Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

China Gold Imports set to become the Biggest Gold Market

34 sec read

India has the world largest gold market for decades but in the final quarter of 2011 there is a significant decline in the demand of gold in india. Demand had declined more than 50% when compared to the previous year as collapse in the value of the rupee made gold more expensive for Indian Consumers.

 
On Contrary Gold imports from Hong Kong to China rose from 118,904 Kg in 2010 to 427,877 Kg in 2011, an increase of 259% in Gold imports when compared to the previous year i.e more than tripling from 2010 .China is set to overtake India this year as the world’s largest consumer of gold. In the second half of the year the Indian demand waned,China edged ahead as the world’s top consumer.

Chinese Gold Import from Hong Kong

Chinese gold consumption has already risen by 140 per cent between 2007 and 2011, as growing wealth and the liberalisation of the domestic gold market drive a surge in consumption.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Silver Momentum Pullback Trade Setup

After a significant momentum in Silver 11.77 to 29.85 silver started correcting in the month of Sep 2020 towards 21.66. Last week silver plunged...
Rajandran R
22 sec read

Is the Oil nearing the Bottom?

I woke up in the morning just to see the headlines "Oil Drops to 21-Year Low With Storage Filling as Demand Shrivels". Ever-since ...
Rajandran R
53 sec read

Gold-Oil Ratio at the Historical High

Now with One ounce of Gold one can buy 83 barrels of Crude Oil. Gold-Oil Ratio is at the historical peak as the FED...
Rajandran R
37 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More