gold intra day volatility

8/14/2019 Gold Intra Day Volatility

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Gold Intra Day Volatility

Go ld In tra D ay V olatility

-0.08

-0.06

-0.04

-0.02

0

0.02

0.04

0.06

0.08

D a t e

3 / 2 1 / 2 0 0 6

6 / 7 / 2 0 0 6

8 / 2 4 / 2 0 0 6

1 1 / 9 / 2 0 0 6

1 / 2 5 / 2 0 0 7

4 / 1 7 / 2 0 0 7

7 / 2 / 2 0 0 7

9 / 1 9 / 2 0 0 7

1 2 / 7 / 2 0 0 7

2 / 2 3 / 2 0 0 8

5 / 1 3 / 2 0 0 8

7 / 2 8 / 2 0 0 8

1 0 / 1 5 / 2 0 0 8

1 / 2 / 2 0 0 9

3 / 2 0 / 2 0 0 9

6 / 1 1 / 2 0 0 9

8 / 2 7 / 2 0 0 9

D a t e

V o l a

t i l i t y I n %

One has observed a sharp decrease in volatility since the month of June 09



MCX Gold Volumes and Open Interest

G o l d M C X V o lu m e s & O p e n In te re s t

8 0 0 0

9 0 0 0

1 0 0 0 0

1 1 0 0 0

1 2 0 0 0

1 3 0 0 0

1 4 0 0 0

1 5 0 0 0

1 6 0 0 0

4 - A u g

- 0 7

1 7 - O c t

- 0 7

2 8 - D e c

- 0 7

8 - M a r

- 0 8

2 0 - M a y

- 0 8

2 9 - J u l - 0 8

9 - O c t

- 0 8

1 9 - D e c

- 0 8

2 - M a r

- 0 9

1 4 - M a y

- 0 9

2 3 - J u l - 0 9

R s P e r 1 0 g r a m s

1 0 0 0

2 1 0 0 0

4 1 0 0 0

6 1 0 0 0

8 1 0 0 0

1 0 1 0 0 0

1 2 1 0 0 0

O I I n l o t s a n d V o l u m e s i n K g s

C los e O I (Lo ts ) V o lum es in K gs



MCX Gold Mini Volumes & OI

Gold Mini Volumes in K gs and O I in Lo ts

0

2000

4000

6000

8000

10000

1200014000

16000

18000

4 - A u g - 0 7

1 0 - S e p - 0 7

1 7 - O c t - 0 7

2 1 - N o v - 0 7

2 8 - D e c - 0 7

2 - F e b - 0 8

8 - M a r - 0 8

1 5 - A p r - 0 8

2 0 - M a y - 0 8

2 4 - J u n - 0 8

2 9 - J u l - 0 8

3 - S e p - 0 8

9 - O c t - 0 8

1 3 - N o v - 0 8

1 9 - D e c - 0 8

2 4 - J a n - 0 9

2 - M a r - 0 9

6 - A p r - 0 9

1 4 - M a y - 0 9

1 8 - J u n - 0 9

2 3 - J u l - 0 9

2 8 - A u g - 0 9

C l o s i n g P r i c e i n R s P e r 1 0

g r a m s

0

5000

10000

15000

20000

25000

3000035000

40000

45000

V o l u

m e s i n K g s & O I i

n l o t s

Close OI Volumes in Kgs



Gold Guinea Volumes and OI

Gold Guinea Volumes & OI in Lots

1100011200

11400

11600

1180012000

12200

7 / 1 / 2 0 0 9

7

/ 1 3 / 2 0 0 9

7

/ 2 4 / 2 0 0 9

8 / 5 / 2 0 0 9

8

/ 1 9 / 2 0 0 9

8

/ 3 1 / 2 0 0 9

P

r i c e s P e r C o i n

02000

4000600080001000012000140001600018000

V o l u m e s a n d O p

e n

I n t e r e s t i n L o t s

Last Price Aggregate Volume in LotsAggregate Open Interest in Lots



MCX Silver Volumes and OI

M C X S ilv e r V o lu m e s a n d O I

1 5 0 0 0

1 7 0 0 0

1 9 0 0 0

2 1 0 0 0

2 3 0 0 0

2 5 0 0 0

2 7 0 0 0

2 9 0 0 0

4 - A

u g - 0 7

1 0 - S

e p - 0 7

1 7 - O

c t - 0 7

2 1 - N

o v - 0 7

2 8 - D

e c - 0 7

2 - F

e b - 0 8

8 - M

a r - 0 8

1 5 - A p r - 0 8

2 1 - M

a y - 0 8

2 5 - J u n - 0 8

3 1 - J u l - 0 8

5 - S

e p - 0 8

1 1 - O

c t - 0 8

1 5 - N

o v - 0 8

2 2 - D

e c - 0 8

2 8 - J a n - 0 9

4 - M

a r - 0 9

8 - A p r - 0 9

1 6 - M

a y - 0 9

2 0 - J u n - 0 9

2 5 - J u l - 0 9

P r i

c e i n R s . P e r k g .

