Recovery has come in Gold and Silver today. The domestic market is trading at around 0.5 percent in both. Indeed, the tension between the United States and North Korea has increased again. At present MCX Gold is trading 0.6 percent higher at Rs 29,740. Silver is trading at around Rs 39,898 with a strength of about 1 percent.
There is a possibility of increasing demand for jewellery in the domestic market. In fact, the Government has thrown jewellery business out of money laundering law. That is, now the customer’s KYC will not be required to buy jewellery worth Rs 50,000. He will not have to show a PAN card. Customers will now be able to purchase jewellery of up to Rs 2 lakhs comfortably. I.e., without the hassle of buying a gold jewellery purchase of 15 grams weighing without the PAN card, the 70 gm can now be used to buy jewellery without pan Card.
Intraday MCX Gold Tips Free
Sold MCX Gold December future below 29,740 targets 29690, 29640 Stop Loss 29,811.