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GOLD MCX

Last updated : 09 May 2019

One of the precious and oldest metal is GOLD. Our exchange allowed trading in Gold. Right now GOLD lot size is 100. One can trade in GOLD MINI (10 GRAMS), GOLD PETALS (1 GRAM), GOLD GUINEA also. Exchange defined some margin to trade in these commodities which varies time to time as per volatility. Normally, GOLD margin more than 1.25 lacs for carry forward and GOLD Mini required Rs. 15000 to Rs. 18000. These margin amount changed everyday as per closing price of GOLD

Latest View on GOLD MCX

09 May 2019 : GOLD closed yesterday at 31685. We have seen level of 31900+ in gold but profit booking started from higher levels and it came down to below 31700 and closed below 31700 level. Today it is sustaining above 31800. It made high of 31894 till now. On the upper side we can see 32050 to 32090 level in Gold in coming days. 31600-31650 now good support now. GOLD 32000 call and GOLD 31500 put hedge will be good in this situation.

 

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