is bursa Malaysia coming out with Gold Future ETF?

What do you mean by exchange traded futures contract?

Thank you for the kind explanation. I'm investing in gold now using the maybank gold investment account. I think, it is not worthy as the bank earned a lot from it.

I see.. So are you a full time Gold trader?

When the Derivatives Gold Exchange Traded Future is out. Do I need to have a Central Depository System account to trade?

I bought it at 137.09 per gram.

From which company can I apply for the Gold Future Deravatives?

To all Sifu, which trading company do you best recommend for the application of the FGLD?

Gold premium in India, the world's largest user, climbed to a record as jeweled rushed to secure supplies to meet soaring demand during festival and weddings amid government curbs on imports. source from Bloomberg.

1340 usd/oz.. Bullish..

-A still weak US dollar - the US currency has weakened against the euro to exceed the 1.38 mark for the first time in almost two years - is one major reason why the gold price has been able to gain to around $1,340 per troy ounce this morning. As gold finds itself in increasingly tight supply in India, physical premiums there rose to as much as $120 per troy ounce at the beginning of the week, according to the All India Gems & Jewellery Trade Federation.


-If supply were to remain tight, premiums as high as $150-200 per troy ounce could be paid on the London price, for demand appears to be growing rapidly during the current festival season and ahead of the forthcoming wedding season, whereas imports are still very much limited. The Federation estimates that second-half imports could decline to just 150 tons on the back of restrictions imposed by the Indian government and central bank, following a figure of 478 tons last year. Only 5 tons of gold have been imported so far in October, despite demand totalling around 100 tons.


-At the same time, however, gold smuggling is booming. Meanwhile, there are increasing media reports that India intends to use the gold in the country's temples. The World Gold Council believes that some 2,000 tons of gold are stored in the Hindu temples. At the moment, India's Supreme Court is attempting to clarify the ownership rights. If it proves possible to get hold of this gold, the need for gold imports would decrease considerably, which would have a correspondingly negative impact on the gold price.