Gold and Silver trading Today
Today
the movement in Gold was very slow.Both in International and domestic
market, gold is trading in a small range. Rupee has weakened nearly 1
per cent against the dollar. Even after this Gold in the domestic
market has not been strong.
Silver
is trading with an increase. MCX silver climbed up 0.3 per cent and
reached a level of Rs 53,300. In COMEX Silver rose about 1.5 per
cent.
Trend in Base Metals
All
base metals except nickel are accelerating.. Lead, zinc and aluminum
are 1 percent up.
Copper
boost up a little.
Trend in Agri- commodities
Agri
commodities: turmeric is 4 per cent upper circuit. Since Friday last
week the Special Cash margin of 20 per cent was in the turmeric.
Despite this there is continued volatility in turmeric. But compared
to the spot futures prices are down considerably.
In
Case of spices there is a continue increase in the cumin spices.
Cumin is about 3 per cent. Also, stand fast in soybean.
The
experts advise investors
Copper:
Sell - 424.50, stoploss of Rs - 428 goals - 420
Crude
Oil: Sell - 4760, stoploss of Rs - 4800, Target - 4703
Castor
seed (August futures): Buy - 3415, stoploss of Rs - 3350, Target -
3550
Red
pepper (August futures): Buy - 5300, stoploss of Rs - 5200, Target -
5500
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