At Pakistan Mercantile Exchange, the Gold is traded using deliverable as well as non-deliverable futures contract ranging from one week to three months. The Gold units traded are tola (1tola = 11.664 Gram), ounces (1 ounce = 28.3495 gram), and Gram. The exchange charge fix amount on percentage basis for insurance and storage cost of Gold. The Gold traded are 99.9% pure i.e. 24 carat gold.
The gold price analysis:
Throughout the human history, the gold has played an important role in transferring wealth from one generation to the other generation and it has peculiar investment property. It has been shown to be a good inflation hedge.
In 2005 the gold price remained around Pakistan Rupees 8500 for 10 Gram Tezabi gold, however, it touched to 53,500 Rupees at the end of year 2012. During this period it remained volatile as well.
Quarterly Return of Gold
the highest Quarter return of 28% on Gold occured during the last quater of the year 2005 whereas the large loss occured during the first and second quarter 2013.
Conclusion:
Despite Gold price have linear trend occasionally it returned abnormal return.
The gold price analysis:
Throughout the human history, the gold has played an important role in transferring wealth from one generation to the other generation and it has peculiar investment property. It has been shown to be a good inflation hedge.
In 2005 the gold price remained around Pakistan Rupees 8500 for 10 Gram Tezabi gold, however, it touched to 53,500 Rupees at the end of year 2012. During this period it remained volatile as well.
Quarterly Return of Gold
Conclusion:
Despite Gold price have linear trend occasionally it returned abnormal return.
Gold rates are subject to change from nation to nation as they have been accounted for differently in the different countries. There are factors that affect the rate of gold that includes the inflation rate or currency exchange rate, the tax schedule that has to be followed by the imports of the gold and the steps taken by central banks and gold miners. The gold rate changes in consequences to these factors and thus varies from country to country.
ReplyDeleteany one would tell me that trading with PMEX (commodoties , crude oil) halal or haram?
ReplyDeletethere is nothing haram in trading goods and services of halal objects both gold and crude oil is halal and therefore their trading.
ReplyDelete