Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group: Gold Price, Silver price update for 27 April, Thursday. 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 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.
Manoj Jain, Director in Prithvi Finmart and Commodity Research Head says ”gold and silver showed profit taking in highly volatile markets ahead of the U.S. quarterly GDP data. The U.S. bond yields also gained ahead of the US data and pushed precious metals lower. Gold prices slipped below $2,000 per troy ounce levels once again.
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Jain said ”the U.S. consumer durable goods and core durable goods orders data released on Wednesday was also better than expected and increased possibility of Fed rate hikes and also cap gains of precious metals. However, weakness in the dollar index and brewing banking crisis in the U.S. supporting safe-haven demand of gold. The U.S. based first republic bank stock plunged more than 50% in last two trading session and signaled that banking crisis is not yet over.
Manoj Jain expect ”gold and silver prices to remain volatile in today’s session ahead of the key U.S. data. Gold and silver prices continue to shows both side movements ahead of the US data.” US GDP data to be released today around 6 PM India Time (08:30 AM USA Time)
According to Jain ”gold has support at $1984-1972, while resistance at $2010-2022 per troy ounce. Silver has support at $24.80-24.40, while resistance is at $25.40-25.84 per troy ounce. At mcx, gold is having support at 59700-59440 and resistance at 60060-60280 while silver is having support at 73350-72700 and resistance at 74450-75100. He suggest selling silver on rise around 74400 with a stop loss of 74950 for the target of 73300.”
Ravindra V.Rao, VP-Head Commodity Research in Kotak Securities said ”gold prices edged higher on Thursday morning, as renewed concerns over the US banking sector improved the conviction that the Federal Reserve might have to hit the pause button sooner. US bank regulators are weighing placing borrowing curbs on First Republic Bank after it reported earnings that fell far short of analyst’s estimates, sending jitters through markets and causing its shares to plunge about 64% over the past two sessions.
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Rao said ”swaps are now pricing in almost 70 basis point rate cuts from Fed this year, compared to 50 basis points expected during the start of the week. US Q1 advance GDP and weekly jobless claims data will be closely watched for the day, to gauge the strength of US economy and Labour market ahead of next week’s FOMC meeting.”
Anuj Gupta, VP, IlFL Fin, Daily Morning Calls 27 Apil, 2023
BUY MCX GOLD JUNE AT 59700, SL 59450, TARGET 60300
Buy MCX Silver July 74500, SL 73850, TARGET 75500
Sell MCX COPPER May AT 744, SL 751, TARGET 734
Sell MCX CRUDEOIL May AT 6300, SL 6460, TARGET 6100
Kedia Advisory Daily Morning Calls, Tuesday, April 27, 2023
SELL GOLD JUN 2023 at 60200, SL 60450, TGT 59800-59600.MCX
SELL SILVER MAY 2023 at 74500, SL 75200, TGT 73600-73000.MCX
BUY CRUDEOIL MAY 2023 at 6150, SL 6050, TGT 6250-6350.MCX
BUY NAT GAS MAY 2023 at 184.00, SL 180.00, TGT 189.00-192.00.MCX
SELL COPPER MAY 2023 at 742.00, SL 746.00, TGT 737.00-734.00.MCX
SELL ZINC MAY 2023 at 238.00, SL 241.00, TGT 235.00-232.00.MCX
SELL ALUMINIUM MAY 2023 at 208.00, SL 210.00, TGT 206.00-204.00.MCX
BUY LEAD MAY 2023 at 182.00, SL 181.00, TGT 183.00-184.00.MCX
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 27 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 (27 April 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 62100 per 10 grams
23 carat gold price (958 Hallmark gold price) – 59490
22 carat gold price (916 Hallmark gold price) – 56780
20 carat gold price (833 Hallmark gold price) – 51730
18 carat gold price (750 Hallmark gold price) – 47200
14 carat gold price (583 Hallmark gold price) – 37260
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 47970
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.
