Bullion looking firm, buy on dips: Emkay Commodities

Ashok Mittal, CEO of Emkay Commodities advocates buy on gold and silver on dips. "Gold and silver are looking firm on the international market. In the Indian market, we think Rs 29,500 per 10gm is a good level to buy," he said in an interview to CNBC-TV18.

While buying gold, one can keep a stop loss at Rs 29,350 per 10gm and target at Rs 29,850 per 10gm. Buy silver at Rs 54,000-53,750 per kilogram with a target of Rs 55,300 per kilogram and a stop loss of Rs 53,500 per kilogram, he elaborated.

Meanwhile, base metals have been a little more volatile than precious metals, so they should remain supported. Buying on dips is recommended, he said. "Buy on copper at Rs 417 per kilogram with a target of Rs 424 per kilogram and a stop loss of Rs 412 per kilogram."

Watch video for his bets