Daily Bullion Report for the Day of 12th Dec 2024

Fundamentals for the Day

6.15 pm ECB Main Referencing Rates

Monetary Policy Statement

7.00 pm PPI & Core PPI m/m

Unemployment Claims

7.15 pm ECB Press Conference

9.00 pm Natural Gas Storage

11.31 pm 30-y Bond Auction

US CPI - Inflation Rate has hike by 0.10% to 2.70%
Which Cause to Gold move upside
COMEX Gold is SPOT & Future has been get has increase by 70$ & now 35$
Sudden Premium upside in Future has increase the chances for upside move in Gold till 2790$ in Future

Gold

Range: 2723$ - 2790$

Immediate Range: 2740$ - 2790$

Range: 78270 -

Our Preference: Buy Gold 78650 with back up buy 78270 with SL 78150 target 79800

Alternative Scenario: Sell Gold 79900 with SL 80100+ only if sustain target will update later

Silver

Range: 95500 - 98200

Our Preference: Buy Silver 96200 target 98000 with back up Buy 95800 SL 95500

Comex Silver future Buy 33$ Back up Buy 32.81$ target 33.90$ with SL 32.75$

Pricing

Online transfer
Cash
Online payment by credit card and Debit Card - Currently disabled as per new circular by SEBI

If you have any queries WhatsApp:

Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current