Daily Bullion Report for the Day of 1st March 2024

Posted by Tradelinecapital
01 Mar 2024 12:06:22 PM

Fundamentals for the Day

8.15 pm Final Manufacturing PMI

8.30 pm ISM Manufacturing PMI

Revised Consumer Sentiment

8.45 pm FOMC Member Waller Speaks

9.20 pm FOMC Member Bostic Speaks

Open Interest of Gold has increase by 13,000 lot almost from 4,11,689 to 4,24,216 volume increase by 90,000 Price increase by 12$ spike @ 7 PM yesterday this indicates Gold will move upside todays also.

Gold

Range: 62285 - 62913

Our Preference: Buy Gold 62500 with SL 62400 target 62900

Our Preference 2: Buy Gold 62285 target 62900 with SL 62100

Alternative Scenario: Sell 62913 target 62300 with SL 63100

Even though Gold make a break out on the Last day of the 29th Feb 2024 there is a very limited upside because of a Low pressure which will cause Gold to be Sell position activate near 63100 on holding basis with Risk apply above 63300+

Silver (New Contract)

Range: 72100 - 70500

Our Preference: Sell Silver 72100 target 71000 with SL 72400

Alternative Scenario: Buy Silver 71000 for target 72000 with SL 70700

Pricing

Daily Bullion Report

Quarterly 25000/-
Half Yearly 44000/-
Yearly 81000/-

Weekly Bullion Report

Quarterly 51000/-
Half Yearly 81000/-
Yearly 150000/-

Daily Forex Report

Quarterly 251$
Half Yearly 444$
Yearly 851$

Weekly Forex Report

Quarterly 300$
Half Yearly 551$
Yearly 1001$

Daily Crude Report

Quarterly 200$
Half Yearly 333$
Yearly 600$

Weekly Crude Report

Quarterly 251$
Half Yearly 444$
Yearly 851$

Weekly Crypto Report

Quarterly 200$
Half Yearly 333$
Yearly 600$

How to make Payments

Modes of payment are:

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

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Bank Details:

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

Daily Bullion Report for the Day of 1st March 2024

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