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Weekly Range

October 28, 2014

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Copper 398 - 420
Crude 4867 - 5211

Zinc 129 - 142
Nifty (Spot) 7750 - 8099

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UAE opens world’s first gold ATM

ABU DHABI : World’s first Gold ATM started functioning at Abu Dhabi's Emirates Palace Hotel. The gold to go machine, developed by Germany's TG-Gold-Super-Markt, dispenses 24 carat one gram, five gram and 10 gram pieces of gold as well as coins bearing designs such as the Krugerrand, Maple Lea and Kangaroo. A computer in the machine, itself gold-plated, constantly keeps prices in line with the firm's online store. Gold rates are constantly updated inside the machine in the hotel's lobby, courtesy of a built-in computer connected to a dealer which sells gold online. This eliminates the risk premiums usually associated with precious metal trading," the German company said. Last May the company showcased a machine at Frankfurt railway station and claimed it would install 500 of them ATMs in Germany, Switzerland and Austria.

Sell Call of Axisbank All Targets Hit 1414 - 1370-1340-1290

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