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Contribution to Indian Economy

Social impact and employment creation

(a) Create New Tax Payers and New Tax Revenues: FTIL exchanges like MCX and IEX helped organize markets in unorganized segments like commodities and energy and bring the trades “on market” in turn creating new tax payers and new tax revenue. 207 more words

Financial Technologies

Gold Futures Prices Higher As Dollar Dips Ahead Of Yellen Speech

Prices of US gold futures marked early higher on Friday hitting to four minimum weeks as the dollar slumped after a slight downward revision to US second growth quarter, but investors remained cautious ahead of an opening speech by the President Federal Reserve Janet Yellen end of the day for clues on interest rate policy. 260 more words

Commodity

Gold Prices Holds Above 4-Week Low, As Yellen Speech Draws Closer

Prices of gold dropped to an fresh 4-week low in trading on Thursday, as the dollar lost little strength ahead of economic reports from the United States increases the chances of an increase in the interest rate in the next months. 227 more words

Commodity

MCX creates ripples in India’s financial sector

Multi Commodity Exchange of India (MCX) is the latest buzz in stock exchange markets. MCX is carrying on transactions in both precious and base metals, yet gold and silver contributes to its maximum trade values. 279 more words

Financial Technologies

Silver down on weak global cues

25/08/2016 08:28

Silver futures closed lower in the domestic market on Wednesday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at the futures trade to a weak trend in the precious metals overseas as the dollar rebounded after a Federal Reserve policy maker said the US economy is strong enough to warrant an increase in interest rates soon. 35 more words

Finance

Chinese demand, but can Australia deliver?

Chinese consumers are craving for quality overseas products, and Australian marketers would do well to tap into that craving and deliver in new and innovative ways. 235 more words

MCX

Gold Attempts Modest Gains on Uncertainty of US Rate Hike

Prices of US gold futures slipped on Tuesday, falling for a 3rd day as investors are cutting back exposure to the yellow metal as the US dollar weakened to markets in wait and see mode ahead of a speech by the President of Federal Reserve Janet Yellen later earlier this week that could provide clues on the timing of a rise in interest rates in the United States. 201 more words

Commodity