MCX Report for 1st February 2023

Insignia Consultants

Wednesday, February 1, 2023  TIME 8:19 AM IST



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.

READ Full Mcx Report For 1st February 2023 here