Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group | Comex Group Gold Price | London Spot: Gold Price, Silver price update for 14 July 2023, Friday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart, Ajay Kedia, Kedia Commodity and Anuj Gupta of IIFL Fin Sec, Nirmal Bang Securities, Kotak Securities, Motilal Oswal Financial Services, SMC Global Securities and Geojit on Comex 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.
Comex Groupp Gold and silver extended its gain after easing U.S. inflation in June month and the dollar index slipped to 15 month lows. The dollar index slipped below 100 marks and the U.S. 10-year bond yields also slipped below 3.80% and supported gold and silver prices. Silver prices hit two month high and gold prices also reached nearly one month high on Thursday. Easing U.S. inflation increased hopes that the U.S. Fed is controlling inflation without bringing down U.S. economy in to recession. The U.S. Fed could also end its interest rate hike cycles soon after easing inflation and continue to support commodity prices.
Manoj Kumar Jain, Director, Prithvi Finmart
‘We expect gold and silver prices to remain positive in the upcoming sessions amid weakness in the dollar index and gold prices could test $1988 per troy ounce and silver could test $26.00 per troy ounce. Gold has support at $1950-1934, while resistance at $1974-1988 per troy ounce. Silver has support at $24.60-24.35, while resistance is at $25.25-25.60 per troy ounce.
Comex Gold and Silver Update by Nirmal Bang Securities 14 July 2023
Gold prices are likely to take support around 1925-1918 and test 1940-50. We are recommending to buy on dips around 1925 for a target of 1940-45.We recommend buying around 23.20-15 for a target of 23.45-23.50.
Geojit London Gold Spot Technical Commentary 14 July 2023
Gold LBMA Spot: While prices stay above $1940 expect buying momentum to continue the day. Immediate downside reversal point is placed at Rs 1900.
Silver LBMA Spot: Expect to continue the positive bias initially. Break below $23 is a weak signal.
Data to Watch Today 14 July 2023 (India Time)
14th July 6:00 PM United States Import Prices m/m -0.1% -0.6% Low
14th July 7:30 PM United States Prelim UoM Consumer Sentiment 65.5 64.4 High
14th July 7:30 PM United States Prelim UoM Inflation Expectations – 3.3% Medium
Gold Ratio
Gold Silver Ratio: 78.71
Gold Crude Ratio: 25.54
Nirmal Bang Securities Gold Fundamental Outlook For 14 July 2023
Gold and silver prices are trading higher on international bourses. We expect gold to trade higher for the day as cooler-than-expected US inflation data that boosted optimism the Federal Reserve’s rate-hiking campaign may be nearing an end
Geojit MCX Gold Technical Commentary
Gold KG Aug: Consistent trades above Rs 59500 is required to trigger another round of bullish rallies. Else, choppy trades expected the day.
Silver KG Sep: Expect buying momentum to continue while prices stay above Rs 72500. A direct dip below Rs 68000 is a sign of major downside reversal.
SMC Global Securities Views on MCX Gold and Silver 14 July 2023
‘Gold may trade in the range of 59000-59400, Silver also trades in the range of 75000-75600 where buying near support is advised. Gold
prices on Friday were set for their biggest weekly gain since April, as the U.S. dollar hovered close to a more than one-year low on bets
the Federal Reserve will soon hit the brakes on interest rate hikes.’
Daily Commodity Calls Nirmal Bang Securities 14 July 2023
BUY GOLD AUG (MCX) AT 59150 SL 58950 TARGET 59450/59600
BUY SILVER SEPT (MCX) AT 75000 SL 74200 TARGET 76000/76500
Manoj Kumar Jain, Director, Prithvi Finmart 14 July 2023 Views
‘At mcx, gold is having support at 59050-58880 and resistance at 59440-59700 while silver is having support at 74700-74220 and resistance at 75850-76500. We suggest buying gold around 59050 with a stop loss of 58850 for the target of 59550.’
Gold Price Today in Carats, fineness and Purity:
24 carat gold price today (Purity 999)- Rs 60500/10 Gram
22 carat gold price today (Purity 916) – Rs 55900/10 Gram
18 carat gold price today (Purity 750) – Rs 46200/10 Gram
14 carat gold price today (Purity 585) – Rs 36100/10 Gram
Silver Price Today (Purity 999) – Rs 73000 per kg
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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 jewellers add GST, making charges and hallmarking charges to the gold price. Many jewellers 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: The information presented in this article is i intended for informational purposes only and reflects the views of the expert. Prior to making any investment decisions, it is recommended that you seek the advice of a financial advisor. The individuals affiliated with Gold Price Today do not engage in the personal buying, selling, or trading of gold/silver. We cannot be held liable for any gains or losses incurred.
