Today the moment in gold and silver is working not very high ,is gone with a small point .yesterday gold is closed at Rs 31208 .everyone is waiting for the fiscal cliff result ,what happen and did it affect the bullion price.. This are the question hits in the mind of trader and financial Guru. Gold price is going down by 10 point at 2:10 pm today; the movement is expected after 03 pm on the February contract. The movement in silver is not expecting from the last week but it can we expected the good moment today , silver goes 84 point high from its previous close at Rs 61347 at 2:15 pm. Currently silver is in very good position to trade. Meanwhile the global bullion is taking too much up and down in the last week. Crude oil for February delivery is rise up 15% in the New York, Meanwhile china is expected to consume 9.9 barrels per day for the last 3 month of this year. Crude oil for December delivery on the MCX is traded positive in the market tomorrow is the last day of contract, crude jump 28 point high on the MCX at 2.26 pm.
In the Indian house hold grocery rate is increased by 15 percent despite of weak demand. FMCG product is going high again and government is sitting by putting a hand on hand. This will surely affect the consumer household activity.
Buy gold tgt 31275..31325….31400………..sl 31858
Buy silver tgt 61500….61600….61700…….sl 60900
Buy crude oil tgt 4770….4785……….sl 4720