Gold price today, Silver price, COMEX Gold, MCX Gold price: Gold, Silver price update for 6 June 2022, Monday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart 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 showed very high volatility and plunged again on Friday after recovery in the dollar index and the U.S. bond yields. The dollar index gained and crossed 102 marks once again after better than expected U.S. non-farm employment data. As per the data 3,90,000 jobs created in the month of May against expectations of 3,25,000 jobs. Upbeat job report supported the dollar index and the U.S. bond yields.
The benchmark 10-year bond yields also crossed 2.90% marks once again and pushed both precious metals lower. However, weakness in the global equity markets and higher crude oil prices supported both precious metals at lower levels.
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Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect both precious metals to remain volatile this week and gold could hold $1822 per troy ounce and silver prices could also hold $21 per troy ounce levels on a weekly closing basis. Gold has support at $1845-1832, while resistance at $1870-1884 per troy ounce. Silver has support at $21.70-21.44, while resistance is at $22.20-22.55 per troy ounce.
Anuj Gupta, VP of Commodity and Currency in IIFL Sec said last week we had witnessed a range bound momentum in bullions. Also noticed that it recovered from lower levels and closed on a higher side. Gold closed at $1851 and silver closed at $21.96 levels. Gupta said COMEX gold may test $1870 to $1880 and silver may test $22.50 levels very soon. Weakness in dollar support the gold and silver prices.
According to Ajay Kedia of Kedia Commodity, in June, the price of gold on COMEX can touch the level of 1900 to 1920 Dollars. On the other hand, the price of silver can go up to 23.6 Dollar. At the same time, the price of gold on MCX can go up to Rs 52400 and silver up to Rs 63800.
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On mcx we are expecting it may trade higher. Traders can buy Gold around 50700 levels with the stop loss of 50400 for the target 51500 levels. They can also go for silver at 61000 with the stoploss of 60000 for the target of 62500 to 63000 levels.
Jain said at MCX, gold is having support at 50780-50600 and resistance at 51220-51440 while silver is having support at 61200-60700 and resistance at 62220-62750. He suggest buying silver on dips around 61200 with a stop loss of 60660 on a daily closing basis for the target of 62400.
Kedia Advisory, Daily Commodity Calls 6 June 2022
BUY GOLD AUG 2022 @ 50800 SL 50600 TGT 51150-51350.MCX
BUY SILVER JUL 2022 @ 61400 SL 61000 TGT 62000-62400.MCX
BUY CRUDEOIL JUN 2022 @ 9100 SL 8950 TGT 9350-9500.MCX
BUY NAT GAS JUN 2022 @ 655.00 SL 635.00 TGT 685.00-700.00.MCX
BUY COPPER JUN 2022 @ 795.00 SL 790.00 TGT 806.00-812.00.MCX
BUY ZINC JUN 2022 @ 332.00 SL 327.00 TGT 340.00-345.00.MCX
BUY ALUMINIUM JUN 2022 @ 231.00 SL 227.00 TGT 238.00-242.00.MCX
BUY LEAD JUN 2022 @ 183.00 SL 180.00 TGT 188.00-190.00.MCX
Anuj Gupta, IIFL Sec, Daily Commodity Calls 6 June 2022
BUY Gold June at 50800, SL 50500, TARGET 51400
BUY SilverJuly at 61500, SL 60900, TARGET 62500
BUY MCX COPPER June AT 794, SL 788, TARGET 805
Buy MCX Crude Oil june at 9150, SL 8950, TARGET 9450
Sell Nse USDINR June @ 77.90, SL 78.20, TARGET 77.30
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 5 June 2022 (Gold Price Today)
23 carat gold price – Rs 50800
22 carat gold price – Rs 49700
20 carat gold price – Rs 44900
18 carat gold price – Rs 40700
14 carat gold price – Rs 32300
Sone ki Ginni ka Bhav – Rs 40000/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 64100/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 and silver plunged again after recovery in the dollar index and the U.S. bond yields. Trend volatile.