Due
to Strengthening of the rupee against the dollar, MCX Gold and Silver
prices have declined significantly. Silver has lost more than 1% and
trading below 52400 level while Gold has come down to 29780 level.
Crude
oil has also suffered much as rupee has witnessed some strenth
against dollar. Crude has been declined nearly 1.80% and it seems to
slip down below 4500 level. Base
metals have also declined nearly 1%. MCX copper is trading at 413 and
it has dropped by 1%.
Gold Silver Trading Strategy- :Since near term trend of Gold is intact so one can adapt buy on dips strategy in Gold. Silver can be accumulated at around 52150-52000 level.
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