Shreekanth Jha of PJ Commodity Ventures advises selling gold on MCX at Rs 31,100 per 10 grams. Jha‘s target for this trade is at Rs 30,850 per 10 grams.
He has a buy call on both silver and gold. One can buy silver MCX March contract at Rs 55,500 and gold MCX March contract at Rs 27,900.
In an exclusive interview with CNBC-TV18, Shreekant Jha of PJ Commodity Ventures says that he sees commodities in a side to upward trend. He sees gold to rise to Rs 22,000 and expects crude to run up to USD 140 during the year.