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Gold Price on Monday: Outlook positive says expert; BUY Gold, Silver futures at these levels

July 11, 2021

Mumbai-India (July 11) MCX August Gold Futures were trading at Rs 47,910 on Friday around closing time, getting expensive by Rs 189 from last closing price on Thursday. His strategy for Monday is to Buy at Rs 47,700. Source: Reuters

 
Gold and Silver futures ended this week on a positive note with Gold futures closing with gains of Rs 189 per 10 gram from the closing price on Thursday while Silver futures were expensive by Rs 273 per kg. Expert Anuj Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities remains bullish on bullion and recommended buying in yellow metals.

MCX Gold Trading Strategy   

 

MCX August Gold Futures were trading at Rs 47,910 per 10 gm on Friday around the closing time, getting expensive by Rs 189 or 0.40 per cent from the last closing price on Thursday. His strategy for Monday is to Buy at Rs 47,700. He puts the stop loss at Rs 47,400. He puts the target price at Rs 48,500.  

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