Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 28 April 2022, Thursday. 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.
Gold and silver plunged again on Wednesday amid strong gains in the dollar index. Both precious metals were settled on a weaker note in the international markets. Gold June futures contract were settled at $1888.70 per troy ounce with a loss of 0.81% and silver May futures contract were settled at $23.46 per troy ounce with a loss of 0.34%.
Both precious metals were also settled on a weaker note in the domestic markets. Gold and silver plunged again after strong gains in the dollar index and U.S. bond yields. The dollar index hit fresh two year highs and euro hit five year lows on Wednesday. The dollar index crossed 103 marks safe-haven demands of dollar due to geo-political tensions are pushing precious metals and other currencies lower.
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The Euro zone is getting hammered by soaring energy costs, as much of Europe gets its energy from Russia. Russia on Tuesday cut off natural gas supplies to Poland and Bulgaria. A basket of currencies are in continuous downtrend against the dollar and pressuring global commodities.
Aggressive interest rate hikes prospects of the U.S. Federal Reserves are also supporting the dollar and U.S. bond yields. Gold price slipped below $1900 per troy ounce and silver is also struggling being an industrial metal. Demand concerns from China also restricted gains of precious metals.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says precious metals to remain volatile in today’s session. Gold is having support at $1878-1862 per troy ounce and resistance at $1900-1910 per troy ounce while silver is having support atMa $23.20-23.00 per troy ounce and resistance at $23.70-23.88 per troy ounce.
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Jain said at MCX, gold is having support at 51050-50900 and resistance at 51400-51550 while silver is having support at 64330-64000 and resistance at 65000-65220. Gold and silver are at make or break levels of 51050 and 64000 respectively, we suggest closely watching the levels while taking fresh positions in both precious metals.
Anuj Gupta, IIFL Sec, Daily Commodity Calls 28 April 2022
Sell Gold June at 51400, SL 51750, TARGET 50800
Sell Silver May at 65100, SL 65750, TARGET 64000
Sell MCX COPPER May AT 796, SL 803, TARGET 787
Sell Crude Oil May at 7950, SL 8210, TARGET 7400
Sell USDINR may AT 77.10, SL 77.30, TARGET 76.40
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 27 April 2022 (Gold Price Today)
23 carat gold price – Rs 51400
22 carat gold price – Rs 50300
20 carat gold price – Rs 45500
18 carat gold price – Rs 41200
14 carat gold price – Rs 32600
Sone ki Ginni ka Bhav – Rs 41400/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 67500/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.
