Free Advisory on Gold , Silver and Crude Oil

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It depends on the purity of your gold jewelery . If you have 100 gm 22 kt gold jewelery than the calculation would be
100 * 91.6 * 11700 = 107,172.
I hope it helps.

Regards,
Ankit
 
Gold is in bearish zone.It will take support around 850 $. One can short at cmp with a stop of 905 $ .

@ amarnath,
Thanks for the link. Never know that there is an Indian community forum for base metals.
 
Hello Vipin,

Thanks for your advisory. Gold has retraced its gains of the bull market from the lows of 1999-2001, and is now below 200DMA of $800. Once it breaks $780, it could test $738 (38% retracement). But silver has retraced 50% of its bull market.

Do you have any idea why silver is dropping faster than gold? Will it be the first one to rise? Usually such a fast drop is associated with an impending recession I am told. What's your take on that?
Paresh
 
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