The MCX gold was flat at Rs 28,360 per 10 grams, reversing from an early high of Rs 28,425. It may go up due to weaker dollar after easy monetary policy proposed by Feb. It will be better to Buy gold on dips to Rs 28, 2090 with a stop loss of Rs 28,000 and targeting Rs 28,600. Due to competeness for funds globally gold and dollar moves in opposite directions.
MCX Silver Tips
-Mcx Silver for May delivery was steady at Rs 27,720 per 10 grams.
-Buy Silver on dips to Rs 57,500-57,550 for a target of Rs 58,000 to 58,500.
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