Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group: Gold Price, Silver price update for 21 April, Friday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart, Market and Commodity Expert Sugandha Sachdeva, Ajay Kedia, Kedia Commodity and Anuj Gupta of IIFL Fin 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 Group and MCX.
Manoj Jain, Director in Prithvi Finmart says ”gold and silver settled lower on Friday after news speculations on further 25 basis point rate hikes in the May month U.S. Fed monetary policy meetings. The dollar index recovered from one year lows and the U.S. 10-year bond yields also settled above 3.50% and pushed gold and silver prices lower. Gold prices slipped for the second straight week and settled below $2,000 per troy ounce while silver prices also settled below $25 per troy ounce.”
Jain said ”the U.S. economic data released last week was mixed but unable to support precious metals. Gold and silver are struggling ahead of next month’s Fed policy meetings and non-clarity on Fed rate hikes.”
Jain expect ”gold and silver prices to remain volatile this week amid volatility in the dollar index and uncertainty over Fed rate hikes; gold prices could hold its support level of $1955 per troy ounce and silver could also hold $24.40 per troy ounce levels. Gold has support at $1974-1955, while resistance at $2004-2022 per troy ounce. Silver has support at $24.84-24.40, while resistance is at $25.55-25.88 per troy ounce.”
Akshaya Tritiya 2024 Gold May Test Rs 63000-66000 Level and Silver Can Reach 80000-86000 in 1 Year
Jain said ”at MCX, gold is having support at 59600-59440 and resistance at 60060-60300 while silver is having support at 74100-73350 and resistance at 75200-75850. We suggest buying gold on dips around 59600 with a stop loss of 59330 for the target of 60060.”
Anuj Gupta, VP in IIFL Fin Sec said ”for the next week gold has immediate support at 59500 levels ($1975) and then 59000 ($1950) levels, while resistance at 60300 ($2010) and then 60700 ($2035) levels.
He said ”technically expecting range bound movement in gold prices so traders can go for trade between support and resistance levels. They can initiate a buy position around 59500 with the stop loss of 59000 for the target of 60300 levels.”
Gupta said ”silver has immediate support at 73000 levels ($24.50) and then $71500 ($23.80) while resistance at 76000 ($26) and then 77500 ($27) levels. Traders may go to buy around 73000 levels with the stoploss of 71500 for the target of 76000 levels.”
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 23 April 2023 (Gold Price Today)
23 carat gold price – Rs 59700/10 gm
22 carat gold price – Rs 57200
20 carat gold price – Rs 51900
18 carat gold price – Rs 47000
14 carat gold price – Rs 36900
Sone ki Ginni ka Bhav – Rs 47200/ per 8 grams
Silver Price – Rs 76300 Per KG
Gold Rate Today in Dehradun (23 April 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 61800 per 10 grams
23 carat gold price (958 Hallmark gold price) – 59200
22 carat gold price (916 Hallmark gold price) – 56510
20 carat gold price (833 Hallmark gold price) – 51480
18 carat gold price (750 Hallmark gold price) – 46970
14 carat gold price (583 Hallmark gold price) – 37080
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 47740
Silver Price – Rs 77000 per kg
Silver Coin Hallmarked – Rs 890 per piece
Note: The prices being given 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 in gold/silver.