Bullion Index
The Benchmark index witnessed a Flat Opening on 12/12/25 and remain on higher side till evening session on fall in dollar index towards straight 3rd weekly loss added by continue to bet on FED rate cut move and Silver which hit fresh all time high on strong fundamentals, while in evening profit booking seen at higher level after Silver in domestic future market hit above 2Lakh mark first time and which all resulted in index close near days low and almost Flat over previous day close.
Now, Index has Support 31600-30800-30400 as long hold, more upside expected towards 33200-33500 in short term. Other side only Sustain below 30400 seen 29800-600-300-28900- 500-100-27800-400 in days to come.
Price is trading above short term 13-days SMA and RSI at 72 mark with Upward slope indicates more rook for Upside in the counter. Other side above zero line MACD seen buying support at every fall.
Metals Index
The Benchmark index seen a Flat Opening on 12/12/25 and remain on sideways to higher side till evening session on strong fundamentals especially for Copper which hit all time exchange high early in session and gain in Zinc added by fall in dollar index and demand optimism after China likely to pledge more stimulus next year to revive economy, while in evening after rebound in dollar index profit booking & long unwinding seen ahead of weekend and which all resulted in index close near days low and well below over previous day closing.
Now index has a Support at 20000-19700, as long hold, more Upside expected towards 20800- 21000 in medium term. While on lower side only sustain below 19700 seen 19000-18300- 17500-17300 again in days to come.
Price is trading above short term 13 SMA while RSI at 68 marks with Upward slope indicates mix of the view in the counter. Other side above zero line MACD indicates more buying seen at every dip in the counter.
Technical Levels
| Commodity | Contract Month | CLOSE | S1 | S2 | R1 | R2 | Trend |
|---|---|---|---|---|---|---|---|
| BULLIONS(Rs.) | |||||||
| Gold M | Jan. | 131645 | 130400 | 130000 | 132400 | 133400 | BULLISH |
| Silver M | Feb. | 193543 | 190700 | 189000 | 195000 | 197500 | BULLISH |
| Energy | |||||||
| Crude Oil | Dec. | 5228 | 5180 | 5100 | 5280 | 5340 | SIDEWAYS |
| Natural Gas | Dec. | 376.50 | 368 | 360 | 387 | 395 | BEARISH |
| BASEMETALS | |||||||
| Copper | Dec. | 1096.80 | 1080.0 | 1068 | 1110 | 1125 | BULLISH |
| Zinc | Dec. | 316.70 | 314.0 | 310.0 | 321.0 | 325.0 | BULLISH |
| Lead | Dec. | 181.95 | 180 | 177 | 183 | 185 | BULLISH |
| Nickel | Dec. | 1280.50 | 1300 | 1250 | 1400 | 1450 | SIDEWAYS |
Vibhu Ratandhara
Digitally signed by Vibhu Ratandhara Date: 2025.12.15
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