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Published on 8/07/2020 1:13:17 PM | Source: Angel Broking Ltd

Gold increased by 1.19% to 48800 levels and silver increased by 0.83% to 50202 levels by Mr. Anuj Gupta, Angel Broking

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Below is the Quote on Bullions Mr. Anuj Gupta  DVP Commodities and Currencies Research, Angel Broking Ltd.

“Yesterday bullion were traded on a higher side. Gold increased by 1.19% to 48800 levels and silver increased by 0.83% to 50202 levels. Safe heaven demand is rising due to increase corona virus cases in the world.Economic slow down and global growth forecast lower by IMF also supportive for the Bullions. We expect gold and silver may traded on a positive note today. Silver may take positive cues from base metals also as base metal segment also increased sharply in last couple of days. For intraday traders gold can buy at 48400  to 48500 levels with the stop loss of 48100 levels and for the target of 49200  - 49300 levels. For silver traders can go for buy at 49900 to 50000, with the stop loss of 49450, and for the target of 50800 to 51000 levels.

In international market gold may test $1820 levels and silver may test $ 18.80 levels soon.”

 

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