Gold hits a brand new report, finest month in over 3 yrs

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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.

HYDERABAD: Per week after it vaulted over the $2,200/oz mark in worldwide markets for the primary time, gold touched yet one more life-high of $2,236 within the wee hours of Friday. In March, it has gained 9.3%, logging its finest month since July 2020 (see graphic).Although MCX remained closed on account of Good Friday, costs of 24k gold have been quoting above Rs 70,000 per 10gm (together with import responsibility & GST) within the native market.With the yellow steel closing at an all-time excessive of $2,233, Indian Bullion and Jewellers Affiliation nationwide secretary Surendra Mehta stated it could effectively open $30-40 larger on Monday.”Gold has gone off the charts. If it keeps growing at this rate, it will become more of an investment commodity than a consumer item. Once that happens, it will only go up higher,” stated Mehta, declaring that the newest bounce could possibly be attributed to heavy shopping for by China along with shopping for by central banks of different nations.Avinash Gupta, former director of All India Gems & Jewelry Home Council, stated costs are transferring on technicals solely as there isn’t any change in fundamentals apart from elevated shopping for by central banks. “The technical support is so strong that now, we are looking at $2,350.” However the extra gold dazzles, the extra it loses its sheen for jewelry shoppers. “Jewellery business is down everywhere to just 30% of normal levels due to rising prices,” Gupta stated.

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