Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group | Comex Group Gold Price | London Spot: Gold Price, Silver price update for 21 July 2023, Friday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart, Ajay Kedia, Kedia Commodity and Anuj Gupta of IIFL Fin Sec, Nirmal Bang Securities, Kotak Securities, Motilal Oswal Financial Services, SMC Global Securities and Geojit on Comex 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.
Comex group gold and silver showed profit taking after decline in the U.S. jobless claims and rebound in the dollar index. The U.S. jobless claims fell to 2,28,000 in the last week against expectations of 2,39,000 claims. The dollar index jumped again and crossed 100 marks while the U.S. 10-year bond yields crossed 3.80% levels once again and capped gains of precious metals. Traders are also looking cautious ahead of the U.S. Fed policy meeting in the next week.
Manoj Kumar Jain, Director, Prithvi Finmart
We expect gold and silver prices to remain volatile in today’s session amid volatility in the dollar index and gold could hold its support level of $1945 per troy ounce and silver could also hold $24.50 per troy ounce levels. Gold has support at $1958-1945, while resistance at $1984-2000 per troy ounce. Silver has support at $24.80-24.50, while resistance is at $25.20-25.45 per troy ounce.
Geojit London Gold Spot Technical Commentary 20 July 2023
Gold LBMA Spot: Break above $1990 is needed to extend rallies. Else, there are chances of corrective selling pressure for the day.
Silver LBMA Spot: Choppy trading with mild upticks expected as long as $24.50 hold downside. A direct dip below $24 would trigger selling pressure.
Data to Watch Today 21 July 2023 (India Time)
21st July 11:30 AM United Kingdom Retail Sales -Impact Medium
Gold Ratio
Gold Silver Ratio: 80.51
Gold Crude Ratio: 26.57
Nirmal Bang Securities Gold Fundamental Outlook For 21 July 2023
Gold and silver prices are trading higher on international bourses. We expect gold to trade to higher for the day as signs that price pressures in major economies are easing prompted a reassessment of how much tightening central banks have left to do
Geojit MCX Gold Technical Commentary
Gold KG Aug:Immediate support is seen at Rs 59200 which if holds ongoing upticks would continue the day.
Silver KG Sep: If the support of Rs 73000 remains undisturbed expect choppy with positive bias. Consistent trades below the same would trigger liquidation.
SMC Global Securities Views on MCX Gold and Silver 20 July 2023
Gold may trade in the range of 59300-59800, Silver also trades in the range of 75100-75900 where buying near support is advised. Gold prices climbed on Friday as a weaker dollar made bullion cheaper for holders of other currencies, while the metal was poised for a third consecutive weekly gain on hopes that the U.S. Federal Reserve will pause rate hikes after July.
Daily Commodity Calls Nirmal Bang Securities 21 July 2023
BUY GOLD AUG (MCX) AT 59200 SL 58700 TARGET 59770/59890
BUY SILVER JULY (MCX) AT 74500 SL 73900 TARGET 75200-500
Ajay Kedia, Kedia Commodity
MCX Gold expected range for the day is Rs 59200-59900
Gold expected range for the day is 1952-1987 Dollar
Key economic data slated for release include Retail Sales m/m, Public Sector Net Borrowing from GBP Zone.
Manoj Kumar Jain, Director, Prithvi Finmart, MCX Gold Prediction
At mcx, gold is having support at 59330-59100 and resistance at 59770-59980 while silver is having support at 75000-74450 and resistance at 76000-76600. We sugggest for booking profit in gold and silver in long positions and wait for some corrective dips for initiating fresh long positions, overall long-term trend is still bullish for precious metals.
Anuj Gupta, VP, IIFL Sec, Daily MCX Commodity Calls
Buy GOLD AUG AT 59300 SL 59000 TARGET 59800
Buy MCX SILVER SEPT AT 75000 SL 74400 TARGET 76000
BUY MCX CRUDEOIL AUG AT 6150 SL 6050 TARGET 6300
BUY MCX COPPER JULY AT 724 SL 719 TARGET 735
BUY NSE NIFTY AT 19800 SL 19700 TARGET 20000
BUY BANKNIFTY AT 45800 SL 45400 TARGET 46400
BUY SENSEX AT 67300 SL 67000 TARGET 67800
SELL NSE USDINRVAT 82.30 SL 82.50 TARGET 81.80
Gold Price Today in Carats, fineness and Purity:
24 carat gold price today (Purity 999)- Rs 61300/10 Gram
22 carat gold price today (Purity 916) – Rs 56700/10 Gram
18 carat gold price today (Purity 750) – Rs 46600/10 Gram
14 carat gold price today (Purity 585) – Rs 36600/10 Gram
Silver Price Today (Purity 999) – Rs 77400 per kg
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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 jewellers add GST, making charges and hallmarking charges to the gold price. Many jewellers 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: The information presented in this article is i intended for informational purposes only and reflects the views of the expert. Prior to making any investment decisions, it is recommended that you seek the advice of a financial advisor. The individuals affiliated with Gold Price Today do not engage in the personal buying, selling, or trading of gold/silver. We cannot be held liable for any gains or losses incurred.
