Commodity market, precious metals gold and silver decline prices. After 2 PM Gold Silver red flag, MCX Gold Feb contract 45 Rs down at trading prices 30929 Rs and Silver Mar 98 Rs down with trading prices 58372 Rs.
Indian Rupee today weak, now 0.24 or 0.43 per cent down with 54.99 Rs. therefore gold silver prices down and base metals nearly down trends, Crude oil 4 Rs down on selling pressure.
Gold Feb buying trends above 31,000 and selling pressure 30800. Gold Buy above 31,000 targets 31,030/31,060/31,110 Stop loss 30,900.
Silver Feb Selling pressure below 58300 targets 58250/58200/58150 Stop loss 58400
MCX Base metals on selling pressure, Copper, Aluminum, Zinc, Nickel but lead buy position.
Jeera Mar Sell below 14500 Stop loss 15680 targets 14380
Soybean Feb Sell below 3090 Stop loss 3120 targets 3060
Kapas Apr Sell below 945 Stop loss 951 targets 935/925