Kishore Narne, Associate Director, Head - Commodity & Currency of Motilal Oswal Commodity advises buying MCX gold. "Gold is stuck in a small range for a few days and we expect this range to continue. Around Rs 29,300 per 10gm as a support and probably Rs 29,600 per 10gm has been the resistance," he says.
He recommends buying gold close Rs 29,300-29,350 per 10gm with stop loss at Rs 29,280 per 10gm and a target close to Rs 29,580-29,600 per 10gm. Narne also recommends buying silver with a target of Rs 55,100 per kilogram and a stop loss of Rs 54,380 per kilogram. "Silver is also stuck in a range of Rs 54,000 per kilogram on the lower side and Rs 54,600 per kilogram on a higher side. One should be buying anywhere close to the lower end of the support for the day". Watch video for his betsDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
