Gold has witnessed a fairly soft start today. On China economy and US housing data, the risky assets will be biggest beneficiaries while safe havens may lose a bit of sheen, says Kishore Narne, Motilal Oswal Commodity Broker. Factoring in the rupee strength, Narne advises to sell gold at Rs 30,800-30,850 per 10 gms with stop loss of Rs 36,950 for a target of Rs 30,600.
According to him, the trick will be to sell safe havens and buy risky assets or commodities. Expect further rise in Gold, Silver prices: Nirmal Bang
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