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Insignia Consultants
Wednesday, February 1, 2023 TIME 8:19 AM IST
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MCX REPORT
Speculation is there for a custom duty cut in gold imports between 2.50% to 5:00%. IF GOLD CUSTOM DUTY IS NOT CUT, THEN GOLD AND SILVER HAVE TO TRADE OVER YESTERDAY’S LOW OF 56627 AND 67613 TO BE IN A SHORT TERM BULLISH ZONE.
Zinc February 2023: (CMP Rs.296.20)
- Zinc can rise to 301.60 as long as it trades over 295.00.
- There will be a sell off only if zinc trades below 295.00.