In the US, interest rates are expected to increase in the next week and before that gold glows down. In the domestic market, the price has come down to a low of 2 weeks. Actually the recovery in the dollar has come. Gold demand in the domestic market has weakened. There is a discount of about $ 1.5 on gold. Silver is also weak.
Meanwhile, this week, the RBI has banned the hedging of gold on foreign exchanges of the domestic companies. Domestic companies will not be able to hed overseas from April 1. The RBI has made changes in the rules of hedging abroad. Hedging will now be possible only on domestic commodity exchanges
Crude oil has pressure from upper level. After yesterday's recovery, crude oil is trading in very small scope. The International Energy Agency has increased its estimate on the demand for crude oil. Although it has said that its impact will not be seen on pricing, as crude production is growing rapidly in the US.
Investment Advice of Rudra Investment Stock And Commodity Expert
Gold MCX (April futures): Sell - 30350, Stoplaus - 30450, Target - 30100
Crude oil MCX (March futures): Sell - 4000, Stoploss -4050, Target - 3920
Natural gas MCX (March futures): Sell - 177, Stoplaus -180, Target - 170
Copper MCX (March futures): Sell - 450, Stoplaus - 453, Goal - 445
Zinc MCX (March futures): Sell - 210, Stoplaus - 211, Target - 208
Mustard NCDEX (April Futures): Sell - 4180, StopLoss - 4200, Target - 4120
Refined soya oil NCDEX (April futures): Sell - 786, Stoplaus - 788, Goal - 780
Guar Seed NCDEX (April Futures): Sell - 4270, StopLoss - 4300, Target - 4200
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