What is Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group: Gold Price, Silver price update for 19 April, Wednesday. 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 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 rebounded again on Tuesday after the previous session’s steep fall. The dollar index slips from their highs and supported gold and silver prices. Short coverings and bargain buying at lower levels also supported gold and silver prices. Global equity markets were mixed on Tuesday but the U.S. economic data released this week are also mixed.
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According to Jain ”the U.S. building permits and new housing starts decline again due to higher interest rates and inflation concerns. Downbeat U.S. data also supported precious metals and gold prices crossed $2000 per troy ounce levels once again while silver is holding above $25 per troy ounce. However, recovery in the dollar index and the U.S. bond yields after hawkish comments from the U.S. Fed restricting gains.”
Ravindra V.Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities said ”COMEX Gold prices snapped two-day losing streak and rose almost 0.6% to close at $2,019.7 per troy ounce, tracking a decline in the dollar index amid signs of economic recovery from China. The greenback eased despite two Federal Reserve officials reiterating rates need to keep climbing higher. Markets are expecting Fed to hike rates by another 25 bps during the May meeting and to pause after that. Fed’s Beige book is scheduled to be released later today, which will provide insights on the health on the US economy. Inflation data from UK and Eurozone will also be released today. Short term headwinds still persist amid rising interest rates.”
Jain expect ”gold and silver prices to remain volatile in today’s session and gold could face steep resistance around $2035 per troy ounce and silver could also face resistance around $25.70 per troy ounce levels. Gold has support at $2004-1988, while resistance at $2035-2050 per troy ounce. Silver has support at $25.00-24.66, while resistance is at $25.50-25.70 per troy ounce.”
Jain Said ”at MCX, gold is having support at 60220-60000 and resistance at 60720-60950 while silver is having support at 74750-74200 and resistance at 75800-76300. He suggest selling gold on rise around 60650 with a stop loss of 60900 for the target of 60150.”
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 19 April 2023
BUY MCX GOLD June AT 60100, SL 59800, TARGET 60700
Buy MCX Silver may 74500, SL 73700 TARGET 75800
BUY MCX COPPER APR AT 775, SL 770, TARGET 786
Buy MCX Crude Oil April at 6550, SL 6450, TARGET 6850
Kedia Advisory, Daily morning calls as on Wednesday, 19 April 2023
BUY GOLD JUN 2023 at 60200, SL 60000, TGT 60450-60650.MCX
BUY SILVER MAY 2023 at 75000, SL 74600, TGT 75600-75900.MCX
SELL CRUDEOIL MAY 2023 at 6720, SL 6800, TGT 6640-6550.MCX
BUY NAT GAS APR 2023 at 190.00, SL 184.00, TGT 198.00-205.00.MCX
SELL COPPER APR 2023 at 785.00, SL 790.00, TGT 780.00-776.00.MCX
SELL ZINC APR 2023 at 255.00, SL 258.00, TGT 252.00-249.00.MCX
SELL ALUMINIUM APR 2023 at 216.00, SL 219.00, TGT 212.00-210.00.MCX
SELL LEAD APR 2023 at 184.00, SL 185.00, TGT 183.00-182.00.MCX
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 19 April 2023 (Gold Price Today)
23 carat gold price – Rs 59400/10 gm
22 carat gold price – Rs 57000
20 carat gold price – Rs 51700
18 carat gold price – Rs 46700
14 carat gold price – Rs 36600
Sone ki Ginni ka Bhav – Rs 47100/ per 8 grams
Silver Price – Rs 76900 Per KG
Gold Rate Today in Dehradun (19 April 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 62200 per 10 grams
23 carat gold price (958 Hallmark gold price) – 59590
22 carat gold price (916 Hallmark gold price) – 56880
20 carat gold price (833 Hallmark gold price) – 51810
18 carat gold price (750 Hallmark gold price) – 47270
14 carat gold price (583 Hallmark gold price) – 37320
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 48050
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.
