Interviews

We have an abundance of sun, and our ability to harness the sun's energy and create electricity is a pretty remarkable opportunity. The primary demand for power generation or power consumption is during the peak hours of the day; it's called peak power. That's when usage of electricity is the highest and also when the cost of the electricity is the highest. So utility companies are constantly looking for ways to increase that peak supply of power.

'If we get this pullback in the equity markets, we'll also possibly see a decline in the price of gold in nominal terms. But I think we're going to see a bigger decline in the cost of the inputs of producing gold. Energy can be a very, very big cost factor in certain mining projects. Materials costs went down dramatically last year, as well as energy costs.'

I don't think gold's going to take off and go to $1,500 or $2,000. I think the upside scenario is maybe $1,100 or $1,200 and then somewhere in a range between $900 and $1,100 is probably where the gold market is healthy and where the economy, as it compares to the gold market, is also reasonably stable. The fear trade is going to be here for a while and inflation might have an impact later on.
Symbol
Traded Date
Unit
Price
14 Feb 09
1 Candy
20470
10 Oct 09
1 Maund
2188
05 Nov 09
50 KGS
559.8
16 Feb 09
1 Candy
20380
10 Oct 09
1 Maund
2188
Symbol
Expiry Date
Unit
LTP
18 Sep 09
1€
145.38
14 Dec 09
1€
148.97
07 Aug 09
1tr OZ
936.00
07 Oct 09
1tr OZ
990.40
08 Dec 09
1tr OZ
1093.50
MCX-SX Currency rates
Product
Exp.Date
Buy Price
Sell Price
LTP
USDINR
26 Nov 09
46.87
46.875
46.8575
USDINR
29 Dec 09
46.945
46.97
46.9475
USDINR
27 Jan 10
47.025
47.1
47.0225
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