Gold Rate today | Silver price | Gold | Silver | MCX Gold price |: Gold and Silver price update for 14 March, 2023 Tuesday. Check 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price in various cities of India. Know outlook on gold and silver by India’s Big commodity experts like Manoj Jain, Prithvi Finmart and Anuj Gupta of IIFL Sec on gold and silver.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart gold and silver showed solid strength on Monday and gold prices crossed $1900 per troy ounce and silver prices also crossed $21.64 per troy ounce after SVC bank fallout in the United States. Gold at six week highs and silver is also at nearly one month highs, banking crisis in the U.S. supported safe-haven buying in precious metals.
The dollar index plunged again and slipped below 103.30 while 10-year bond yields crashed and slipped below 3.60%. The U.S. Fed Chairman said that we are watching the situation and there is a possibility for no more rate hikes after the latest banking crisis. Goldman Sachs is expecting no more rate hikes from the U.S. Fed in the upcoming policy meetings and there is a possibility for 50 basis points rate cuts by end of the year 2023.
Jain expect gold and silver to remain highly volatile in today’s session ahead of the U.S. inflation data. Gold prices sustain above $1920 could show further strength towards $1945 and silver sustain above $22 could test $22.80 levels. Gold has support at $1900-1884, while resistance at $1928-1945 per troy ounce.
According to Jain silver has support at $21.64-21.20, while resistance is at $22.20-22.80 per troy ounce. At mcx, gold is having support at 57330-57080 and resistance at 57880-58200 while silver is having support at 66000-65200 and resistance at 67350-68100. He suggest buying gold on dips around 57300 with a stop loss of 56950 for the target of 58000 and buying silver on dips around 66000 with a stop loss of 65200 for the target of 67600.
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 14 March 2023 (Gold Price Today)
23 carat gold price – Rs 57200/10 gm (Rs 900 Up)
22 carat gold price – Rs 54800/10 gm
20 carat gold price – Rs 49800/10 gm
18 carat gold price – Rs 45000
14 carat gold price – Rs 35400
Sone ki Ginni ka Bhav – Rs 45300/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 68300/per kg (Rs 3400 Up)
Gold Rate Today in Dehradun (14 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 59250 per 10 grams
23 carat gold price (958 Hallmark gold price) – 56760
22 carat gold price (916 Hallmark gold price) – 55170
20 carat gold price (833 Hallmark gold price) – 49360
18 carat gold price (750 Hallmark gold price) – 45030
14 carat gold price (583 Hallmark gold price) – 35550
Price of gold ginni (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 45770
Silver Price – Rs 68000 per kg
Silver Coin Hallmarked – Rs 800 per piece
According Ajay Kedia, Director of Kedia Commodity gold on the MCX is approaching a lifetime high again (can test Rs 60,000.00 mark) as wild swings in Fed expectations and concern about the spread of Silicon Valley Bank’s (SVB) bankruptcy prompted buying. Monday’s move put gold firmly above the psychologically important $1,900 level, which may inspire some bullish confidence among technical traders. Prices also sliced above the 50-day Simple Moving Average (SMA).
According to Kedia considering the sharp move higher from last week, a pullback may be warranted. If so, prices may hold support around the 50-day SMA and $1,900 level before resuming the upward trend. Traders are advised to hold or to take long positions as long as prices are holding above $1892.00 represents a major condition to continue the expected rise, reinforcing the expectations of continuing the bullish trend domination in the upcoming week, reminding us that our next targets begin at $1928.60 followed by $1960.00.
He saide traders on MCX have to look for a Rupee move also considering same we see as long as prices are above the Rs 56900 mark current trend will dominate in the upcoming week, reminding us that our next targets begin at Rs 58100 followed by Rs 59000.
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 14 March 2023
Buy MCX GOLD APR AT 57300, SL 57000, TARGET 57900
Buy MCX Silver may 66000, SL 65400, TARGET 67200
Buy MCX COPPER AT 755, SL 750, TARGET 765
Buy MCX CRUDEOIL MAR AT 6050, SL 5950, TARGET 6250
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 13 March 2023 (Gold Price Today)
22 carat gold price – Rs 53900/10 gm
18 carat gold price – Rs 44300
14 carat gold price – Rs 34800
Sone ki Ginni ka Bhav – Rs 44700/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 65900/per kg
Gold Rate Today in Dehradun (13 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 58500 per 10 grams
23 carat gold price (958 Hallmark gold price) – 56040
22 carat gold price (916 Hallmark gold price) – 53490
20 carat gold price (833 Hallmark gold price) – 48730
18 carat gold price (750 Hallmark gold price) – 44460
14 carat gold price (583 Hallmark gold price) – 34100
Price of gold ginni (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 44880
Silver Price – Rs 65000 per kg
Silver Coin Hallmarked – Rs 770 per piece
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.
