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"The precious gold is crawled up but economic recovery hopes limited gains in the global and local market. The precious gold prices, in the International market, are $1672.40 and it gains $1.90 with 0.11% rate. While the silver (comex) price is down and having $-0.13 loss in its prices and currently its prices is $31.83 in the U.S. (global) market and due to this economic situation of Gold and silver in the U.S. Market, it also affects the Indian commodity market today."
SELL GOLD FEB BELOW 30040 TGT30010, 29980, 29950 SL 30090
SELL CRUDE FEB BELOW 5175 TGT 5165, 5155, 5145 SL 5190
The Indian mcx commodity exchange is overall in loss and it also suffers from the economic problem in the market. Somewhere in the Indian market, the effect of global precious metals is work in the declining rates of the gold and silver prices. The gold price is 30055 Rs and having profit of +20 Rs in its prices and not showing any moments at now in the exchange. The silver prices are also steady and red today and having loss of 105 Rs in the opening price and currently its price is 58313 Rs.
The crude prices are down by 9 Rs in the domestic market exchange while it prices are also suffering from loses in the global market and affects the trading prices in India. Crude prices are $97.52 and having $0.25 loss in its prices at global market while in the local market, is is not grooming or not moving up and down and gives steady loss from last 15 minutes and it has 5179 Rs price and loss of 9 Rs.