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Commodity bets: Buy gold & silver; sell copper & nickel

Commodity experts are upbeat on gold & silver, they advise buying them. However, they recommend buying gold on dips.

June 06, 2013 / 12:32 IST
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Ravindra Rao of Motilal Oswal recommends selling nickel at Rs 882 per kilogram for a target of Rs 860 per kilogram.

Expect gold to fall on import restrictions by RBI: Emkay Dharmesh Bhatia of Kotak Commodities suggests buying gold at Rs 27,200 per 10gm with a stop loss of Rs 27,000 per 10gm and targets around Rs 27,500-27,650 per 10gm  Dipen Shah of Stayvan.com advises buying silver. "Dips in prices around Rs 44,050 per kilogram should be bought with stop loss of Rs 44,900 per kilogram and expect Rs 44,800 per kilogram to Rs 44,900 per kilogram in the intermediate term," Shah adds. Renisha Chainani of Edelweiss advocates selling copper at Rs 419 per kilogram with stop loss of Rs 422 per kilogram and target of Rs 415 per kilogram on lower side.
first published: Jun 6, 2013 12:32 pm

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