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Gold Silver Rate Today 19 June 2020: Know the best trading tips from experts to earn big money in gold and silver today

Mumbai: Gold Silver Rate Today 19 June 2020: On Thursday, gold and silver closed in the foreign market with mild softness. In the previous session, gold and silver (Gold Silver Price Today) closed at $ 1,731 an ounce and $ 17.50 an ounce, respectively. On the other hand, if we talk about the domestic futures market i.e. MCX, then gold was closed around Rs 47,330 with stability. At the same time, silver was down by about 1 percent to close at Rs 47,850.

In the last session, despite lower than expected job figures in the US, rising coronavirus infection, and tensions between India and China, the prices of gold-silver (Bullion News) did not stay at the upper level. On Thursday, intraday was seen trading with fluctuations in gold and silver. Today ie Friday (June 19, 2020) in the business of gold-silver (Today Gold Silver News) to know the strategy of trading experts know from the opinions.

Opinions of experts on trading in gold and silver

According to Manoj Kumar Jain, Director (Commodity & Currency) of Prithvi Finmart Pvt Ltd, Manoj Kumar Jain, today, there is a possibility of the limited scope of business in gold and silver. On the domestic futures market i.e. MCX, gold, and silver are expected to trade in the range of Rs 46,900-47,700 and Rs 47,400-48,500 respectively.

 

According to Ajay Kedia, managing director of Kedia Advisory, buying gold on MCX in intraday at Rs 47,100 for a target of Rs 47,450-47,600 in August futures is beneficial. A stop loss of Rs 46,880 should be applied for this contract. On the other hand, by selling silver in July futures at a price of Rs 48,200, the target of Rs 47,800-47,550 can be achieved. For today a stop loss of Rs 48,600 can be put in silver.

According to Angel Broking, deputy vice president (energy and currency) Anuj Gupta, in today’s trading, gold on MCX can be purchased in August futures at a price of Rs 47,100 for a target of Rs 47,600. A stop loss of Rs 46,850 should be applied for this gold deal. On the other hand, silver can be purchased at a price of Rs 47,500 for a target of Rs 48,200 in July futures. A stop loss of Rs 47,150 should be applied for this silver deal.

According to Amit Sajeja, Assistant Vice President (Commodity and Currency) of Motilal Oswal, gold on the MCX in intraday can be purchased at August futures at a price of Rs 47,300 and can achieve the target of Rs 47,650. A stop loss of Rs 47,100 can be placed for this gold contract. On the other hand, silver can be purchased at a price of Rs 47,800 for a target of Rs 48,400 in July futures. In today’s trade, silver July futures should put a stop loss of Rs 47,400.

According to Veeresh Hiremath, head research, Karvy Comtrade, gold on MCX in intraday can be purchased in August futures at a price of Rs 47,300 for a target of Rs 47,500. A stop loss of Rs 47,200 should be applied for this gold contract. On the other hand, silver can be sold in July futures at a price of Rs 48,000 and the target of Rs 47,500 can be achieved. A stop loss of Rs 48,300 can be levied for this silver deal.

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