...Of Management Lucknow August 2013 A MICROECONOMIC STUDY ON GOLD Submitted to Professor Sanjay K Singh By Section E, Group J Aman Doharey (PGP30244) Mahesh Raja R (ABM11045) Prerna Pal (PGP30265) Rohit Mandappalli (PGP29341) Shradhha MeryllinePanna (PGP30280) Swagata Das Chowdhury (PGP30419) Tanuj Kumar Lodhi (PGP30420) Table of Contents Introduction Background Protection Requirement Elasticity Of Gold Gold Consumption Scenario in India Need and Objective Of Study Research Methodology Tools and Techniques Hypotheses Data Analysis 1. US Dollar 2. Crude Oil 3. Silver 4. Inflation 5. Sensex Values Findings and Conclusions INTRODUCTION This report emphasizes on studying, interpreting and illustrating the various economic factors affecting the consumption and price of the precious metal Gold. We examine the impact of factors that maybe reason for such distortion and also see how the change in gold price impacts other commodities in the open market. Background Used as a sovereign since ages, gold has always been a sought after commodity. The price variation has almost always been upwards and has had a steep rise in this trend. A few pointers about Gold can be inferred as below. Production Gold is majorly obtained through mining, other sources may include recycling, trading etc. Through these sources gold enters the market. Requirement Gold is an essential commodity in any country’s economic state. It is...
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...not go West because you could have an unknown fate, there could be many difficulties, and you would have to leave many things behind. In the first place, I would not go West because you could have an unknown fate. In the text of Object C: Gold Rush, the author states that “few people struck it rich.” This evidence proves that you have an unknown fate because it said that “few people struck it rich” that shows that almost everyone did not find gold. Yet they traveled that whole way to get nothing. In the text, the author wrote: “failed in their attempts to farm the land.” This evidence was found in Object A: Homestead Act. This evidence shows that these people work very hard to get the land they needed but it turned out that the land they had could not be farmed because of bad soil. The picture in Object G: Oregon Trail, shows a wagon broke down and...
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...With the support of Moapa Valley and Las Vegas Band of Paiutes, the Friends of Gold Butte are taking huge strides to accomplish their goals. They claim to have support from the City of Mesquite, and the Clark County Commission. Both of these government entities are very influential and play a vital role in persuading Congress to designate a wilderness area. The Mesquite City Council and the Clark County Commission are both comprised of elected officials. The Friends of Gold Butte have done an excellent job selling the plan to community members in Mesquite. However, after speaking and listening to some local residents, who live near, and frequent Gold Butte, valid concerns have surfaced. These citizens are unique and have a clear understanding...
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...Gold Anonymous. Metal Bulletin Monthly 418 (Oct 2005): 50-51. Abstract (summary) Pure - or 1,000 thousandths - gold is equivalent to 24 carats, but gold is generally used as an alloy because it is such a soft metal. The jewellers' terms "fine gold" and "pure gold" mean 920 and 840 thousandth alloys respectively, the balance being supplied by copper. The addition of copper produces red and pink golds, while deep yellow gold is practically 100% pure and "white gold" is often a gold alloy containing nickel and palladium. Pure - or 1,000 thousandths - gold is equivalent to 24 carats, but gold is generally used as an alloy because it is such a soft metal. The jewellers' terms "fine gold" and "pure gold" mean 920 and 840 thousandth alloys respectively, the balance being supplied by copper. The addition of copper produces red and pink golds, while deep yellow gold is practically 100% pure and "white gold" is often a gold alloy containing nickel and palladium. Full Text Gold is among the oldest metals known to mankind, over whom it has often exerted a compelling force of attraction because of its rarity, lustrous beauty and permanence. A sun-yellow ductile metallic element, gold mostly occurs as nuggets in rocks and alluvial deposits. It has a high melting point (1,063°C) and is one of the best conductors of heat and electricity, as well as being resistant to corrosion, except from chlorine, fluorine and aqua regia acid. It is one of the densest elements at 19.3 g/cm^sup...
