Gold may start weak in Commodity indian market as asian shares took a drop in last day. The gain in rate of assuring opposed to Spanish debt and drop in US customer confidence catalog took a cost on the asian marketMCX Gold for June month delivery may start at Rs 28,491/10g against last week clost of Rs 28,588. In indian share market it started out at Rs 2,764/10g against past close of Rs 2737. Dollars condition stays powerful.
The rupee value against dollars will play an important part in identifying yellow metal costs in India. If it abates, gold costs in India would down less in comparison to international market
Precious metal in US market was at $1650 a troy ounce. In Comex, it shut at $1650 an ounce.
Best Market Strategy
Precious metal resistance around Rs 29,000/ 10grams and if you want sell then sell it around Rs 28,750/10 grams and keep a targets of Rs 28,500-28,250/ 10 grams.
For more information please fill our commodity tips free trial form
