Any decline in Gold, Silver price is a buying opportunity: Prithvi Finmart, Check rates

gold price today 23 feb 2022

Gold Price Today, Gold News, Silver Price, COMEX Gold, MCX: Gold and silver gained on Tuesday due to safe-haven buying after escalating Russia-Ukraine tensions. Gold prices hit an eight month highs while silver prices hit four week highs due to risk aversion and geo-political tensions. Check rates of gold and silver in various cities of India. Know 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price for 23 February 2022. In spot market gold price today down Rs 300-500 per 10 gram.

Gold and Silver price Big cities 23 Feb 2022
Mumbai – 49850/64200(+GST)
Ahmedabad- 51730/66100
Chennai-51710/66250
Salem-51650/66100
Vijaywada-51670/66200
Satara-50000/65000(+GST)
Delhi- 50930/65800
Hyderabad-51100/65400
Nagpur- 50900/66700
Nashik- 50730/65500
Jalgaon- 50650/65500
Jalna- 50750/65800
Pune- 50650/65400
Jaippur- 51600/66200
Jodhpur-51600/66200
Raipur- 51150/65000
Patna- 50900/65750

Gold price today

Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 23 February 2022
23 carat gold price – Rs 50300
22 carat gold price- Rs 48800
20 carat gold price – Rs 44600
18 carat gold price – Rs 40500
14 carat gold price – Rs 31800
Gold Ginni Price – Rs.40300per 8 grams
Silver Price 999.9)- Rs 66700/kg

Gold Price Today in Dehradun 23 Feb 2022
24 carat gold price – Rs 51650 per 10 grams
23 carat gold price – 49480
22 carat gold price – 47210
20 carat gold price – 43020
18 carat gold price – 39250
14 carat gold price- 30990
Gold Ginni – 39900
Silver Price – Rs 66000 per kg
Silver Coin Price – Rs 780 per piece

Traders in the U.S. markets returned after long week-end and preferred safe-haven assets in war situation. Russia sent troops into breakaway parts of Ukraine, with Russian President Putin calling it a “peace-keeping” mission.

The U.S. and the Western countries have slapped new sanctions on Russia, including Germany halting certification on a key oil pipeline into Russia. The U.S. says that Russia is having 1,90,000 troops on Ukraine borders. The U.S. is also sending their soldiers to Ukraine to join NATO.

Gold and silver gained on Tuesday amid escalating Russia-Ukraine tensions. Both precious metals were settled on a positive note in the international markets. Gold April futures contract were settled at $1907.40 per troy ounce with a gain of 0.40% and silver March futures contract were settled at $24.31 per troy ounce with a gain of 1.34%.

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Both precious metals were also gained in the domestic markets. Gold April futures contract were settled at 50328 per 10 gram with a gain of 0.50% and silver March futures contract were settled at 64345 per one kilogram with a gain of 1.19%.

On the other hand, the U.S. consumer confidence and manufacturing PMI unexpectedly rise and cap gains of precious metals. The dollar index also gained due to safe haven buying. Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect both precious metals to remain volatile in today’s session but continue to hold its support levels.

Gold, Silver Price 22 Feb 2022, Check rates

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Jain said any decline in prices would be an opportunity for buying at lower levels. Gold is having support at $1896-1884 per troy ounce and resistance at $1922-1934 per troy ounce while silver is having support at $24.00-23.66 per troy ounce and resistance at $24.60-24.88 per troy ounce.

According to Jain at MCX gold is having support at 50050-49880 and resistance at 50550-50800 while silver is having support at 63900-63500 and resistance at 64800-65300 levels.

Manoj Jain suggest buying gold on dips around 50050 with a stop loss below 49770 on a closing basis for the target of 50700.

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Ajay Kedia, Kedia Commodity, Daily Call -23 February 2022
Buy Gold April 2022 at 50000 , Stop loss at 49750, Target 50350-50600 MCX
Buy Silver March 2022 at 63600, Stop loss at 63200, Target 64500-65000 MCX

Anuj Gupta, IIFL Sec, Daily Commodity Calls-23 February 2022
Buy Gold April at 50200, Stop loss 49850, Target 50800
Buy Silver March at 64000, Stop loss 63350, Target 65300

Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 22 February 2022
23 carat gold price – Rs 50600
22 carat gold price- Rs 49100
20 carat gold price – Rs 44900
18 carat gold price – Rs 40700
14 carat gold price – Rs 31800
Gold Ginni Price – Rs.40500per 8 grams
Silver Price 999.9)- Rs 66700/kg (Rs 700 Up)

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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. Gold Price Today will not be responsible for any loss caused to you.