If you are a Gold and Silver trader in Indian Multi Commodity Exchange ( Indian MCX), then I would suggest you to start Investing in forex which will be more benefit to you.
Suppose you are buying 1 lot ( 1kg) Gold in Indian MCX then you have to pay around 1,00,000 as margin and if the Gold price increase 100 points.
for example- Current market price of Gold is Rs26,200 and it increase to Rs 26,300 then the profit is of 100 points.
In amount it will be (Quantity * the point increase)= (100*100)= Rs10,000
In similar case International Gold price has increased around $6 as on each $1 appreciation in International Gold impact our 15-18 point increase.
To Buy 1 lot International Gold you need to pay around $1300 = (1300*54)=70200.
Suppose $1=Rs54.
As it is increase around $6 then your profit will be around $6*100= $600 which is in Indian currency around $600*54= 32400.
So you can see from this simple calculation how buying International Gold is more benefit to you.
Also read out about my forex trading experience.
http://expertscolumn.com/content/my-experience-forex-trading
Suppose you are buying 1 lot ( 1kg) Gold in Indian MCX then you have to pay around 1,00,000 as margin and if the Gold price increase 100 points.
for example- Current market price of Gold is Rs26,200 and it increase to Rs 26,300 then the profit is of 100 points.
In amount it will be (Quantity * the point increase)= (100*100)= Rs10,000
In similar case International Gold price has increased around $6 as on each $1 appreciation in International Gold impact our 15-18 point increase.
To Buy 1 lot International Gold you need to pay around $1300 = (1300*54)=70200.
Suppose $1=Rs54.
As it is increase around $6 then your profit will be around $6*100= $600 which is in Indian currency around $600*54= 32400.
So you can see from this simple calculation how buying International Gold is more benefit to you.
Also read out about my forex trading experience.
http://expertscolumn.com/content/my-experience-forex-trading
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