Gold price today, Silver price, Comex Gold price: Gold and silver gained after a large Russian military convoy is moving towards capital of the Ukraine. Gold hit 1.5 year high in the international markets on Tuesday and silver is also following to the gold. Know 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price for 2 March 2022, Wednesday. Know Views of Ajay Kedia, Head of Kedia Commodity, Anuj Gupta Deputy VP of Commodity and Currency in IIFL Sec and Manoj Jain, Director of Commodity and Currency in Prithvi Finmart on Gold and Silver price.
Today there is a huge increase in the price of gold and silver. According to Suraj Chauhan, director of Chandigarh Sarafa Association, today on March 2, 2022, the price of gold became costlier by Rs 1000 per 10 grams and silver by Rs 2800 per kg. At the same time, the price of gold became expensive by Rs 1000 and silver by Rs 1000 in Dehradun.
According to the Lucknow Sarafa Association, today, on March 2, 2022, gold became costlier by Rs 800 in Lucknow. The price of 24 carat gold was Rs 54300, 22 carat Rs 52800 and 18 carat gold was Rs 48000. Silver became costlier by Rs 1500 to Rs 69000.
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 2 March 2022
23 carat gold price – Rs 51900
22 carat gold price- Rs 50300
20 carat gold price – Rs 46000
18 carat gold price – Rs 41700
14 carat gold price – Rs 32600
Gold Ginni Price – Rs.41400 per 8 grams
Silver Price 999.9)- Rs 69500/kg
Gold Price Today in Dehradun 2 March 2022
24 carat gold price – Rs 53300 per 10 grams
23 carat gold price – 51060
22 carat gold price – 48720
20 carat gold price – 44400
18 carat gold price – 40510
14 carat gold price- 31980
Gold Ginni – 41170
Silver Price – Rs 68000 per kg
Silver Coin Price – Rs800 per piece
Gold rate in Kasganj stood at Rs 53000 and Silver at Rs 68600 per kg.
Both precious metals gained due to safe-haven appeal in war time. Gold and silver also gained amid heavy sell-off in the global equity markets and record surge in the international crude oil prices. The U.S. equity markets plunged again and supported safe haven buying in precious metals.
Crude oil prices hit 7.5 year highs and WTI prices crossed $105 a barrel on Tuesday and it could fuel global inflations. Higher global inflation concerns, weakness in the global equity markets and ongoing war between Russia-Ukraine is supporting precious metals. At COMEX Gold price is trading at 1935 Dollar and Silver at 25.18 Dollar.
Gold and silver gained on Tuesday amid Russian army’s aggression in ongoing war with Ukraine. Both precious metals were settled on a positive note in the international markets. Gold April futures contract were settled at $1943.80 per troy ounce with a gain of 2.27% and silver May futures contract were settled at $25.54 per troy ounce with a gain of 4.81%.
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Both precious metals were also settled on a positive note in the domestic markets. Gold April futures contract were settled at 51816 per 10 gram with a gain of 2.08% and silver May futures contract were settled at 68179 per one kilogram with a gain of 3.46%.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect gold and silver prices to remain positive and any decline in the prices would be an opportunity for buying at lower levels. Jain said gold could test $1970 per troy ounce and silver could also test $26.20 per troy ounce in the upcoming sessions. UBS Wealth Management says Federal Reserve expected to move ahead with ‘cautious’ interest rate hikes.
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According to Manoj Jain gold is having support at $1922-1908 per troy ounce and resistance at $1955-1970 per troy ounce while silver is having support at $25.20-24.84 per troy ounce and resistance at $25.88-26.20 per troy ounce.
Gold and Silver price of 1 March 2022
Jain expect at mcx, gold is having support at 51480-51100 and resistance at 52100-52450 while silver is having support at 67700-67100 and resistance at 68800-69500.
Manoj jain suggest buying gold on dips around 51400 with a stop loss below 51100 on a closing basis for the target of 52100 and silver around 67500 with a stop loss below 66600 on a closing basis for the target of 69100.
Anuj Gupta, IIFL Sec, Daily Commodity Calls-2 March 2022
BUY Gold Apr at 51500, SL 51000, TARGET 52400
BUY silver May at 68000, SL 67200, TARGET 70000
BUY MCX COPPER Mar AT 782, SL 774, TARGET 800
Buy crude oil Mar at 7750, Sl 7600, TARGET 8000
Buy USDINR FEB AT 75.40, SL 75.00, TARGET 76.20
Ajay Kedia, Kedia Commodity, Daily Calls 2 March 2022
BUY GOLD Apr 2022 @51500 SL 51200 TGT 51850-52200. MCX
BUY SILVER Mar 2022 @67600 SL 67000 TGT 68500-69000. MCX
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Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 1 March 2022 Mahashivratri
23 carat gold price – Rs 50900
22 carat gold price- Rs 49400
20 carat gold price – Rs 45100
18 carat gold price – Rs 40900
14 carat gold price – Rs 31900
Gold Ginni Price – Rs.40600 per 8 grams
Silver Price 999.9)- Rs 66700/kg
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.