Gold and silver remain under pressure in the third consecutive day today. The last trading day of the week and weekly unemployment figures released today in the U.S. are due. Currently, MCX gold is trading at Rs 28,519 with slight weakness. 0.24% , while silver is trading at Rs 42360.
MCX aluminum has gone beyond Rs 111. The Copper is trading above Rs 405. Although nickel is idling. But in early trading above Rs 1,080 levels of nickel touched. Looking at the 0.2% lead and zinc.
Jeera and soybean futures expiry date is April. Before the May futures on NCDEX Jeera has gone beyond Rs 10,000. Export demand is expected to grow at lower levels. Soybean prices in the international market had touched the upper end of 9 months. Soybean prices in the domestic market currently was close to Rs 4,450.
SELL GOLD Below 28525.00 target 28500/28450/28400 with Stoploss 28550.00
SELL COPPER Above 405 target 403.50/402/399 stoploss 408.00