Gold Silver Continue Move to upper level due to global cues and other hand Gold prices found support from dollar pressure. gold prices rose sharply and went beyond 1,200 dollar. Gold Peices have jumped 5 percent under 15 days. Meanwhile, on Friday last week, the first time this year and it has seen an increase in holdings of SPDR Gold rose to 808 tonnes is reached.
Silver has gained momentum and is trading up about 0.5 percent. The silver was also supported by the base metals.
The MCX Gold in the domestic market is trading above Rs 28,500. While MCX Silver is gain nearly 1 percent. MCX silver price has risen beyond Rs 41200.
Buy MCX Gold February contract at 28,500 targets 28570, 28640 Stop loss 28421.