Get started
Gold FuturesGold FuturesGold Futures

Gold Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts Options

GC1! trade ideas

Sovereign Gold Bond Scheme 2023-24 Series IVSovereign Gold Bond Scheme 2023-24 Series IV opens:- Sovereign Gold Bonds (SGB) are back, and the first such issue in the calendar year 2024 launches on 12 February 2024. The Reserve Bank of India (RBI) has set the issue price at Rs 6,263 per gram of gold. The public issue will close on 16 February 2024. SGBs applied for under the 2023-2024 Series IV will be issued on 21 February 2024.  ============================= What is Sovereign Gold Bond (SGB) & Who is the issuer ? SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India. ============================= What is the minimum and maximum limit for investment ? The Bonds are issued in denominations of one gram of gold and in multiples thereof. Minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March). In case of joint holding, the limit applies to the first applicant. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the secondary market. The ceiling on investment will not include the holdings as collateral by banks and other Financial Institutions ============================= Key details of Sovereign Gold Bonds (SGBs):- 1. Denomination: SGBs are denominated in grams of gold, and investors can buy in multiples of grams. 2. Interest Rate: They offer a fixed rate of interest, typically paid semi-annually. The interest is taxable, and the rate is decided by the government. 3. Tenure: The bonds have a maturity period of 8 years, with an exit option after the 5th year. This allows investors to sell/trade their bonds on stock exchanges. 4. Subscription Periods: SGBs are issued in tranches, and investors can subscribe during specific periods announced by the government. 5. Minimum and Maximum Investment: There is a minimum and maximum limit for investment in SGBs per financial year per individual. 6. Eligibility: Individuals, HUFs, trusts, universities, and charitable institutions are eligible to invest in SGBs. 7. Tradability: SGBs are tradable on stock exchanges, enhancing liquidity. 8. Tax Implications: While the interest is taxable, the capital gains arising on redemption are exempt if held until maturity. ============================= Main differences between Sovereign Gold Bonds (SGBs) and physical gold are:- 1. Form of Investment:    - SGBs: They are financial instruments issued by the government and represent ownership of gold in paper form.    - Physical Gold: Involves buying and holding actual gold in the form of coins, bars, or jewelry. 2. Interest Earned:    - SGBs: Offer a fixed rate of interest, providing an additional income stream to investors.    - Physical Gold: Does not generate any interest; its value is dependent solely on market price appreciation. 3. Liquidity:    - SGBs: Tradable on stock exchanges, providing liquidity and the option to sell before maturity.    - Physical Gold: Selling physical gold can involve additional costs, and liquidity may vary. 4. Storage and Security:    - SGBs: No need for physical storage as they exist in electronic form, reducing security concerns.    - Physical Gold: Requires safe storage, which may incur additional costs like renting a safety deposit box. 5. Market Price Exposure:    - SGBs: The value is linked to the market price of gold, providing exposure to gold price movements.    - Physical Gold: Directly impacted by changes in the market price of gold. 6. Tax Implications:    - SGBs: Interest income is taxable, but capital gains on redemption are exempt if held until maturity.    - Physical Gold: Capital gains tax applies if sold at a profit, and there may be implications for jewelry based on wealth tax. 7. Purity and Quality:    - SGBs: Guarantee purity standards as they represent a specific quantity of pure gold.    - Physical Gold: Purity and quality can vary, especially in jewelry, and may require assessment. 8. Convenience:    - SGBs: Offer ease of buying, selling, and tracking through electronic means.    - Physical Gold: Involves physical transactions, potentially requiring visits to dealers or jewelers. Choosing between SGBs and physical gold depends on individual preferences, investment goals, and considerations such as convenience, liquidity, and taxation. ============================= Note:- This is for educational purpose only. Please consult your financial Advisor before investing. It's important to check the latest details and terms with official sources or financial experts before making any investment decisions. We are not SEBI registered.
MCX:GOLD1!Long
by MasterTrader1949X
Gold : A Bullish viewBullish Pennant Pattern is building : If Gold gives a breakout above 63300 then it may touch 70000 n more. If it goes below 61500 then upside will be restricted and a downside fall will start. The Bullish Pennant Pattern: The bullish pennant emerges post an uptrend, forming a small symmetrical triangle (the pennant) during consolidation. This pattern signifies a battle between bulls and bears, ultimately leading to a breakout, usually upward, signifying the continuation of the uptrend. Components of the Bullish Pennant Pattern: An Uptrend:A prerequisite for this pattern, characterized by higher highs and higher lows. A Pennant: A small symmetrical triangle forming after the uptrend, indicating consolidation. A Breakout: The essential phase, marking the continuation of the uptrend, often occurring upwards. Trading the Bullish Pennant Pattern: Psychology Behind Bullish Pennant: A reflection of market consolidation after bullish momentum, highlighting the buyers' dominance. Bullish Pennant vs. Bearish Pennant: Bullish pennants signal uptrend continuations, while bearish pennants suggest downtrend extensions. Bullish Pennant vs. Bull Flag: Bull flags form after sharp rallies, while bullish pennants appear after extended uptrends, marked by converging trendlines. Stop Loss Placement: Consider placing your stop loss at the pennant's resistance line for risk management. Profit Target Setting: Customize your profit target, aligning with the pattern's flagpole height or a conservative approach, harmonizing with your risk management strategy. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
MCX:GOLD1!
by maneeshaggarwal
Gold MCX ready for upside move avoid fresh sell trade On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader
Gold MCX Future Weekly Analysis for 22-26 Jan., 2024 🔥 GOLD - 05 FEB FUTURES ANALYSIS 📊 Weekly Range: 1192 📈 Buy at: 62190.66 🎯 Buy Target 1: 62740.66 🎯 Buy Target 2: 63196 🔍 Add one lot at: 62050 ❌ Buyer Stoploss: 61793.33 📉 Sell at: 61909.34 🎯 Sell Target 1: 61267.34 🎯 Sell Target 2: 60812 ❌ Seller Stoploss: 62306.67 Analysis: Gold (05 Feb) exhibits a compelling setup for traders. The buy entry at 62190.66 provides an opportunity for an upward move towards targets at 62740.66 and 63196. Adding one lot at 62050 enhances the position. The buyer stoploss at 61793.33 safeguards against adverse market conditions. On the flip side, the sell entry at 61909.34 opens up possibilities for a downward move targeting 61267.34 and 60812. Implementing a seller stoploss at 62306.67 ensures risk management. Caution: Traders are advised to stay attentive to market conditions and adjust positions accordingly. #GOLD #CommodityTrading #TechnicalAnalysis #TradingStrategies #FinancialMarkets #TradingView
MCX:GOLD1!
by NumroTrader
Gold MCX started up move as said yesterday hold buyOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader
Gold started moving up as said yesterday we will see more upsideOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader