A
weak trading has been seen in Gold-silver in the international market
.On Tuesday, gold in the domestic market declined 0.5 per cent to
close at Rs 29759, while silver was flat with a turnover close to Rs
53360.
Today,
Gold started with positive note and silver made a negative opening.
Bullion prices are likely to remain range bound until some major
break through.
Technically Gold requires 30000 level to be breached to get bullish momentum
while silver needs to be above 54500 for the same. Traders however
can adopt buy on dips strategy for these precious metals.
After
gaining significantly yesterday, MCX crude started off the day with
negative note. We expect crude prices may take support near 5130-20
level so traders can buy around these levels. A trade below 5100 can
initiate free fall in crude oil.
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