2. HEADLINES
Gold prices may touch Rs 35,000 per 10 gram
Gold prices may be the party pooper this dhanteras -
the traditional buying season for thousands of Indian
households - with several analysts betting that the
yellow metal is expected to touch Rs 35,000 per 10
gram.
TRADING TIPS:
On Thursday, the precious metal gained Rs 320 to Rs
Sell Crude brlow
32,300 per 10 gram in the Delhi market and has gained
5315 Rs 1,555 in the last fortnight in the wake of continued
uncertainty in Europe. In Mumbai, gold climbed up by
TGT 5290/5275
Rs 220 to end at Rs 31,700 per 10 gram from
SL 5340 Wednesday's closing level of Rs 31,480. In the
international market, the yellow metal hit a six-month
high of $1,701 an ounce, and is now twice as precious as
it was in 2008, when the global financial crisis hit the
economy.
PAST
Silver's overbought but not yet overdone:
PERFORMANCE Analysts
Sell Crude Below A trend channel may support silver prices even though
the market is the most overbought on a technical basis
5305 since April last year, just before the market crashed
TGT 5285/5270 from record highs, chart watchers said.
SL 5330
NOT EXECUTED
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