Gold recovery has come down from this year’s low level. Gold prices have gone up to $ 1,220 in the global market. Tomorrow gold fell below $ 1210. Silver is also trading at around 1% in silver. The price of silver has come to $ 16. In fact, the dollar has declined and that is why gold and silver prices have got support in the global market. Today is the speech of Federal Reserve Chairman Janet Yelen in the US, which is the eye of Puri world. At the moment, gold is trading at around 27900 rupees with an increase of 0.25 per cent on MCX. Silver is up by 0.7 percent and is trading above Rs 37,000.
Meanwhile, there is a great recovery in crude oil too. Brent crude has risen about 1.5 percent to $ 48, while WTI crude is trading above $ 45. In fact, the crude stock in the US has fallen to 81 lakh barrels.
Gold MCX (August futures): Buy – 27800, Stoplaus – 27685 and Target – 28000
Silver MCX (September futures): Buy – 36750, Stoplaus – 36500 and Target – 37250
Crude oil MCX (July futures): Buy – 2940, stoploss – 2900 and target – 3000
Natural Gas MCX (July Futures): Sell – 196.5, StopLoss – 199 and Target – 192.4