Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 11 April 2022, Monday. Know Views of India’s Big commodity experts like Manoj Jain of Prithvi Finmart, Ajay Kedia of 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.
On Friday, gold and silver were settled on a positive note in the international markets. Gold and silver gained last week despite strength in the dollar index the U.S. bond yields. The dollar index reached fresh two year highs after the Federal Reserve maintained its hawkish stance in FOMC meeting minutes. The benchmark 10-year bond yields in the United States also crossed 2.70%.
Gold and silver catches safe haven demand amid Russia-Ukraine conflicts, slower global growth prospects and fear of rising global inflations. Gold and silver also gained after a report published by Societe Generale. A bank said that it currently holds a maximum allocation of 5% of gold in its multi-asset portfolio.
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Gold represents half of its total commodity exposures. Report suggests that higher inflation and lower global growth prospects could push gold prices higher in 2022.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect gold and silver prices to remain volatile this week and continue to hold their key support levels of $1900 and $24 per troy ounce respectively. Gold has support at $1934-1922, while resistance at $1958-1970 per troy ounce. Silver has support at $24.70-24.40, while resistance is at $25.20-25.55 per troy ounce.
Anuj Gupta, VP in IIFL Fin says gold price on COMEX may touch 1960 Dollar this week. Silver can go upto 25.30 Dollars.
At MCX, gold is having support at 51880-51700 and resistance at 52280-52500 while silver is having support at 66660-66200 and resistance at 67400-67880. He suggest buying gold on dips around 51900 with a stop loss of 51660 for the target of 52400 and silver around 66600 with a stop loss of 66200 for the target of 67700.
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Anuj Gupta, IIFL Sec, Daily Commodity Calls 11 April
Buy Gold June at 51900, Stop Loss 51650, Target 52400
Buy Silver May at 66800, Stop Loss 66150, Target 68100
Sell MCX COPPER Apr AT 822, Stop Loss 827, Target 810
Sell Crude Oil Apr at 7550 Stop Loss 7810, Target 6950
Buy USDINR apr AT 75.90, Stop Loss 75.70, Target 76.30
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 9 April 2022 (Gold Price Today)
23 carat gold price – 51800 rupees
22 carat gold price – Rs 50800
20 carat gold price – Rs 45900
18 carat gold price – Rs 41800
14 carat gold price – Rs 33200
Sone ki Ginni ka Bhav – Rs 41900/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 69200/per kg
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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.
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.