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...the price of gold. They used monthly gold price data January 1976 to December 1999 and applied Error Correction Model. If set of conditions have satisfied, the price of gold will rise over time at the general rate of inflation. Ranson (2005) tried to find out role of gold and oil as predictor of inflation. He found that gold price is more reliable barometer of the inflation than oil price because the effect on official inflation statistics, is reliably indicated by how far policy actions have allowed the price of gold to rise. Worthington and Pahlavani (2006) tested for the presence of a stable long-run relationship between the monthly price of gold and inflation in the United states from 1945 to 2006 and from 1973 to 2006. By applying unit root and modified cointegration test, they provided strong evidence of a cointegrating relationship between inflation and gold. This is in line with the view that gold can serve as an effective inflationary hedge. Levin and Wright (2006) tried to find out short-run and long-run determinants of the price of gold for the period January 1976 to August 2005. By using cointegration techniques they confirmed that the long-run price of gold moves only to the US price level, while short-run movements in the gold price were related to exchange rate, gold lease rate , gold’s beta, US inflation , US inflation volatility, credit risk and political uncertainty. Tully & Lucey (2007) investigated the relationship between gold prices and exchange...
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...Introduction | 1-2 | 2. | Objectives | 3 | 3. | Research problem | 4 | 4. | Hypothesis | 4 | 5. | Methodology | 5 | 6. | Literature review | 6-9 | 7. | Difference between branded & non-branded jewellery | 10 | 8. | Analysis of data collected | 11-12 | 9. | Questionnaire | 13-16 | 10. | References | 17 | INTRODUCTION As India makes rapid progress in the retail arena, the Indian Jewellery market is undergoing a gradual metamorphosis from unorganized to organized formats. The jewellery business in India is estimated to beat Rs. 50,000 crores. According to the independent estimation studies conducted by World Gold Council & Mckinsey, out of the overall market share, the share of organized jewellery market is less than Rs. 1,000 crores. This accounts to about 2-3 % of the total market share. But given that this is a relatively new segment of the market, it is poised to grow. Jewellery retailing is moving from a ‘Storehouse of value’ to a ‘Precious fashion accessory’. Plain gold is gradually easing its stranglehold on the Indian consumer psyche to give way to diamonds, platinum and colored gemstones. The way jewellery was worn before is undergoing a tremendous change. Traditional designs are yielding to modern jewellery, heavy gold is giving way to light and simple designs. Consumers are more quality conscious than ever before. The jewellery market is one of the largest consumer sectors in the country- larger than telecom, automobiles, and apparel and perhaps...
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...|Tanishq: Positioning to capture Indian Women’s Heart | |A Case Analysis | |Submitted By: Amit Goel | | | |Word Count '' 1724 words | Industry Overview: i. India is the largest consumer of gold in the world to be followed by China and Japan. India is emerging as world's largest trading centre of this commodity with a target of US$ 16 bn. set for 2010. ii. Placed against targets to achieve 65 percent of the international market by 2010, India’s gem and jewellery industry has registered an impressive 21.33 percent growth in exports iii. India dominates the world’s cut and polished diamonds (CPD) market. In value terms, the country accounts for approximately 55 percent of global polished diamond market and nearly 9 percent of the jewellery market. According to GJEPC's provisional estimate, cut and polished diamonds registered 19.06 percent growth in exports at US$ 7.11 mn. iv. India accounts for 80-85 per cent of the world’s CPD market in volume terms, 55-60 per cent in value terms and about 90 per cent in unit terms. Other major players in the global CPD market are Belgium and Israel. v. Surat contributes 90 percent of India's total diamonds exports. vi. India's domestic branded jewellery market is estimated at US $150 bn. vii. There are 13 bullion importing banks in India. viii. India's...
