Gold Price Today 15 September: Sell MCX Gold, Silver futures, says this expert as trading nearing close

Gold Price Today 15 September: Selling in October Gold futures at Rs 49500 with a stop loss of Rs 49850 and a price target of Rs 49200. As for December Silver futures, selling is suggested at Rs 57000 with a stop loss of Rs 57550 and price target of Rs 56000

Gold Price Today 15 September: As the trading session is at the fag end, traders looking to make some gains are advised to Sell MCX Gold and Silver futures on Thursday. Source: Reuters

Gold Price Today 15 September: As the trading session is at the fag end, traders looking to make some gains are advised to Sell MCX Gold and Silver futures on Thursday according to commodity and currency expert Anuj Gupta.

Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities recommends selling in October Gold futures at Rs 49500 per 10 gram with a stop loss of Rs 49850 and a price target of Rs 49200. As for December Silver futures, selling is suggested at Rs 57000 per kg with a stop loss of Rs 57550 and price target of Rs 56000.

At 9:38 pm, the October Gold futures were trading at Rs 49311 on the MCX and were down by Rs 707 or 1.4 per cent from the last clsoing price on Wednesday.

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Meanwhile the December Silver futures were tradinga at Rs 56334 and were down by 1.14 per cent or Rs 717 around this time.

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

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