1:14 AM
Analyst
In the international market gold has plummeted 1200 dollar. Gold has arrived at 3-year lows. During the last trading day of the quarter, and the price of gold has fallen by nearly 25 per cent. For the current quarter, gold has proved to be the worst quarter for the past 45 years. During this year the price of gold has lost 30 per cent. Just this month, the price of gold has fallen by 15 per cent.
This decline has had on the domestic business and MCX gold is extremely close to Rs 25,000. One thing to note is that the one dollar value equal to 60 Rs has it. However, there is pressure on gold prices in the domestic market. However MCX silver is trading up 0.75 percent higher at Rs 39,019. Precious metals Gold has fall near to one percent and prices has come down at 25073.
Day Trading Calls
@ Silver Can Sell only Day trader with in Cost price 39000(5 July contract) Targets 38900, 38800 Stop Loss 39200.
@ Gold Sell but It may be risky- You can sell Gold with in Current levels 25050 targets 25010, 24970 Stop Loss 25130.
@ Sell MCX Natural gas July below 216 targets 215, 214 Stop Loss 218.
This decline has had on the domestic business and MCX gold is extremely close to Rs 25,000. One thing to note is that the one dollar value equal to 60 Rs has it. However, there is pressure on gold prices in the domestic market. However MCX silver is trading up 0.75 percent higher at Rs 39,019. Precious metals Gold has fall near to one percent and prices has come down at 25073.
Day Trading Calls
@ Silver Can Sell only Day trader with in Cost price 39000(5 July contract) Targets 38900, 38800 Stop Loss 39200.
@ Gold Sell but It may be risky- You can sell Gold with in Current levels 25050 targets 25010, 24970 Stop Loss 25130.
@ Sell MCX Natural gas July below 216 targets 215, 214 Stop Loss 218.
