Rudra Investment Commodity Tips Expert Says
After the well-built improvement of yesterday, gold has come under judicious
pressure from the higher level. In the global market, its price is lower than $
1230. Indeed, the trend of investors in gold has increased a bit, with the fall
in the stock markets universal. So, in the global market yesterday, gold went
up to 10 weeks at the upper level. The holdings of SPDR Gold increased by about
2 percent.
Even in India gold is trading approximately
the record level. However, there is a stable progress in silver. At the similar
time, after the pressure of tomorrow, light revival has come in crude oil.
Brent has a price of $ 81. While trading in NYMAX crude for $ 71, On the London
Metal Exchange, the price of copper was broken by 1 percent due to the threat
of a trade war between the US and China. There is a small weakness in the rupee
against the dollar today. The dollar price is near Rs 73.90.
Investment Advice of Commodity
Tips Expert
Silver MCX (November futures): Buy - 38800/38900
rupees, target - 39400/39500 Stop loss – 38600
Gold MCX (December futures): Buy - 31950/31980
rupees, target - 32200/32300 Stop loss - 31800
Copper MCX (October futures): Buy - Rs 453/454, target
- 461/462 Stop loss - 450
Crude oil MCX (October futures): Sell - 5320/5330
bucks, target - 5220/5210 Stop loss – 5390
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