Commodity Bets: Expert views on gold, silver and copper

Naveen Mathur of Angel Broking recommends buying MCX gold contract for the month of June at around Rs 28,550 per 10 grams to Rs 28,580 per 10 grams levels. He suggests placing a stop loss at around Rs 28,450 per 10 grams and expects targets to be in the range of Rs 28,790-28,800 per 10 grams levels for the day.

Sumeet Bagadia of Destimoney feels that copper has given its pull back rally but he doesn’t think that prices would be able to sustain at these levels. He advises using rise in prices till Rs 423 per kilogram or Rs 425 per kilogram as selling opportunity with a stop loss to be placed at Rs 432 per kilogram levels for the downside target of Rs 414 per kilogram and below that Rs 405 per kilogram in next one or two days. For intraday traders, Ashish Shah of Sushil Global Commodities suggests buying gold on current levels and dips to Rs 28,650 per 10 grams with stop losses below Rs 28,580 per 10 grams for a target price of Rs 28,800-28,850 per 10 grams. Ashish Kyal of CommTrendz sees silver moving in a consolidation phase between Rs 56,000 per kilogram and 57,000 per kilogram levels. He advises buying silver on dips to Rs 56,300 per kilogram with Rs 56,000 per kilogram as a stop loss and a probable target of around Rs 56,900-57,000 per kilogram levels.