Multi commodity trade gold breaks above Rs 72,000 mark

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: Gold costs climbed to a different report excessive stage on the Multi Commodity Change and in addition within the native market as jewellers noticed some uptick in enterprise because it was an auspicious day.Costs of gold and silver have been hitting new highs in current weeks resulting from a number of components. These embody heightened geopolitical dangers, uncertainties resulting from normal elections in a number of international locations all over the world, aggressive shopping for of the yellow steel by central banks and the current weak point of the rupee in opposition to the greenback.On the MCX on Tuesday, whereas the close to month (June) futures contracts hit a excessive of Rs 71,739/10 grams, the mid (August) month contracts had been traded at Rs 72,047 and much (Oct) month contracts had been traded at Rs 72,138.The native wholesale marketplace for the metals was closed for Gudi Padwa. Within the worldwide market, gold costs inched up nearer to the $2,400/ounce (oz) mark, a never-seen-before stage. On New York’s Comex, in mid-session on Tuesday, it traded at $2,385 – a brand new all-time peak. In current months, after these two treasured metals began to rally, demand from ETFs additionally rose which strengthened the rally, information stories stated. Though a powerful US financial system and a sturdy labour market are delaying a price reduce by its central financial institution, traders nonetheless are shopping for gold in anticipation of an extra rally as soon as charges are decreased later within the 12 months, analysts stated.

#Multi #commodity #trade #gold #breaks #mark

Leave a Reply