Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group: Gold Price, Silver price update for 25 April, Tuesday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart, Market and Commodity Expert Sugandha Sachdeva, Ajay Kedia, Kedia Commodity and Anuj Gupta of IIFL Fin 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 Group and MCX.
Manoj Jain, Director in Prithvi Finmart says ”gold and silver recovered from their lows on Monday after the dollar index and the U.S. 10-year bond yields dips. The dollar index slipped below 101 marks during the session and the U.S. 10-year bond yields also slipped below 3.50% and supported gold and silver prices.
Jain said ”gold prices test $2,000 per troy ounce and silver also tested $25.50 per troy ounce levels. The dollar index and U.S. bond yields slipped ahead of the U.S. quarterly GDP data scheduled to be out later this week. Despite possible rate hikes from the U.S. Fed, dollar index plunged again and supported precious metals. Market is fearing a U.S. economic slowdown and higher inflation and supporting safe-haven demand for precious metals.
Ravindra V.Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities said ”still, elevated core CPI and hawkish speeches from policymakers prompted bets for another quarter point rate hike during the May FOMC meeting. The prospect of further hikes and higher rates for longer theme has been keeping a lid on non-yielding bullions.”
Rao said ”investors now await crucial economic data from US, including the US GDP on Thursday and the PCE price index on Friday, for more cues on Fed’s future policy. Central banks from the Fed to ECB are all expected to raise interest rates when they meet next week, in a move to curb the inflation, which might act as a short term headwind for gold prices”
Jain expect ”gold and silver prices to remain volatile this week amid volatility in the dollar index and uncertainty over Fed rate hikes; the U.S. GDP data could give more clarity on Fed rate hikes. Gold is expected to hold $1984 per troy ounce and silver could hold $25 per troy ounce levels in today’s session. Gold has support at $1984-1972, while resistance at $2014-2022 per troy ounce. Silver has support at $25.24-25.00, while resistance is at $25.84-26.00 per troy ounce.”
He said ”at MCX, gold is having support at 59800-59580 and resistance at 60220-60500 while silver is having support at 74450-73900 and resistance at 75500-76100. We suggest buying gold on dips around 59800 with a stop loss of 59580 for the target of 60400 and also suggest buying silver around 74550 with a stop loss of 73900 for the target of 75750.”
Rahul Kalantri, VP Commodities, Mehta Equities said ”gold has support at $1982-1970 while resistance is at $2005-2014. Silver has support at $25.08-24.82, while resistance is at $25.38-25.55. In INR terms gold has support at Rs 59,780-59,650, while resistance is at Rs60,240, 60,490. Silver has support at Rs74,520-73,980, while resistance is at Rs75,550–75,910.”
Anuj Gupta, VP, IlFL Fin, Daily Morning Calls 25 Apil, 2023
BUY MCX GOLD June at 59700, SL 59450, TARGET 60200
Sell MCX Silver may 74500, SL 73850, TARGET 75500
Buy MCX Crudeoil May at 6400, SL 6250, TARGET 6650
Buy MCX COPPER APR AT 754, SL 750, TARGET 765
Kedia Advisory Daily Morning Calls, Tuesday, April 25, 2023
SELL GOLD JUN 2023 at 60350, SL 60550, TGT 60000-59800.MCX
SELL SILVER MAY 2023 at 75500, SL 76200, TGT 74700-74000.MCX
SELL CRUDEOIL MAY 2023 at 6550, SL 6650, TGT 6450-6350.MCX
SELL NAT GAS MAY 2023 at 208.00, SL 214.00, TGT 202.00-196.00.MCX
BUY COPPER MAY 2023 at 753.00, SL 748.00, TGT 758.00-762.00.MCX
BUY ZINC MAY 2023 at 237.00, SL 234.00, TGT 241.00-243.00.MCX
SELL ALUMINIUM MAY 2023 at 214.00, SL 218.00, TGT 210.00-208.00.MCX
SELL LEAD MAY 2023 at 185.00, SL 186.00, TGT 184.00-183.00.MCX
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 25 April 2023 (Gold Price Today)
23 carat gold price – Rs 59900/10 gm
22 carat gold price – Rs 57400
20 carat gold price – Rs 52100
18 carat gold price – Rs 47200
14 carat gold price – Rs 37100
Sone ki Ginni ka Bhav – Rs 47400/ per 8 grams
Silver Price – Rs 76600 Per KG
Gold Rate Today in Dehradun (25 April 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 62000 per 10 grams
23 carat gold price (958 Hallmark gold price) – 59400
22 carat gold price (916 Hallmark gold price) – 56690
20 carat gold price (833 Hallmark gold price) – 51560
18 carat gold price (750 Hallmark gold price) – 47120
14 carat gold price (583 Hallmark gold price) – 37200
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 47900
Silver Price – Rs 77000 per kg
Silver Coin Hallmarked – Rs 890 per piece
Note: The prices being given 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 in gold/silver.
