"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.
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