Crude, gold and Silver signals and update!!

[Takla]

gold is at 1295 $ per ounce , and GOLDM is @ 28400 in MCX , now 1 $ fall in ounce means how much will be the corresponding fall in price of GOLDM , assuming other thing constant.

 

[deepakkukrety]

around rs.22...

 

[Takla]

around rs.22...

thanks deepak for prompt reply :clapping:

 

[deepakkukrety]

BUy NG her at 270.30 s/l 268.70 tgt 273

 

[deepakkukrety]

BUy NG her at 270.30 s/l 268.70 tgt 273

trailing stops at cost at 270.30...

 

[deepakkukrety]

trailing stops at cost at 270.30...

Exited at cost..high made 271.80..

 

[deepakkukrety]

pretty quiet mkts now...Perfect time to call it a day..

Today's profit= Rs.6075

Open position.. SILM long at 42830 with s/l 42300 tgt 43600..high made 43250 low 42434....

Hence forth I will evaluate my performance on daily basis along with open position... My only issue is I don't marry my positions and flip it lil frequently sometimes so one need to trade on all call and be alert... My Risk/reward is generally 1:2. Calls can be intraday or for swing trading..No positional stuff.. out of 10 calls expect success ratio anywhere between 50-70%.

 

[Takla]

GOLD price is 1295 $ per ounce , 1 ounce = 31 gram
so its around 41.77 $ per gram and 417.7 $ per 10 gram
now 1 $ = 60 rs
417.7 x 60 = 25062 rs per 10 gram , but rate is 28400 rs per 10 gram , why so ?

 

[Takla]

GOLD price is 1295 $ per ounce , 1 ounce = 31 gram
so its around 41.77 $ per gram and 417.7 $ per 10 gram
now 1 $ = 60 rs
417.7 x 60 = 25062 rs per 10 gram , but rate is 28400 rs per 10 gram , why so ?

similarly silver $ 19.82 per ounce means $ 637 per kg , so 637 x 60 = 38237 per kg but rate is 42800 ?

 

[coolnits]

^its due to import duty