Gold (XAUUSD)Long
GOLD COMMODITY At NOW RESITANCE & BO one slanting TRENDLINE
GOLD is a Commodity Trding Instrument.In india Market Open From 09.00 AM to 11.55 PM.
Demand and Consumption
India's gold demand is driven largely by:
Jewelry: Nearly 50%-60% of India's gold consumption is for jewelry.
Investment:
Gold is a popular form of investment, both in physical form (coins, bars) and financial products (gold ETFs, sovereign gold bonds).
Industrial Use: A small percentage of gold is used in electronics and medical devices.
There are multiple ways to trade in gold:
Gold Futures: Contracts traded on commodity exchanges like the Multi Commodity Exchange (MCX) in India.
Gold ETFs (Exchange Traded Funds): Gold-backed securities traded on stock exchanges.
Physical Gold: Coins, bars, and jewelry.
Sovereign Gold Bonds (SGBs): Bonds issued by the government.
Digital Gold: Purchased through apps or digital platforms in small denominations.
Demand and Consumption
India's gold demand is driven largely by:
Jewelry: Nearly 50%-60% of India's gold consumption is for jewelry.
Investment:
Industrial Use: A small percentage of gold is used in electronics and medical devices.
There are multiple ways to trade in gold:
Gold Futures: Contracts traded on commodity exchanges like the Multi Commodity Exchange (MCX) in India.
Gold ETFs (Exchange Traded Funds): Gold-backed securities traded on stock exchanges.
Physical Gold: Coins, bars, and jewelry.
Sovereign Gold Bonds (SGBs): Bonds issued by the government.
Digital Gold: Purchased through apps or digital platforms in small denominations.
Disclaimer
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