Gold Price Today, Gold News, Silver Price, COMEX Gold Price: Russia-Ukraine tensions supported safe haven demand for precious metals. Global equity markets were mixed, U.S. unemployment claims increased last week and the U.S. bond yield slipped below 2.0% also supported precious metals. However, the U.S. Federal Reserve member Bullard again said last week for raising interest rates by 2% and 1% by July, 2022. Hawkish comments of Fed members restricted gains of precious metals.
Gold and silver gained in the international markets last week. Gold prices gained for the third straight week and crossed $1900 per troy ounce at COMEX for the first time in the last eight months while prices crossed 50,000 per 10 gram levels in domestic markets after 13 months. Silver prices also gained for the second straight week.
Manoj Jain, Director Commodity and Currency in Prithvi Finmart said both precious metals to remain volatile this week ahead of the U.S.-Russia meetings to find a diplomatic solution of Ukraine issues but it will continue to hold their support levels. Any decline in the prices would be an opportunity for buying at lower levels.
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 21 February 2022
23 carat gold price – Rs 50300
22 carat gold price- Rs 48800
20 carat gold price – Rs 44600
18 carat gold price – Rs 40500
14 carat gold price – Rs 31800
Gold Ginni Price – Rs.40300per 8 grams
Silver Price 999.9)- Rs 66000/kg
Gold Rate Today in Dehradun
24 carat gold price – Rs 51600 per 10 grams
23 carat gold price – 49430
22 carat gold price – 47170
20 carat gold price – 42980
18 carat gold price – 39220
14 carat gold price- 30960
Gold Ginni – 39860
Silver Price – Rs 66000 per kg
Silver Coin Price – Rs 780 per piece
Anuj Gupta, VP, Commodity and Currency in IIFL Sec said in year 2022 till date Mcx gold prices increased by 4.77% at 50392 levels and International Gold increased by 3.40% at $1900 levels. Rupee also depreciated by 1.06% at 75.09 levels. Gupta said after Covid pandemic, now geopolitical tension and inflation are supporting the gold prices. Anuj Gupta, IIFL Sec says he is expecting that safe haven demand may supports the Yellow metal. He said COMEX gold price may test $1950 to $2000 levels incoming 3 to 4 months.
Jain said gold has support at $1888-1874, while resistance at $1918-1934 per troy ounce. Silver has support at $23.60-23.30, while resistance is at $24.20-24.55 per troy ounce. At mcx, gold is having support at 49870-49630 and resistance at 50310-50520 while silver is having support at 63430-62950 and resistance at 64300-64700.
Jain suggest buying silver on dips around 63400 with a stop loss below 62900 on a daily closing basis for the target of 64400.
According to Jain possible Iran-U.S. nuclear deal and profit taking in the global energy prices supported the rupee. However, tensions between Russia-Ukraine and selling pressure of foreign institutional investors in the domestic equity markets restrict gains of the rupee. We expect the rupee to remain volatile this week and could face steep resistance around 74.3500 levels.
Ajay Kedia, Kedia Commodity, Daily Call -21 February 2022
Buy Gold April 2022 at 49900, Stop loss at 49600, Target 50400-50650 MCX
Buy Silver March 2022 at 63700, Stop loss at 63200, Target 64200-64600 MCX
Anuj Gupta, IIFL Sec, Daily Commodity Calls-21 February 2022
Buy Gold April at 50200, Stop loss 49980, Target 50900
Buy Silver March at 63600, Stop loss 62950, Target 65000
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.