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GOLD WILL FLUCTUATE TODAY

On Thursday, Gold futures are likely to fluctuate showing both downward and upward trend in New Delhi. Gold steadied globally after dollar moderation. A global drop in stock market is likely to notice today. Though after RBI’s new policy to cut repo rate can show good impact in the Indian stock market. Globally, due to downward trend dollar is likely to fall and gold on an average, can show rise today. Bullion counter is likely to show a sideways moment. MCX Gold can reach to Rs 31,450 from Rs 31,800. Silver can witness a down level of buying at Rs 37,500 taking support at Rs 37,000. Yesterday, spot gold declimed by 0.24 percent in global market. US-China trade deal can fluctuate the precious metal until the whole matter is resolved.

Currently Gold is trading at Rs 31,821 per 10 grams and Silver is trading at Rs 37,432 per kilo on MCX. (Data recorded at 4pm IST).