Gold is a highly valued precious metal known for its stability and role as a safe-haven asset. Gold M is a gold contract representing 100 grams of gold, also known as Gold Mini. It allows trading up to 10 kilograms and provides flexibility for traders seeking exposure to gold.
Introduction
Gold, one of the oldest and most esteemed precious metals, is celebrated for its beauty and versatility. Historically, gold has served as money, a symbol of opulence, and an artistic medium for millennia. Today, it remains captivating due to its exceptional properties, such as being highly malleable, resistant to corrosion, and fully recyclable.
Gold finds applications across diverse fields, including jewellery, electronics, and medicine, where its biocompatibility makes it highly valuable. In financial markets, gold is a key stable asset, especially during periods of economic instability. Its demand is backed by its roles in jewellery, technology, and central bank reserves.
The global gold sector employs smart risk management techniques, such as hedging and the use of financial instruments like futures and options, to navigate market fluctuations and maintain stability. At the country level, China led global production in 2023, accounting for around 10% of the total output. It was followed by Australia and Russia, which also contributed significantly to the global gold supply.
Factors that Impact Gold Mini Price
- Global market trends: Gold prices are heavily impacted by global market trends. Factors such as geopolitical events, economic conditions, and currency fluctuations all contribute to price movements. During times of international market uncertainty, gold prices often rise as individuals look for a stable source.
- Local demand and supply: Gold is deeply rooted in Indian culture and is more than simply a trading option. Seasonal events like weddings and festivals drive up demand, impacting local gold rates.
- Exchange rates: Gold is priced in US dollars, so fluctuations in the Indian Rupee (₹) – US Dollar ($) exchange rate impact gold prices in India. A weaker rupee can lead to higher gold rates, while a stronger rupee may reduce them.
- Hedging by producers and miners: When producers and miners hedge their positions, it can impact supply levels and market sentiment, thereby influencing gold rates. Effective hedging can mitigate the effects of short-term price swings.
Things to Consider Before Trading in Gold Mini
- Economic indicators: Monitor economic indicators like inflation rates, interest rates, and currency fluctuations. These factors impact Gold Mini prices and are vital for strategic trading.
- Regulatory environment: Government policies, including changes in import duties, taxes, and restrictions, directly influence gold prices. Policies aimed at managing inflation can also affect gold rates, making it important to stay informed about regulatory changes.
- Market sentiment: The overall mood of the market can significantly impact gold prices. Fear and uncertainty can drive demand for gold, while optimism can lead to selling pressure.
Gold Mini Expiry Month Calendar 2023-24
Contract launch calendar for Gold Mini for the year 2023-24
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Contract Launch Month
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Contract Expiry Month
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October 2023
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January 2024
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November 2023
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February 2024
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December 2023
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March 2024
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January 2024
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April 2024
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February 2024
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May 2024
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March 2024
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June 2024
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April 2024
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July 2024
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May 2024
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August 2024
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June 2024
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September 2024
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July 2024
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October 2024
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August 2024
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November 2024
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September 2024
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December 2024
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How to Trade in Gold Mini via Angel One?
- Open a Demat and Trading Account: First, open a Demat and trading account with Angel One.
- Activate the Commodity Segment: Once your Demat account is ready to trade, make sure you activate the commodity segment in order to trade Gold Mini contracts and other commodities.
- Monitor the Market: Track exchanges like MCX (Multi Commodity Exchange) and NCDEX (National Commodity and Derivatives Exchange) to stay updated on live Gold Mini prices, market trends, and relevant news.
- Place Your Trades: Use the Angel One trading platform and leverage indicators like Bollinger Bands, RSI, and MACD to build your commodity trading strategy.
- Manage Your Risk: To control your risk and guard against big losses on your trades, use measures like stop-loss orders.
