Nifty Targets for week May 20 - 24.....

Nifty did go below 6037 last week and hit T2 target given here but from there again hit its upward journey to hit 6200 as discussed here in the weekly study....

For this week also Nifty is looking strong with first target of 6226, 6300 and 6349 the all time highs....

The first sign of weakness will be below 6151 but real weakness is only below 5980 still......so below 6151 it is 6132, 6074, 6038 and 5980.....

Nifty Targets For Week May 13 - 17.....

Nifty last week hit T2 and there by giving 100+ points above our Bull level....

Nifty is in full strength and it can go on to hit 6200 and 6281 the other targets given here last week....
Only on nifty falling below 6037 will it bring weakness now to pull it back to 6003 , 5981 and 5948.....

Nifty Targets For Week May 6 - 10......

Nifty last week also hit T3 going above our weekly bull level and that is precious 100 points profits......

For this week 6026 and 5867 are the turning points.....

Below 5900 Nifty becomes weak and going below 5867 it can go to 5824, 5769, 5710 and 5667.

Above 6026 only Nifty will regain strength to hit 6068, 6123, 6200 and 6281.

Nifty Targets For First Week Of May....

Nifty hit T3 above the BULL Level given here....

For this week 5920 and 5791 are the levels to watch....

Above 5920 Nifty can go to 5968, 5993, 6006 and 6077....

Below 5791 only it can become weak now for targets of 5765, 5730, 5708 and 5664.

Nifty targets For April 22 - 26......

Nifty last week was all bull and could go 175 points above our bull level....
For this week 5797 and 5666 are the important leves....

Above 5797 its 5833, 5878, 5916 and 5967.....

Only below 5666 its weak for 5630, 5585, 5540, 5500 and 5453.....

Nifty Weekly Targets

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GOLD IN $/Ounce

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GOLD IN Rs/Gm

Rupee V/S $

WGC FEED

OUNCE/TOLAS/GRAMMES

Bar Weights
Gold bars can be denominated in different units of weight to accommodate the preferences of different geographical regions:
Grammes - International
Ounces - Mainly English-speaking countries: USA, UK and Australia
Tolas - Mainly India, Pakistan, Middle East, Singapore


Gold Weight Conversion Table


100 g............3.2151 OZ

1 oz...............31.1035 g

10 tola..........116.638 g........3.75 OZ


Melting Point Of PURE GOLD & Other Caratage

Melting point of pure gold (24Ct) is around 1064 Degree c.But for the other gold alloys melting point is so complex that we can generalise it for working with the alloy.To reduce the caratage copper and silver are mainly used.The melting point varies very much with the change of composition of copper and silver in the gold.Below given is the melting point of gold alloys which may not be correct scientifcally but can be used by people working with the metal.







Melting Point of 24 Ct Gold 1064 Degree celsius



23Ct -----------------------1015

22 Ct----------------------- 980

20 Ct -----------------------950

18 Ct -----------------------926

16Ct ------------------------905

14 Ct----------------------- 880

9Ct------------------------- 825 Degree celsius

GOLD SOLDERS -Making and Composition Of Different Carat Gold Solders

Soldering is a process in which two or more metal items are joined together by melting and flowing a filler metal into the joint, the filler metal having a relatively low melting point .The filler metal is the Solder.The solder is really a mixture of the metal of the articles to be soldered with other metal or metals that has lower melting points. In Gold and Silver the solder has very large importance as in jewellery making the solder has to be of the same purity as of the parts to be soldered.So we require seperate gold solders for each gold purity,that is for 22Ct we need 22Ct gold solders and for 21Ct we need solders that is 21Ct. Below given is a tipcal gold solders used in Indian Hand Made Jewellery for different purity Jewellery.The given mixture is for making 10Gms of solders for the said purity.







Solder Purity -Gold 24Ct +Indium +Zinc+ Silver + Copper

( For 10 Gms. solder )


23Ct ------- 9.580 + 0.200 + 0.100 + 0.060 + 0.060

22Ct ------- 9.166 + 0.300 + 0.200 + 0.168 + 0.166

21Ct------- 8.750 + 0.500 + 0.400 + 0.175 + 0.175

20Ct------ 8.330 + 0.800 + 0.400 + 0.200+ 0.270

18Ct------ 7.500 + 1.000 + 0.500 + 0.200 + 0.800

14Ct ------ 5.840 + 1.000 + 1.000 + 0.000 + 2.160

9Ct------ 3.750 + 1.000 + 2.000 + 0.000 + 3.250




The Properties of the Element Gold

Name of Element : Gold
Symbol of Element : Au
Atomic Number of Gold : 79
Atomic Mass: 196.96655 amu
Melting Point: 1064.43 °C - 1337.5801 °K
Boiling Point: 2807.0 °C - 3080.15 °K
Number of Protons/Electrons in Gold : 79
Number of Neutrons in Gold : 118
Cubic Density @ 293 K: 19.32 g/cm3
Color of Gold : Soft yellow

KARAT?????????????

Did you know? by Steve Austin Karats are often mistaken to be a weight measure used by jewelers. Instead karats are a measure of gold's purity.Pure gold is too maleable to be used as-is by jewelers: a ring made of pure gold would bend and loose its shape and be impossible to wear. So jewelers "dillute" gold by mixing it with other stronger metals. One Karat measures the fineness of gold in 1/24 part which is 4.2%. Hence a 18 karat gold ring is made of 18/24 parts of gold, or 75% gold and 25% other metals.Metals added to gold are of cheaper value, so for equals weight, the price of a jewelery item goes up when the karat count goes up too

$ versus AU

Gold vs. Dollar
Was it a mistake? The recent trend of world economies is to "diversify away from US dollar investments". To put it another way, world economies are loosing faith in the dollar because the US finances its trade imbalance by printing more and more bills. As goes the common saying "A tree does not grow to the sky" : printing more and more paper money does not increase worth forever and eventually the tall tree falls.
As world economies reduce their dollar reserves, gold is regaining favor as a safe bet. China and India, huge exporters and holders of US currency are both avid buyers of gold. There the ever-more affluent middle-class consumes a large portion of the gold market via jewellery. To some extend wealth flows away from the dollar into gold.
In China and India, gold is a keeper whereas dollars are not. Ultimately the two fastest growing economies may set the standard and history as to which asset will measure wealth and so far gold comes well ahead.

GOLD IN THE LAST FEW YRS


If all the gold mined over the last 6,000 years were gathered and melted down, it would form a cube with sides of no more than 20 yards.

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