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Sell gold, buy crude, says Aurobinda Prasad Gayan

Updated : May 22, 2018 01:16:13 IST

"Dollar appreciation is having a good impact on gold and silver and at the international market, we are almost down by $10 and its repercussion on the Indian market is also visible," said Aurobinda Prasad Gayan of Kotak Commodities.

In the Indian market, around Rs 31,000 level should be a good level to go short for the active June contract and have a target of Rs 30,800. If that is broken, another Rs 100 downside could be expected, he said

Gayan also recommended buying crude at around Rs 4,850.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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