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How should i start gold trading in India ? |
KheloMCX
White Belt
Joined: 19 Jul 2018
Posts: 5
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Post: #1  Posted: Tue Jul 24, 2018 5:42 pm Post subject: How should i start gold trading in India ? |
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| Want to learn about stock and commodity trading
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #2 Posted: Wed Jul 25, 2018 9:57 am Post subject: gold |
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1 Dont know much about MCX gold futures as I dont trade them but I have some knowledge of GOLD ETF (exchange traded fund, can be bot and sold like equity)
2 top 10 schemes are : Goldman Sachs*, Reliance*, SBI, HDFC, UTI, Axis, ICICI Pru, IDBI, Birla Sun Life, Canara Robeco
* The article I saw is slightly old, so I think that Goldman Sachs and Reliance both belong to Anil Ambani and are combined nowadays as GOLDBEES!
3 Others are Quantum, Religare, Kotak
4 If you want to invest less per share, Quantum offers HALF GRAM SHARE (eg Rs 1331)
5 but most popular and oldest is GOLDBEES (now taken over by Reliance, but still symbol remains GOLDBEES)
a Goldbees is the most popular and has more trading volume, easy to buy and sell. EG, In one hour 500 goldbees may be traded, but only 25 sbigets!
b There is slight diff of prices between various ETF but the price variation is same from day to day IN ONE ETF : so if u buy UTIETF @ 2600 and sell at 2625 next day, goldbees may be 2610 > sell 2635, maintaining the gap of Rs 25
c You can do intra day as there is no trade to trade restriction. GOLDBEES IS IN EQ SEGMENT OF NSE
d MOSTLY NOWADAYS YOU SEE PRICE GOING FROM 2550 TO 2750/2800. SO PUT PRICE ALERT AROUND 2560, WHEN TRIG, BUY 10? 20? 30? qty,
PUT 2ND PRICE ALERT AROUND 2700 AND SELL WHEN TRIG
Cheers, Prakash Holla
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KheloMCX
White Belt
Joined: 19 Jul 2018
Posts: 5
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| Post: #3 Posted: Thu Jul 26, 2018 10:41 am Post subject: Thank you |
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| Glad to receive your answer. Thanks a lot for your insight in this regard.
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PorterOne
White Belt
Joined: 30 Oct 2019
Posts: 2
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| Post: #4 Posted: Thu Nov 28, 2019 7:04 pm Post subject: |
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| hello. in India I know one source that you can check out and begin trading here if you like it
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