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...value of a typical customer in the gold ( top 20%) segment is worth $1415. * The lifetime value of a typical customer in the gold ( low 80%) segment is worth $769. * The lifetime value of a typical customer in the Silver( top 20%) segment is worth $406. * The lifetime value of a typical customer in the Sliver( low 80%) segment is worth $153. * The lifetime value of a typical customer in the inactive customers segment is worth $40. * The lifetime value of a typical customer in the low customers segment is worth $0. * * If the existing customers were to be economically valued, as an asset of the company, how much would they be worth? * The economic value of the existing customers can be calculated by multiplying the customer lifetime value of each segment by the segment’s size and then summing the value of all segments. * Total value, in today’s dollars, of the existing customer database will be $15,024,938. ( Shown in the Exhibit 2） * * Question 2 1) The lifetime value of a typical customer in each segment when the discount rate is 40%. * Exhibit 3 shows that the customer lifetime value for each segment with a 40% discount rate. * The lifetime value of a typical customer in the platinum( top 20%) segment is worth $2467. * The lifetime value of a typical customer in the platinum( low 80%) segment is worth $1653. * The lifetime value of a typical customer in the gold...
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...presentation 7967 views * Trends In Jewellery 4955 views * Strategic Management 847 views * Glistening upturn in branded luxury jewellery 944 views * Copy of tanishq presentation 381 views * Diamond retailers 1467 views * Jems and jwellery.. 128 views * Ibef Jewellery 06 1902 views * consumer buying behaviour of branded and non branded jewellery 1399 views * GITANJALI BRAND BOOKLET 2012 170 views * Indian Jewelry Market: Trends & Opportunities (2012- 2017) 86 views * Jp tanishq imc 749 views * Titan Industries Limited 2463 views * Titan Industries Limited 3133 views * Titan Industries Limited 1275 views * Titan Industries Limited 2569 views * Tanishq Brand Analysis - By Anand 6797 views * Gems And Jewellery Industry 6249 views * Gitanjali Brand Booklet - 2010 6228 views...
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...ANALYSIS OF COMMODITY MARKET (GOLD & SILVER) Submitted in partial fulfilment of the requirements for Post Graduate Diploma in Management (PGDM) By SNEHA GUPTA ERA BUISSNESS SCHOOL Dwarka sector-9 July 2013 Acknowledgement I owe many thanks to all those people who helped and supported me during the process & completion of this project. I would thank my Institution for giving me an opportunity to undertake this project. My deepest thank to Mr. Vinay Pratap Singh (Sr. Manager online), Mr. B.Sanjeev Kumar my industry mentor, for guiding me throughout the project completion process with attention and care. He displayed all the patience required to go through the project and make necessary correction as and when needed. My Summer Training at “SMC Global Securities Ltd.” is an ardent, unforgettable and fruitful experience. I’m overwhelmed with the friendly & co-operative attitude, and the enlightened advice and information extended to me by everyone. I thank Prof. Hemant Indurkar – my faculty mentor for supporting and monitoring my work since the beginning of the project. I am grateful to all the fellow employees of “SMC Global Securities Ltd” for their help, support and amiability throughout the internship. Finally, yet importantly, I would like to express my heartfelt thanks to my beloved parents for their blessings, my friends for their help and wishes for the successful completion of this project. Mukesh Kumar Mishra ...
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...2015) Table of Contents: 1. Introduction 2. Objective 3. Limitations 4. Research Methodology 5. Introduction: As India makes rapid progress in the retail arena, the Indian Jewellery market is undergoing a gradual metamorphosis from unorganized to organized formats. The jewellery business in India is estimated to beat Rs. 50,000 crores. According to the independent estimation studies conducted by World Gold Council & Mckinsey, out of the overall market share, the share of organized jewellery market is less than Rs. 1,000 crores. This accounts to about 2-3% of the total market share. But given that this is a relatively new segment of the market, it is poised to grow. Jewellery retailing is moving from a “Storehouse of value” to a “Precious fashion accessory”. Plain gold is gradually easing its stranglehold on the Indian consumer psyche to give way to diamonds, platinum and colored gemstones. The way jewellery was worn before is undergoing a tremendous change. Traditional designs are yielding to modern jewellery, heavy gold is giving way to light and simple designs. Consumers are more quality conscious than ever before. The jewellery market is one of the largest consumer sectors in the country- larger than telecom, automobiles, and apparel and perhaps second only to the foods sector. Interestingly, organized retailers have attempted to understand the market, anticipate social change and...
