te Russia-Ukraine War: Amid crisis, earning opportunities lie in these domains - Zee Biz Exclusive | Zee Business

Russia-Ukraine War: Amid crisis, earning opportunities lie in these domains - Zee Biz Exclusive

Where are the earning opportunities in Gold, Silver, and Metals, Zee Business anchor Neha Anand brings this exclusive report.

Russia-Ukraine War: Amid crisis, earning opportunities lie in these domains - Zee Biz Exclusive
Gold price has jumped by Rs 1000, crossing Rs 51,500 intraday. Silver jumped Rs 1100 to cross Rs 65,700.

Russia-Ukraine War: The commodity market is booming right now. Gold price has jumped by Rs 1000, crossing Rs 51,500 intraday. Silver jumped Rs 1100 to cross Rs 65,700. Where are the earning opportunities in Gold, Silver, and Metals, Zee Business anchor Neha Anand brings this exclusive report.

What type of movement may be seen in the gold price from here, given that it has reached a high of 9-9.5 months?

There are two major factors, according to Suresh Mehata, Secretary of the IBJA. The fear of inflation, as well as geopolitical tensions and trade barriers, continues due to the way the commodities market has exploded. Looking at this, it seems that gold has been recorrected at the bottom, where the price now stands at $223. However, geopolitical tensions will continue to rise from here. Gold appears to have a positional target of $2150, with a range of $1923 to $1976 for intraday trading.

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What should be the gold and silver approach at this time?

Dharmesh Bhatia of Emirates NBD remains to be bullish on gold and recommends buying. According to him, gold might reach 552 thousand levels and silver could reach 67 thousand levels in the near future.

What would be the optimum levels to invest in metals if one had to?

Russia is a major participant in nickel and aluminum, according to Sunil Katke, Head Commodities Retail Business at Kotak Securities. The existing circumstance suggests that the trend will continue to be favorable. That's why he advised investors to purchase at this time's price. In today's trading session, each of these commodities is up 2.5 percent. Nickel, he claims, may reach levels of around 1930, while aluminum can reach levels of around 285. As a result, both can benefit from buying at the current price.

Is there any chance of purchasing copper, zinc, or lead right now?

Bhatia is leaning toward the lead, stating that the lead is stuck at 180 and lacks enough energy to indicate that the market is bullish. When comparing Lead and Zinc, the price of Zinc-Lead is still trading at a difference of Rs 100, and the price of Lead-Zinc is between Rs 180 - Rs 190 levels. Copper, on the other hand, will continue slow, as it is already trading at a price of 10 years high and it may be further impacted by inflation. As a result, I'll lean more toward buying aluminum and nickel, said Dharmesh Bhatia.

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Written By: ZeeBiz WebTeam
Edited By: Prashant V. Singh
Updated: Thu, Feb 24, 2022
03:27 pm
ZeeBiz WebDesk
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