Weakness in the dollar index and the decline in global equity markets has been witnessed bullish trend in gold. April futures on the Multi Commodity Exchange, MCX Gold rose by Rs 232 to Rs 29,198 / 10 grams, silver rose by Rs 211 March futures at Rs 37,192 / kg.
MCX Gold on the Nymex gained $ 10 to $ 1,220 / oz and silver trading at $ 0.10 with a gain of 15.29.
NCDEX crude prices in international markets is putting pressure on the domestic market. MCX crude March contract declined by Rs 52 to Rs 2,277 / barrel. Nymex crude fell $0.45 is trading at $32.94 barrel. The Indian crude oil basket price rose by 19 cents to $ 31.26 / barrel.
BUY CRUDEOIL ABOVE 2303, TGT1: 2367.72, TGT2: 2392.6, TGT3: 2472.6, SL: 2263
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