantially higher premiums.

Major Characteristics:1 gold is a one types of assets.

st

2nd Gold is important of global monetary reserves.

3RD gold is used for privet purpose.

Why the price of gold increasing day by day:1st demand:- (A)The revival of the Indian market;

(B)Strong momentum in Chinese gold demand (C)Strong growth in jewellery demand; (D) The total supply of gold coming onto the market in 2010 reached 4,108 tones, a rise of 2% from 2009 levels.

Silver introduction 1st:-The main source of silver is in lead ore, although it can also be found associated with copper, zinc and gold and produced as a by-product of base metal mining activities. 2ND:-Silver is unique amongst metals due to the fact that it can be classified as both a precious metal and an industrial metal. 3rd:- Today, silver is sought as a valuable and practical industrial commodity and as an investment. 4th:- Silver is an important element of global monetary reserves. 5th:- Silver (Chemical Symbol-Ag) is a brilliant grey-white metal that is soft and malleable.

Why the price of Silver increasing day by day

1st:- Silver ware achieved an increase of 4.6%, owing to

stock-related gains in India. 2nd :-Net government sales fell by just over one half to 13.7 Moz (426t) in
2009, primarily driven by lowest stock sales from Russia, coupled with the continued absence of any disposal from China and India

3rd:- In 2009, implied net investment soared to 136.9 Moz (4,258 t),
buoyed by safe haven concerns, which led to strong inflows into both ETFs and physical investment.

WHY THE PRICE OF GOLD AND SILVER INCREASES?

(1)Gold loses Rs 255, silver sheds Rs 1,100 on sluggish demand

NEW DELHI:( 20 aug 2011) Both gold and silver fell in the bullion market here today despite the festive season, due to sluggish demand at existing higher levels amid a weakening trend in a Gold prices remained under pressure for the third straight day in the bullion market here and lost Rs 255 to Rs 26,565 per 10 grams on sustained selling by stockists in tandem with a weakening trend in Asia. Silver also plunged by Rs 1,100 to Rs 52,200 per kg on reduced offtake by industrial units and speculators at prevailing high levels. The metal had gained Rs 500 yesterday.

Gold and Silver rates In addition, retail customers refrained from buying for the ongoing festival season due to high prices and expectations of fall in rates which further dampened the trading sentiment. On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 255 each to Rs 26,565 and Rs 26,425 per 10 grams, respectively. The metal had lost Rs 370 in the last two trading sessions.
BULLION RATES IN METROS Cities Chennai Mumbai Delhi Kolkatta Gold Price (10g) Rs. 26520.00 (-0.67%) Rs. 26325.00 (-1%) Rs. 26820.00 (-0.59%) Rs. 27040.00 (0%) Silver Price (1Kg) Rs. 52300.00 (1.4%) Rs. 53290.00 (1.45%) Rs. 53300.00 (0.95%) Rs. 52500.00 (0%)

Gold Rates

Gold Price ( Oct 20) 24K (per gram) in Rs 22K (per gram) in Rs

Latest Previous Change 2652 2480 2670 2496 18 16