Gold price today, Silver price, COMEX Gold, MCX Gold price: Gold, Silver price update for 21 march 2022, Monday. Know Views of India’s Big commodity experts like Manoj Jain of Prithvi Finmart, Ajay Kedia of Kedia Commodity 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 Price Today, 21 March 2022,
City—————-Gold——–Silver
Mumbai———-51190——67300
Ahmedabad— 53090——69700
Chennai———53130——69700
Salem———–52880——69600
Vijayawada—-52980——-69500
Nagpur———-51500——-68000
Nashik———-51450——67600
Nanded———51300——67800
Jalgaon———51200——67500
Badaun———53260——70600
Dehradun——52900——-69000
Chandigarh—-50700——-70000
Gold and silver plunged last week after the U.S. Federal Reserve raised key interest rates by 25 basis points and also gave signals for 6 more rate hikes in the upcoming policy meetings. The U.S. Federal Reserve Chairman also showed concerns about higher inflation and lower economic growth due to the ongoing Russia-Ukraine war.
Ceasefire talks between Russia-Ukraine failed last week once again and Russia also escalated the war after the Ukrainian President talked about being a part of the EU. Coronavirus cases in most of the countries are rising again and China locked down some of the cities last week.
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According to Manoj Jain, Director of Commodity and Currency in Prithvi Finmart looking at the geo-political tensions, rising coronavirus cases, tightening monetary policies by global central banks and rising global inflation could continue to keep precious metals volatile.
Jain said at COMEX gold and silver could hold its key support levels of $1884 per troy ounce and $24.40 per troy ounce respectively on a weekly closing basis. At COMEX Gold has support at $1910-1896, while resistance at $1934-1945 per troy ounce. Silver has support at $24.84-24.40, while resistance is at $25.55-25.80 per troy ounce.
He says MCX, gold have support at 51220-51000 and resistance at 51660-51880 while silver have support at 67400-67100 and resistance at 68200-68800. We suggest buying gold on dips around 51250 with a stop loss below 51000 on a closing basis for the target of 51700 and also recommend buying silver around 67400 with a stop loss below 67000 on a closing basis for the target of 68500.
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Anuj Gupta, IIFL Sec, Daily Commodity Calls 21March
Sell Gold Apr at 51500, Stop Loss 52000, Target 50800
Sell Silver May at 68500, Stop Loss 69300, Target 67000
Sell MCX COPPER Mar AT 820, Stop Loss 823, Target 805
Sell crude oil Mar at 8000, Stop Loss 8250, Target 7500
Sell USDINR Mar AT 76.10, Stop Loss 76.40, Target75.50
Ajay Kedia, Kedia Commodity, Daily Commodity Calls 21 March
BUY GOLD Apr 2022 at51400, stop loss 51100, Target 51750-51980
BUY SILVER May 2022 at 67800, Stop Loss 67300, Target 68400-69000
Gold Price per 10 gm in Lucknow 20 March 2022
24 carat gold price – Rs 53700
22 carat gold price- Rs 52200
18 carat gold price – Rs 47400
Silver Price – Rs 69500/kg
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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.