Chintan Savla
View Profile

GOLD vs USDINR

Chintan Savla at 11:05 AM - Mar 26, 2012 ( ) Views: 755

2 2

Relation:GOLD vs USDINR 1) GOLD Comex Price constant: USDINR varies At every One Rs depreciation or Appreciation in USDINR, Gold price at Indian exchange increase or Decrease by approx. 525rs. Illustration: Suppose USDINR is 53rs and it depreciates to 54rs in the mean while COMEX Price of Gold Remains constant at $1637. Then Gold Price at Indian Exchange will Rise from 28310(@usdinr 53) to 28835(@usdinr 54) Note: Vice versa of the strategy also holds good 2) GOLD Comex Price Varies: USDINR constant. If USDINR is constant and gold price increases or Decrease by $1 than the price at Indian exchange will increase or decrease by Rs17. Illustration: Suppose USDINR is 53rs and Comex Price of Gold increases from $1637 to $1638. Then Gold Price at Indian Exchange will Rise from 28310(@1637) to 28327(@1638) 3) GOLD Comex Price Varies: USDINR Varies 1Rs depreciation in USDINR and fall of $30 in Comex price of Gold nullify the effect on Indian exchange price of gold Illustration: Suppose USDINR is 53rs and it depreciated to 54 rs and meanwhile Comex Price of Gold fall from $1637 to $1607. The price of Gold at Indian Exchange remains unchanged


(1 to 1 out of 1) - Latest Replies on Top | First | << Previous | Next >> | Last |
Kirankumar Hb at 06:56 PM - Dec 24, 2013 ( )

hi bro

plz post some kind of information like gold and usdin  relation rregarding commodities

1 to 1 out of 1

Login to participate in discussion.



Top Gainers

MCDOWELL HOLDINGS LTD. 19.80 3.30 (20.00%)
INDUSTRIAL INV TRUST LTD 76.85 12.05 (18.60%)
SHRE PUSH CHEM & FERT LTD 103.00 14.50 (16.38%)
SKM EGG PROD EXPORT(I) LT 39.30 3.90 (11.02%)
MUNJAL AUTO IND. LTD. 38.55 3.80 (10.94%)
THE MANDHANA RET VENT LTD 13.35 1.20 (9.88%)
JAY BHARAT MARUTI LTD 172.60 13.25 (8.32%)
SML ISUZU LIMITED 642.00 41.75 (6.96%)
PPAP AUTOMOTIVE LIMITED 190.00 11.95 (6.71%)
SUBROS LIMITED 235.00 14.45 (6.55%)



Top Losers

HOUSING DEV & INFRA LTD 8.80 -2.20 (-20.00%)
CG POWER AND IND SOL LTD 11.85 -2.95 (-19.93%)
AKSH OPTIFIBRE LIMITED 6.85 -0.50 (-6.80%)
TATA MOTORS DVR 'A' ORD 54.35 -3.10 (-5.40%)
ELECTROTHERM (I) LTD. 138.85 -7.45 (-5.09%)
JET AIRWAYS (INDIA) LTD. 34.60 -1.80 (-4.95%)
DOLPHIN OFF. ENT IND LTD. 17.55 -0.85 (-4.62%)
TATA MOTORS LIMITED 118.25 -5.60 (-4.52%)
SICAL LOGISTICS LIMITED 35.65 -1.65 (-4.42%)
ACTION CONST EQUIP LTD 55.85 -2.35 (-4.04%)