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Comex Gold is Sustaining Above $2000 Per Troy Ounce, Volatility Is Expected Today: Prithvi Finmart

What is Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group: Gold Price, Silver price update for 21 April, Friday. 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 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 says ”gold and silver showed a roller coaster move on Thursday as prices fell in the early trading session but off days low after U.S. unemployment claims surged again. The U.S. unemployment claims in the last week surged to 2,45,000 against expected claims of 2,40,000. Unemployment claims in the previous week at 2,39,000. The U.S. Philly Fed manufacturing index also showed contraction of 31.3 against expected reading of -19.1. Downbeat manufacturing activities and increasing unemployment claims supported precious metals.”

Jain said ”the dollar index and U.S. bond yields also dips from their highs and supported gold and silver. The U.S. stock indexes also dips after downbeat data and supported safe-haven buying for precious metals. Gold prices are sustaining above $2000 per troy ounce and silver also holds its support level of $24.84 per troy ounce.”

Jain expects ”gold and silver prices to remain volatile in today’s session amid volatility in the dollar index and could hold its respective support levels. Gold has support at $2004-1988, while resistance at $2035-2050 per troy ounce. Silver has support at $25.10-24.84, while resistance is at $25.70-26.00 per troy ounce.

He said ”at MCX, gold is having support at 60330-60100 and resistance at 60720-60880 while silver is having support at 75000-74450 and resistance at 76000-76650.” He suggest buying gold on dips around 60300 with a stop loss of 60060 for the target of 60800.

Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 21 April 2023
BUY MCX GOLD JUNE AT 60200, SL 59850, TARGET 60700
BUY MCX Silver may 75000, SL 74350,TARGET 76000
BUY MCX COPPER APR AT 760, SL 754, TARGET 770
BUY MCX CRUDEOIL Apr AT 6300, SL 6180, TARGET 6500

Kedia Advisory, Daily morning calls as on Wednesday, 21 April 2023
SELL GOLD JUN 2023 at 60650 SL 60850 TGT 60400-60200.MCX
SELL SILVER MAY 2023 at 75800 SL 76400 TGT 75000-74500.MCX
BUY CRUDEOIL MAY 2023 at 6320 SL 6220 TGT 6420-6520.MCX
BUY NAT GAS APR 2023 at 180.00 SL 175.00 TGT 185.00-188.00.MCX
SELL COPPER APR 2023 at 770.00 SL 775.00 TGT 765.00-760.00.MCX
SELL ZINC APR 2023 at 248.00 SL 252.00 TGT 244.00-242.00.MCX
SELL ALUMINIUM APR 2023 at 214.00 SL 218.00 TGT 210.00-208.00.MCX
SELL LEAD APR 2023 at 184.00 SL 185.00 TGT 183.00-182.00.MCX

Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 21 April 2023 (Gold Price Today)
23 carat gold price – Rs 59800/10 gm
22 carat gold price – Rs 57300
20 carat gold price – Rs 52000
18 carat gold price – Rs 47100
14 carat gold price – Rs 36900
Sone ki Ginni ka Bhav – Rs 47400/ per 8 grams
Silver Price – Rs 77900 Per KG

Gold Rate Today in Dehradun (21 April 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 62200 per 10 grams
23 carat gold price (958 Hallmark gold price) – 59590
22 carat gold price (916 Hallmark gold price) – 56880
20 carat gold price (833 Hallmark gold price) – 51810
18 carat gold price (750 Hallmark gold price) – 47270
14 carat gold price (583 Hallmark gold price) – 37320
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 48050
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.

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