Mumbai: Gold Silver Rate Today 9 June 2020: On Monday, there was a recovery from the low level of gold-silver (Gold Silver Price Today) in the foreign market. In the previous session, gold and silver closed above $ 1,700 per ounce and $ 17.84 an ounce respectively in the overseas market. On the first trading day of the week, the prices of gold and silver rate were recorded strong at around 1 percent and 2 percent respectively.
Experts say that with the opening of the world economy and the strengthening of the global stock markets, the chances of a rise in gold and silver are less. Today ie on Tuesday (June 9, 2020) in the business of gold-silver (Today Gold Silver News), the strategy of the stalwarts is known by the experts.
Experts’ perspective on trading in gold and silver
According to Manoj Kumar Jain (Commodity and Currency), Prithvi Finmart Pvt Ltd, Manoj Kumar Jain, gold and silver are expected to fluctuate in today’s session. He says that there is a possibility of trading in MCX gold in the range of Rs 45,800 to Rs 46,330. At the same time, silver is expected to trade in the range of Rs 47,750 to Rs 48,650. They say that in today’s session, gold and silver can be seen trading on both the fast and the bearish side.
According to Ajay Kedia, managing director of Kedia Advisory, for today, gold on MCX can be purchased in August futures at a price of Rs 45,800 for a target of Rs 46,100-46,350. A stop loss of Rs 45,600 should be applied for this gold deal. On the other hand, silver can be purchased in July futures at a price of Rs 47,850 for a target of Rs 48,250-48,600. A stop loss of Rs 47,500 should be applied for this silver contract.
According to Angel Broking Deputy Vice President (Energy and Currency) Anuj Gupta, buying gold on intraday MCX in August futures at a price of Rs 45,800 for a target of Rs 46,400 is beneficial. A stop loss of Rs 45,500 can be levied for this gold deal. On the other hand, silver can be purchased at a price of Rs 48,000 for the target of Rs 48,800 in July futures. For this silver contract, you can put a stop loss of Rs 47,450.
According to Veeresh Hiremath, Head Research, Karvy Comtrade, in today’s trading, gold on MCX can be purchased in August futures at a price of Rs 46,000 for a target of Rs 46,400. A stop loss of Rs 45,850 can be applied for this gold contract. On the other hand, silver can be purchased at a price of Rs 48,100 for a target of Rs 48,700 in July futures. For today a stop loss of Rs 47,900 should be put in silver.