Daily Bullion Report for the Day of 7th Oct 2024

Fundamentals for the Day

10.30 pm FOMC Member Bowman Speaks

11.20 pm FOMC Member Kashkari Speaks

Till the time Gold do not cross 2685$ in spot price it won't be able to jump upside anymore & will try to touch 2615$ near by. Here 2670$ around is a good selling point with jobbing booking 2640$.
Upside Buy above 2686$+ for target 2725$ only

Gold

Range: 76500 - 75225

Our Preference: Sell Gold 76550 with SL 200 point target 75850 & 75250

Alternative Scenario: Buy Gold 2630$ Spot 75535 with SL 75300 target 76250

Trading Zone

75700 Buy @ 1st stroke with SL 100 point

Silver

Range: 94123 - 91700

Our Preference: Sell Silver 94123 with SL 94500 target 92000

Alternative Scenario: Buy Silver 91750 with SL 91400 target 93200

COMEX Silver in case break above 33.51$+ in future will straight move upside 38$ with open Buy zone

Pricing

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

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