COMEX Gold Price, Silver price, Gold Price today: Last week gold prices were closed on a positive note on the back of geopolitical tension. Geopolitical tension now more escalating which may increase safe haven demand of precious metals. Anuj Gupta VP in IIFL Sec says higher crude oil prices and sell off in equity market also supportive for yellow metals. COMEX gold price today trading at 1911 Dollar and Silver is trading at 24.36 Dollar.
Today, the price of gold in Lucknow became costlier by Rs.800. Silver also became costlier by Rs 500. In Dehradun, gold became costlier by Rs 750 and silver by Rs 1000.
According to the Lucknow Sarafa Association, the price of gold became costlier by Rs 800 in Lucknow today, February 28. Silver prices rose by Rs 500. In Lucknow, the price of 24 carat gold was Rs 53500, 22 carat gold was Rs 52000 and 18 carat gold was Rs 47,300. The price of silver stood at Rs 67500. In Kasganj, the price of gold was Rs 52400 and the price of silver was Rs 67300. In Badaun, the price of gold was Rs 53520 and the price of silver was Rs 68700.
Gold Price Today in Dehradun 28 Feb 2022
24 carat gold price – Rs 52450 per 10 grams
23 carat gold price – 50250
22 carat gold price – 47940
20 carat gold price – 43690
18 carat gold price – 39860
14 carat gold price- 31470
Gold Ginni – 40520
Silver Price – Rs 67000 per kg
Silver Coin Price – Rs790 per piece
Gupta suggest traders can buy Gold around 50000 to 50200 with the stoploss of 49500 for the target of 52000 levels. They can also buy silver around 64600 to 64800 levels with the stoploss of 64000 levels for the target of 67000 levels.
Gupta said COMEX Gold may test $1950 levels and silver may test $26 levels very soon. on the other hand Brent crude is trading higher by 4.40% at $98.67 per barel. Neucler war situation between Russia and ukrain supports the crude oil prices.
Gupta expecting crude may test again $102 to $105 levels.
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Manoj Jain, Director of Commodity and Currency in Prithvi Finmart suggest buying in the gold on dips around 49950 with a stop loss at 49600 on a closing basis for the target of 50550 and silver around 64340 with a stop loss of 63600 on a closing basis for the target of 65500.
Ajay Kedia, Kedia Commodity, Daily Call -28 February 2022
Buy Gold April 2022 at 50300 , Stop loss at 49900, Target 50800-51200 MCX
Buy Silver March 2022 at 65000, Stop loss at 64600, Target 65800-66500 MCX
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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.
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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.