MCX Commodity Tips : Gold Silver Outlook

Commodity market today opens on a firm note. On the international market, bullion metals gold and silver trading down on the back of stronger dollar.  Low demand in China due to Lunar New Year holidays can push prices down.  Gold in India is likely to move down. However the downside will be limited due to a weaker rupee. Gold for April delivery on the Multi Commodity Exchange (MCX) was 0.28 percent up at INR 30,796/10gms.

MCX Gold Tips :- BUY MCX gold at Rs 30,650 per 10gm, stop loss for this trade below Rs 30,520 per 10gm and expect target of Rs 30,850-30,930 per 10gm

MCX Silver Tips :- Sell MCX silver at Rs 59,000 per kilogram with a target of Rs 58,000 per kilogram.

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