There is a slight increase in gold and silver in the domestic futures market. On the Multi Commodity Exchange (MCX), gold jumped up by Rs 24 or 0.04 per cent to Rs 31,441 per ten grams, around 11.30 a.m. on Monday. On the MCX, silver for July futures rose by Rs 47, or 0.13 per cent, to Rs 36,293 per kilogram.
Amit Sajeja of Motilal Oswal says that the possibility of falling interest rate in the US has strengthened the dollar. This has reduced the price of gold in the global market. The spot price of gold in the international market has dropped below $ 1275 per ounce.
The effect can also be seen in the domestic futures market. Sell gold at MCX at Rs 31500 Put a stoploss at a price of Rs 31620. In today's session, gold prices could show a level of Rs 31,280 per ten grams. Gold prices in the international market have slumped about 5 percent since February.
Research head of Brokerage firm Karvy Stock Broking, Ravi Singh also advised to sell gold. They say that the sale of gold at MCX is sold at around 31500 rupees in June contract. Put Stoplaus at a price of Rs. 31650. Gold prices can fall to Rs 31,000 per 10 grams in two seasons.
Amit Sajeja of Motilal Oswal says that the possibility of falling interest rate in the US has strengthened the dollar. This has reduced the price of gold in the global market. The spot price of gold in the international market has dropped below $ 1275 per ounce.
The effect can also be seen in the domestic futures market. Sell gold at MCX at Rs 31500 Put a stoploss at a price of Rs 31620. In today's session, gold prices could show a level of Rs 31,280 per ten grams. Gold prices in the international market have slumped about 5 percent since February.
Research head of Brokerage firm Karvy Stock Broking, Ravi Singh also advised to sell gold. They say that the sale of gold at MCX is sold at around 31500 rupees in June contract. Put Stoplaus at a price of Rs. 31650. Gold prices can fall to Rs 31,000 per 10 grams in two seasons.
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