Gold fee crosses new milestone of Rs 70,000 per 10 gm

Table of Contents

what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

MUMBAI: The speed of 24 carat gold crossed an all-time file of Rs 70,000 per 10 gm April 1. A buzz erupted within the buying and selling circles of Zaveri Bazar on the new milestone. “Today’s retail rate is Rs 70,700 per 10 gm including GST. On Friday it was Rs 68,500 per 10 gm. Global factors are driving up prices,” stated Kanaya Kakad, nationwide director, talent improvement of IBJA (India Bullion and Jewellers Affiliation).Kakad stated costs are anticipated to rise additional to Rs 72,000 inside 10-15 days.”Gudi Padwa April 9 will be a litmus test for buyer sentiment. Customers may take a few days to absorb the news but they will resume purchases because gold is an asset whose value can only appreciate. Also it is the only asset which the buyer controls completely, unlike stock market shares and real estate which are subject to the vagaries of market factors and individual builders,” he stated.One other jeweller Jitendra Jain agreed that merchants anticipated charges to go up additional.

#Gold #fee #crosses #milestone

Leave a Reply