MENU

Published on 23/11/2020 11:54:42 AM | Source: Angel Broking Ltd

Last week gold prices down by 1.52% and closed at 50,212 levels By Anuj Gupta, Angel Broking

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Below are Views On Last week gold prices down by 1.52% and closed at 50,212 levels By Mr. Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd

“Last week gold prices down by 1.52% and closed at 50,212 levels and silver corrected by 2.58% and closed at 62,158 levels due to development on the front of corona virus vaccination and it is expected that the vaccine may start to distribute from this Mid Dec. Supply also expected to rise in the coming days from the major gold mines as workers may return and resume production of the metal. Hopes over a potential vaccine against the covid19 virus  might weigh on the yellow metal prices. As for today traders can go for sell in gold at Rs 50400 levels with the stop loss of Rs 50600 levels for the target of 49800 levels. They can also go for sell  in Silver at Rs 62,400 levels, with the stop loss of 63100 levels and for the target of 61000 levels.”

 


Above views are of the author and not of the website kindly read disclaimer