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...buying jewelery SIGNIFICANCE OF THE STUDY The gems and jewellery industry occupies an important position in the Indian economy and is one of the fastest growing industries in the country. Hence the research conducted would help us to: 1) Understand the consumers preference while purchasing jewellery. 2) How much impact does a brand/ retailer has on their purchase decision. 3) Does price play an important role in guiding their purchase decision. 4) Are the various promotional strategies adopted to combat competition. DESCRIPTION PROBLEM The scope of study is limited due to the following reasons: 1) Time constraint - since the time span for the study was only one month, an in depthstudy and analysis will become a little difficult...
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...Background Information In the past, alchemy grew in popularity from as early as 300BC for the hopes of changing matter of lesser value into its greatest potential. Alchemy mainly practiced the act of transmutation: the changing of one element into another element. The practice is most commonly known for the goal of converting metals, such as lead, into gold. However, around the 17th and 18th century, alchemy’s relevance diminished as chemistry went on the rise during this time. With this decline of alchemy continuing, should alchemy be titled as a dead science, pseudoscience or to never actually be considered as a science? In recent history, chemistry emerged from alchemy, and ever since then alchemy was only a thing of the past. Ultimately, one classifies the practice of alchemy as no more than just a pseudoscience. Alchemy has been practice universally and has undergone multiple forms causing a lack of accuracy and clarity in its purpose. The practice of alchemy also revolved around the spiritual view of the world,...
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...Pan American Silver Corp. (NASDAQ: PAAS) * Enterprise Value: $833.83M | * Enterprise Value/Oz.: $1.36 | * Industry: Silver Production | * Symbol: PAAS | * Production: 19,330,000 (9 months) | * Market Capital: $1.03B (as on 7/1/16) | * Revenue: $511,728,000 (9 months) | * Share Price: $6.81 (as on 7/1/16) | * Net Income: $ (9.46)M (as on 30/9/15) | * P/E Ratio: N/A | Pan American Silver Corp. is a Canadian company focusing on silver mining in Mexico, Peru, Bolivia and Argentina with corporate office in Vancouver. The company is trading on the Toronto Stock Exchange under the SYM: PAA and SYM: PAAS on the NASDAQ. Founded in 1994, the company acquired its first operation, the Quiruvilca mine in Peru, in 1995. It has grown into an established and respected mine builder and operator through the acquisition and reengineering of existing mines, or through the development of late-stage exploration assets that they successfully permitted, built and put into ongoing mining operations. In two decades, with constant increase in production and reserve year after year the company has become the world’s second largest primary silver producer. Mines and Claims Pan American Silver owns seven operating mines and six development and exploration projects. All the projects and five of the seven operating mines are under 100% ownership of the company. The operating mines and development projects are all located in Mexico, Peru, Bolivia and Argentina...
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...Cardoso and Luiz Inácio Lula da Silva. * Brazil has a diversified and growing economy that plays a significant role in the global economy. Brazil is the largest economic power in Latin America and the world’s 10thlargest economy. * The country is open to and encourages foreign investment by implementing investor-friendly policies. The country is one of the world’s leading destinations for foreign direct investment. * Brazil is the fourth biggest producer of gold in the world. It has abundant reserves of natural resources and many regions are still unexplored which make the country an attractive location for mine development. * Brazil has an established Civil Law system and a modern mining legislation. * The country is a green energy leader, renewable energy supplying nearly 45% of the country’s energy needs. * Expanding into Brazil will allow Newmont to reinforce its presence in South America where its competitors are already well established. PESTEL Analysis Political Type: Federative republic (with 26 states and a federal district) Independence: September 7, 1822. Constitution: Promulgated October 5, 1988. Branches: Executive–president (chief of state and head of government popularly elected to no more than two 4-year terms). Legislative–Senate (81 members popularly elected to staggered 8-year terms), Chamber of Deputies (513 members popularly elected to 4-year terms). Judicial–Supreme Federal Tribunal (11 lifetime positions...
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