Gold bounces from 11-mth Low, regains Rs 28,000 on global cues

4 days after the fall of gold rose, rose to Rs 475 across 28 thousand price rose

Better shopping and global cues due to a substantial increase was seen in gold Tuesday. Delhi spot market, gold closed at Rs 475 per ten grams to Rs 28025.

MCX Free Tips: With this in silver gained Rs 550 per kg, and after several days it surpassed the level reached 39,000.

Had lost Rs 400 in last 4 days

Gold prices in the last four days, there was a slowdown of Rs 400.

Increase in the international market

Best Stock Advisory: Gold prices in the international market on Tuesday also saw an increase. In Singapore, gold rose by 0.94 per cent to close at 1138.90 an ounce. Meanwhile, silver rose by 0.83 per cent and 15.88 per ounce fell. 

Trading Range of Gold, Crude and Silver

• Gold trading range for the day is 26859-27575. 
• Crude oil trading range for the day is 3589-3725 
• Silver trading range for the day is 38410-39778. 

Investment Advisory Company CALL:- 

BUY SUNTV 480 CALL

ABOVE 10.20

TG1 11

TG2 12.70

SL 8.20

Gold-Silver Trading Range for the Day

Gold trading range for the day is 27380-27726.

Gold dipped somewhat ahead of key two-day meeting of U.S. Fed that is expected to deliver the second interest rate rise in a decade.

MCX Free Tips: Fed’s Charles Evans said that it was “still early to have a good idea of what fiscal policies and other events are going to mean.”

Reflecting lackluster sentiment, holdings of the SPDR Gold Trust, holdings are down over 9 pct since November.

Silver trading range for the day is 40534-42110.

Silver dropped as investors turned their attention to the outcome of the Federal Reserve’s two-day meeting.

The Fed is widely predictable to hike rates for the first time in a year on at the end of its meeting, with investors pricing in a 100% possibility of a raise.

Holdings at ishares silver trust dropped by 0.53% i.e. 56.04 tones to 10664.32 tons from 10664.32 tones

Watch today's intraday stock call

CALL:- BUY SHILPA MED

ABOVE 695

TG1 710

TG2 725

SL 678.20