Views on Bullion Outlook By Anuj Gupta, IIFL Securities
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Below are Views on Bullion Outlook By Mr. Anuj Gupta, Vice President, IIFL Securities
Last week gold prices increased by 0.17% and closed at 50913 levels and on spot market it increased by 0.21% and closed at $1856.80 levels.
Silver prices increased by 1.15% and closed at 62116 levels.
Bulliins were trading positive last week. Weakness in dollar and lowee bond yield supports the gold and silver prices.
For trading perspective traders can buy gold at 50700 with the stoploss of 50450 for the target of 51200 levels.
They can also go for buy in silver at 62000 with the stoploss of 61400 for the target of 62900 levels.
Gold may test $1880 levels and silver may test $22.50 levels soon.
Above views are of the author and not of the website kindly read disclaimer
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