On November 12th, Indian gold saw a positive opening in the international markets.
Experts say that Gold could turn volatile and may face resistance above Rs 51,000.
December gold contracts were trading higher by 0.27 per cent.
December silver was trading 0.16 per cent.
On Wednesday, both gold and silver settled on a weaker note in the international markets.
In the domestic markets, precious metals also settled on a weaker note and rupee was also weak.
Manoj Jain said in a speech that we expect both the metals gold and silver tobe volatile.
Global equities outperformed again after news of the COVID-19 vaccine.
Along with global investors booking profits in the precious metals and moving to riskier assets again.
Let’s see some of the training strategies:
1. Sriram Iyer:
International gold and silver fell on Wednesday hurt by a stronger dollar around a potential COVID-19 vaccine.
On Wednesday in domestic markets silver fell tracking overseas prices.
Domestic market could trade flat this Thursday morning, tracking a normal start in the overseas prices.
Gold December can see downside momentum in the coming session.
Silver December yesterday did not manage to sustain above Rs 63000 also showing a downside momentum.
Check all the recent news updates and share market updates