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Platinum Member
7 Followers
I do not know if it is within the scope of MMTC to sale gold. I do not think they should indulge in retail business.
8.40 PM May 11th 2013
Platinum Member
7 Followers
I do not know how much stock MMTC has accumulated in stoc. The Gold prices are going downwards day by day. God forbid if Cyprus central banks dump the gold in the market what is going to happen. Decision to buy & sell is based on commercial basis & not emotional. Any thing is auspicious when you make money & not when you loose.
8.37 PM May 11th 2013
Platinum Member
7 Followers
On o ne side FM is trying his best to curb Indian consumption of gold by putting more taxes on the other side another govt. arm wants to encourage the consumption.
4.19 PM May 11th 2013
Platinum Member
56 Followers
The intention of the MMTC in selling gold is not clear as to whether it is for earning profit or for disposing of the gold kept imported. Since gold imports cause huge trade deficit, it should be curbed to the extent possible and selling should not be encouraged by MMTC. If it is for business and with a view to earn profit, the case is different.
3.07 PM May 11th 2013

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