0

5 0 0 0 0 0

1 0 0 0 0 0 0

1 5 0 0 0 0 0

2 0 0 0 0 0 0

2 5 0 0 0 0 0

3 0 0 0 0 0 0

3 5 0 0 0 0 0

O I a n

d V o l u m e s i n K g s .

C lo s e V o l s in K g s O I in K g s



MCX Silver Mini Volumes and OI

Silver Mini Vols and Open Interest

0

5000

10000

15000

20000

25000

30000

1 6 - O c t - 0 7

2 7 - D e c - 0 7

7 - M a r - 0 8

1 9 - M

a y - 0 8

2 8

- J u l - 0 8

8 - O c t - 0 8

1 8 - D e c - 0 8

2 8 - F e b - 0 9

1 3 - M

a y - 0 9

2 2

- J u l - 0 9

S i l v e r P r i c e s p e r K g

0

100000

200000

300000

400000

500000

600000

700000

V o l u m e s a n d O I i n K g s

Close Volume(kg) OI in kgs



Highest Physical Deliveries on MCX

Commodity Contract In Kgs

Gold Regular Oct-2006 1,893

Gold Mini Nov-2006 551.7

Gold Guinea Oct-2008 87.264

Silver Regular Dec-2008 1,41,810



International Gold Prices Vis-a-Vis MCX GoldPrices

2007 2008 2009

(till 31-Aug-2009)

International Gold Average price in

$/ounce

698 871 923

Average INR 41.35 43.51 49.07

Gold Average price inMCX in Rs/10 gms

9,353 12,208 14,609



Gold Consumption figures (India)(In tonnes)

2006 2007 2008 2009Consumption 774 871 482 171

Imports 694 798 403 71

Recycled Gold 80 73 90 100

Gold Averageprice in MCX in

Rs/10 gms

8,966 9,353 12,208 14,609



International Price Movements vis-à-vis Indian Consumption

Comparison In Consumption and Intl. and MCX Gold Prices

0

2000

4000

6000

8000

10000

12000

14000

16000

02-Jan-07 31-Dec-07 31-Dec-08 31-Aug-09

R s

P e r 1 0 g r a m s

0

100

200

300

400

500

600

700

800

900

1000

L T P I n t e r n a t i o n a l P r i c e s &

C o n s u m t i o n i n T o n n e s

MCX- Rs/10Grms LTP International PricesConsumption in Tonnes Recycled Gold Consumption



PLATINUM



Need for Platinum contract on MCX

100% Import Dependent

No local price discovery :

Prices discovered in International Markets

Absence of organised spot markets for platinum in India

Local Platinum consumer is exposed to a price risk

No local price hedging mechanism

Year-on-Year increase in Demand : approx 10%



Need for Platinum contract on MCX

Platinum is highly used in industries like

Automobile

Pharmaceuticals

Fertilizers

Petrochemicals etc.

Platinum consumption in India is around 10tons per annum, out of which 2 tons is

imported and 8 tons is recycled.



Platinum Fabrication Demand(Moz)



Platinum Consumption in India (Kgs)

25.00%

15.00%

5.00%

55.00%

Automobile(5500)

Petrochemicals &

Fertilizers(2500)

Jew elery(1500)

Electronics &

Dental(500)



Platinum & Gold Prices



Correlation with NYMEX contract

M C X & N Y M E X P latin u m C o r re latio n

1000

1200

1400

1600

18002000

2200

9 / 2 9 / 2 0 0 8

1 0 / 2 0 / 2 0 0 8

1 1 / 1 0 / 2 0 0 8

1 2 / 2 / 2 0 0 8

1 2 / 2 3 / 2 0 0 8

1 / 1 6 / 2 0 0 9

2 / 9 / 2 0 0 9

3 / 3 / 2 0 0 9

3 / 2 5 / 2 0 0 9

4 / 1 7 / 2 0 0 9

5 / 1 1 / 2 0 0 9

6 / 2 / 2 0 0 9

6 / 2 3 / 2 0 0 9

7 / 1 5 / 2 0 0 9

8 / 5 / 2 0 0 9 M

C X P l a t i n u m P r i c

e s p e r

g r a m

70 080 0

90 0

1000

1100

1200

1300

1400

N Y M E X

P l a t i n u m P r i c e s

p e

r t r o y o u n c e

M CX C los e N Y M E X In t l c los in g P ric es

Correlation – 95.38%



Thank You!Contact:

Exchange SquareSuren Road, Chakala

Andheri (East)Mumbai 400 093.Tel: +91-22 - 67318888Fax :+91-22 - 6709 9044Web : www.mcxindia.com

DISCLAIMER:The Information in the presentation issolely for informational purpose and should not be

regarded as a recommendation by MCX. Allinformation in the presentation is obtained from thesources believed to be reliable and MCX or any of theassociate entities make no representation as to its

completeness or accuracy.MCX accepts no obligationto correct or update the information or opinion.Nomember of MCX or its associate entities accept any

liability whatsoever consequent ional or other losesarising from the use of the presentation and or furthercommunication in relation to this presentation.

gold intra day volatility

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