Gold Rate today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 13 July 2022, Monday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart and Anuj Gupta of IIFL Sec on gold and silver. Check 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price. Check update on gold, silver price outlook for COMEX.
Gold and silver plunged again amid the dollar index hit twenty one year highs and crossed 108 marks on Tuesday. Strength in the dollar index punishing most of the global currencies and precious metals. Gold prices hit nine month low and silver prices slipped to two year low in the international markets.
Crude oil prices also crashed on Tuesday due to rising covid-19 cases in Asian countries and also pushed precious metals lower. Global stock markets were mostly down ahead of the U.S. inflation data. The U.S. CPI inflation is expected to 8.5% in June on year on year against 8.6% in the month of May.
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The U.S. Federal Reserve remains hawkish after last week’s U.S. job report and could raise further 75 basis points in its next policy meetings. Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says gold and silver continue to struggle amid strength in the dollar and further weakness can’t be ruled out. Gold is having support at $1714-1700 per troy ounce and resistance at $1734-1745 per troy ounce while silver is having support at $18.65-18.40 per troy ounce and resistance at $19.20-19.55 per troy ounce.
Jain said at MCX, gold is having support at 50300-50100 and resistance at 50650-50800 while silver is having support at 56100-55500 and resistance at 56850-57200. He suggest selling gold on rise around 50600 with a stop loss of 50800 for the target of 50220.
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Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 13 July
Sell Gold Aug at 50600, SL 50950, TARGET 50000
Sell silver Sept at 56900, SL 57900, TARGET 55500
Sell MCX COPPER july AT 635, SL 643, TARGET 620
Buy crude oil July at 7500, SL 7350, TARGET 7900
Buy usdinr july at 79.40, SL 79.20, TARGET 80.10
Gold Hallmarked Jewellery Rate per 10 gm in Chandigarh 12 July 2022 (Gold Price Today)
23 carat gold price – Rs 50500
22 carat gold price – Rs 49400
20 carat gold price – Rs 44700
18 carat gold price – Rs 40500
14 carat gold price – Rs 32100
Sone ki Ginni ka Bhav – Rs 40700/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 59300/per kg
Note: The prices being given to you on Gold Price Today are taken from different jewellers and bullion associations of the country. The price of gold, silver in your city may fluctuate as the local jewelers add GST, making charges and hallmarking charges to the gold price. Many jewelers also charge a premium for their shop. Therefore, there is a difference in the price of gold and silver at the shop in bullion.
Disclaimer: This article is written for informational purposes only. This is the opinion of the expert. If you make any investment, first take the advice of your financial advisor. Individuals associated with Gold Price Today do not personally buy, sell or trade gold/silver.
