Ritesh Gandhi, senior research analyst, Commodity & Currency at Anand Rathi Commodities in an interview to CNBC-TV18 gave views and outlook for commodities like gold and copper.
Gandhi recommends buying gold on dips and believes that if ECB cuts interest rates or shows signs of monetary easing then it would be supportive bullion. "We would look to buy into dips close to Rs 29,200 per 10g targeting about Rs 29,500-29,600 per 10g in the domestic markets," he added. Further, he feels that the positive outcome of the EU summit will also to push the copper prices higher. "We are watching out levels of Rs 413-414 in the domestic market. A break above Rs 413 should see prices rising to about Rs 420 or even Rs 425," he added. Below is the edited transcript of GandhiDiscover 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!
