gold ppt 2007 format

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GOLD



INTRODUCTION

Gold is primarily a monetary asset & partly a

commodity.

Gold is the World·s oldest international currency.

Gold is an important element of Global monetaryreserves.

With regards to investment value, more than

two-thirds of gold total accumulated holdings

with central banks· reserves, private players, andheld in the form of high-karat jewellery.



INDIAN SCENARIO

India is the largest market for gold jewellery in

the world.

2010 was a record year for Indian jewellery

demand; at 745.7 tonnes, annual demand was13% above the previous peak in 1998.

Indian jewellery demand more than doubled in

2010 in local currency terms.

A 20% rise in the rupee price of gold combinedwith a 69% rise in the volume of demand, pushed

up the demand by 101% to Rs. 1,342 billion. This

compares with 2009 demand od Rs. 669 billion.



INDIAN SCENARIO

The rising price of gold, particularly in the latter

half of 2010 created a ¶virtuous circle· of higher

price expectations among Indian consumers

which fuelled purchases, thereby further drivingup local prices.



GLOBAL SCENARIO

London is the World·s biggest clearing house.

Mumbai is under India·s liberalised gold regime.

New York is the home of gold futures trading.

Zurich is the physical turntable.

Istanbul, Dubai, Singapore, and Hong Kong are

doorways to important consuming regions.

Tokyo, where TOCOM sets the mood of Japan.



DEMAND & SUPPLY

Global demand for gold is centered on four

primary categories:

Jewellery

Investments Central bank reserves

Technology

Gold demand in 2010 reached a 10 year high of

3,812.2 tonnes, worth US$ 150 billion, as a resultof:

Strong growth in jewellery demand;

The revival of the indian market



DEMAND & SUPPLY

Strong momentum in Chinese gold demand and

A paradigm shift in the official sector, where

central banks became net purchasers for the first

time in 21 years. China was the World·s largest gold producer with

340,88 tonnes in 2010, followed by the United

States and South Africa.

In 2010, India was the world·s largest goldconsumer with an annual demand of 963 tonnes.

The total supply of gold coming on to the market

in 2010 reached 4,108 tonnes, a rise of 2% from

2009 levels.



2009 (tonnes) 2010 (tonnes) % of change

2009 Vs. 2010

Supply:

Mine production 2584.3 2658.8 3

Net producer hedging -252.2 -116.1 -

Total mine supply 2332.1 2542.7 9

Official sector sales 29.8 -87.2 -

Old gold scrap 1672.2 1652.7 -1

Total Supply 4034.0 4108.2 2

Demand:

Fabrication

Jewellery 1760.3 2059.6 17

Industrial & Dental 373.2 419.6 12

Sub total of above fabrication 2133.5 2479.2 16

Bar & Coin retail investment 742.8 995.0 34

ETFs & similar 617.1 338.0 -45

TotalD

emand 3493.4 3812.2 9OTC investment & stock flows 540.6 296.0 -45



TOP TEN PRODUCING COUNTRIES

2009

Production (in tonnes)

China

United States Australia

South Africa

Russia

Peru

IndonesiaCanada

Ghana

Uzbekistan



WORLD GOLD HOLDINGS MARCH

2011

8134

3401

2814

2452

2435

1054

1040

789765

613558 Holding (in tonnes)

United States

Germany

IMF

Italy

France

China

Switzerland

Russia

Japan

Netherlands

India



F ACTORS INFLUENCING THE

MARKET

Above ground supply of gold from central bank·s

sale, reclaimed scrap, and official gold loans.

Hedging interest of producers/miners.

World macroeconomic factors such as the USdollar and interest rate, and economic events.

Commodity-specific events such as the

construction of new production facilities or

processes, unexpected mine or plant closures orindustry restructuring, all affect metal prices.

In India Gold demand is also determined to a

large extent by its price level and volatility.



GOLD CONTRACTS TRADED IN

MCX

Gold

1kg.

Gold

Mini 100grams.

GoldGuinea 8grams.

GoldPetal 1gram.



CONTRA CT

SPECIFIC ATIONS



GOLD 1 KG. Symbol

Trading Unit

Price quote

Maximum orderSize

Tick Size

GOLD

1 kg.

Rs. Per 10 grams. Ex-Ahmedabad(incl. of all taxes & levies relatingto import & customs duty, butexcluding sales tax/VAT, any otheradditional tax or surcharge onsales tax, local taxes & octroi.

10 kg.

Re. 1 per 10 grams ( minimumprice movement) i.e. Rs. 100 for 1kg.



GOLD 1 KG. Daily Price limit

Initial Margin

Additional

Margin

Delivery unit

3%

4%

In case of additional volatility, a

special margin at such percentage(as deemed fit) will be imposed on

both the buy side and the sell-side

in respect of all outstanding

positions, which will remain in

force for next two days. After

which the special margin will be

relaxed.

1 kg.



GOLD 1 KG. Delivery period

margin

Delivery centers

QualitySpecification:

Less than 995

25% of the value of open positionduring the delivery period

At designated clearing housefacilities of group 4 securitas in

Ahmedabad and Mumbai.

Gold bars of 999.9 / 995 fineness

A premium will be given to seller if

if he offers a delivery of 999 purity,and the sale proceeds will becalculated in the manner of therate of delivery * 999/995.

Rejected



GOLD MINI 100 GRAMS

Symbol

Trading Unit

Tick size

Delivery Unit

GOLDM

100 grams

Re. 1 per 10 grams.

(minimum price movement)i.e. Rs. 10 for 100 grams.

100 grams

Rest everything is same as for Gold 1 kg contract



GOLD GUINEA 8 GRAMS

Symbol

Trading Unit

Tick Size

Maximum ordersize

Delivery Units

GOLDGuinea

8 grams

Re.1 per 8 grams.

10 kg.

8 grams & in multiple thereof.



GOLD PETAL

Features of Gold Petal Contract: Physical delivery available in multiples of 8

grams: delivery possible in demat or physical

form. Maximum duration to trade- trade timing 10 am

to 11:55 pm.

Assured purity in gold- 999 LBMA approved,

tamper proof gold coins. Cost effective for retail clients ( Eg. At CMP Rs.

2270/-, margin deposit required is Rs. 90/- only)



CONTRACT SPECIFICATION OF

GOLD PETAL

Symbol

Trading Unit

Quatation/ basevalue

Price quote

Maximum ordersize

Tick size

Delivery units

Delivery centers

GOLDPetal

1 Gram

1 Gram

Ex- Mumbai (incl. of all taxes &levies relating to import & customsduty, but excluding sales tax/VAT,any other additional tax or surchargeon sales tax, local taxes & octroi)

10 kg.

Re.1 per 1 gram.

8 grams

Mumbai



TH A NK YOU

gold ppt 2007 format

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