Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group: Comex Gold Price, Silver price update for 2 May, 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 and Research Head of Commodity and Currency says ”gold and silver showed very high volatility and slipped from their highs after better than expected U.S. ISM manufacturing PMI and construction spending data. The dollar index also gained amid expectations of further Fed rate hikes and eased safe haven demand of precious metals.” US Federal Reserve meeting is starting from today. The outcome of meeting will come on May 3.
Jain Said ”gold prices sustain below $2,000 per troy ounce and silver is also facing resistance around $25.80 per troy ounce in the international markets. The U.S. Fed’s stance on future rate hike plans and fresh developments on the U.S. banking crisis could be directional for precious metals.
Accordint to Kedia Advisory report ”Chinese dealers charged premiums of $2-$9 an ounce over global benchmark spot prices. Turkey’s central bank is offloading its gold reserves to help meet high domestic demand after curbing precious metals imports in February. The central bank’s data showed that gold reserves fell 9% in the last seven weeks. Turkey also sold 15 tonnes of gold in March, the World Gold Council reported”
Jain expect ”gold and silver prices to remain volatile in today’s session ahead of the U.S. Fed monetary policy meetings and gold could face steep resistance around $2022 per troy ounce and silver could also face resistance around $25.80 per troy ounce.”
Manoj Jain said ”gold has support at $1980-1968, while resistance at $2004-2022 per troy ounce. Silver has support at $25.00-24.65, while resistance is at $25.55-25.80 per troy ounce. At mcx, gold is having support at 59600-59330 and resistance at 59920-60100 while silver is having support at 74800-74450 and resistance at 75950-76600.” He suggest ”selling gold on rise around 59950 with a stop loss of 60180 for the target of 59450.”
Anuj Gupta, VP, IIFL Sec, Daily Commodity Calls 2 May 2023
BUY MCX GOLD JUNE AT 59500, SL 59250, TARGET 60200
BUY MCX Silver may 76000, SL 75450, TARGET 77500
BUY MCX COPPER May AT 745, SL 739, TARGET 755
BUY MCX CRUDEOIL May AT 6100, SL 5980, TARGET 6350
KEDIA ADVISORY Daily morning calls as on Tuesday, May 2, 2023
SELL GOLD JUN 2023 at 60000, SL 60300, TGT 59600-59400.MCX
SELL SILVER JUL 2023 at 76000, SL 76800, TGT 75200-74500.MCX
BUY CRUDEOIL MAY 2023 at 6100, SL 6020, TGT 6180-6250.MCX
BUY NAT GAS MAY 2023 at 186.00, SL 181.00, TGT 192.00-196.00.MCX
BUY COPPER MAY 2023 at 745.00, SL 740.00, TGT 752.00-758.00.MCX
BUY ZINC MAY 2023 at234.00 ,SL 231.00, TGT 238.00-240.00.MCX
BUY ALUMINIUM MAY 2023 at 208.00, SL 205.00, TGT 212.00-214.00.MCX
BUY LEAD MAY 2023 at 183.00, SL 182.00, TGT 184.00-185.00.MCX
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 1 May 2023 (Gold Price Today)
24 carat gold price – Rs 61800/10 gm
22 carat gold price – Rs 57100
18 carat gold price – Rs 46900
14 carat gold price – Rs 36900
Sone ki Ginni ka Bhav – Rs 47200/ per 8 grams
Silver Price – Rs 76400 Per KG
Gold Rate Today in Dehradun (1 May 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 61900 per 10 grams
23 carat gold price (958 Hallmark gold price) – 59300
22 carat gold price (916 Hallmark gold price) – 56600
20 carat gold price (833 Hallmark gold price) – 51560
18 carat gold price (750 Hallmark gold price) – 47040
14 carat gold price (583 Hallmark gold price) – 37140
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 47820
Silver Price – Rs 76000 per kg
Silver Coin Hallmarked – Rs 880 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.