Gold, oil at new peaks amid West Asia tensions

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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.

Gold scaled yet one more file peak on Tuesday as merchants snapped up the secure haven asset amid rising West Asia tensions, largely ignoring a stronger greenback and tempered bets for US price cuts. Spot gold was up 0.9% to $2,269 per ounce after hitting an all-time excessive of $2,277. International oil benchmark Brent additionally rose above $89 a barrel for the primary time since Oct as oil provides confronted contemporary threats from Ukrainian assaults on Russian vitality amenities and escalating battle in West Asia.Hitting an all-time excessive, gold costs in India rose to Rs 68,500 per 10 grams in Mumbai. Within the earlier session, the dear steel closed at Rs 68,450 for 10 grams. Silver costs climbed Rs 800 to Rs 75,500 per kg. Within the earlier session, costs had settled at Rs 74,700 per kg.”We’re seeing some safe haven demand flowing into gold, which relates to the Israeli strikes on Iran’s embassy in Syria,” mentioned Daniel Ghali, commodity strategist at TD Securities. The newest leg up in gold costs might be additionally related to brief masking from household workplaces and proprietary buying and selling retailers, Ghali added.Iran vowed to take revenge on Israel for an airstrike on the Iranian embassy compound in Damascus. Saxo Financial institution’s Ole Hansen mentioned an underlying bid from retail and central banks was being joined by momentum-following speculators who’ve prolonged their already elevated longs following gold’s break above $2,200. The combination of bullish tailwinds has pushed bullion practically 10% larger up to now this yr.

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