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 May 2023, Sunday. 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, Nirmal Bang Securites, Kotak 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.
On Friday, Comex gold and silver were settled on a positive note in the international markets. Gold June futures contract were settled at $1,979.90 per troy ounce up by 1.03% and silver July futures contract were settled at $24.02 per troy ounce, up by 1.64%. Gold and silver showed very high volatility and recovered from their lows after profit taking in the dollar index from their highs and the U.S. debt ceiling talks.
Comex Gold Outlook: Manoj Kumar Jain, Director in Prithvi Finmart
The U.S. Fed Chairman’s comment on further interest rates was slightly dovish than expected and also supported gold and silver prices at lower levels. However, the U.S. 1o-year bond yields gained again amid uncertainty on the U.S. debt ceiling and crossed 3.65% levels and cap gains of precious metals. Despite recovery in gold and silver prices, gold is trading below $2,000 per troy ounce and silver prices are also trading below $25 per troy ounce levels. We expect gold and silver prices to remain volatile this week amid U.S. debt negotiations talks and volatility in the dollar index and could hold its support levels. Gold has support at $1964-1950, while resistance at $1992-2004 per troy ounce. Silver has support at $23.70-23.35, while resistance is at $24.40-24.84 per troy ounce.
Comex Gold Outlook: Anuj Gupta, Vice President at IIFL Fin Securities
Looking ahead to the next week, Gupta stated that Comex gold could find support between $1960 and $1935, with resistance levels at $1990 to $2010. For Comex silver, the support level is expected to be between $23 and $22, while resistance is anticipated at $24.50 to $25.50. Based on these observations, a sideways to positive movement is anticipated, and it is advisable to consider buying gold and silver at lower levels.
Comex and MCX Gold Outlook: Ajay Kedia, Director at Kedia Commodities
The price of gold on Comex is expected to range between $1950 and $2000 in the upcoming week. On MCX, the price is projected to range between Rs 59400 and Rs 60800.
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Sugandha Sachdeva, Executive Director and Chief Strategist at Acme Investment Advisors
Looking ahead to the coming week, the level of Rs. 59,500 or $1,950 per ounce will serve as a strong support zone. Any price dips can be construed as buying opportunities, as long as this support level holds. On the upside, gold may encounter resistance around the key level of Rs. 61,500 per 10 grams. Only a decisive advance above this level would indicate a further upward momentum in the days to come.
MCX Gold Outlook: Anuj Gupta, Vice President at IIFL Fin Securities
In terms of domestic trading, it is projected that gold will find support around 59500 levels, with strong support at 59000. Resistance is expected at 60800, with strong resistance at 61300. As for silver, immediate support is seen at 71500, followed by strong support at 70000. Resistance is projected at 75000, with strong resistance at 76500.
MCX Gold Outlook: Manoj Kumar Jain, Prithvi Finmart
At mcx, gold is having support at 60000-59770 and resistance at 60600-60880 while silver is having support at 72750-72100 and resistance at 73850-74500. We suggest buying silver on dips around 73000 with a stop loss of 72450 for the target of 74100.
Gold Price Today in Carats, fineness and Purity In India:
24 carat gold price today (Purity 999)- Rs 62700/10 Gram
23 carat gold price today (Purity 995)- Rs 60500/10 Gram
22 carat gold price today (Purity 916) – Rs 58000/10 Gram
18 carat gold price today (Purity 750) – Rs 47600/10 Gram
14 carat gold price today (Purity 585) – Rs 37400/10 Gram
Silver Price Today (Purity 999) – Rs 75700 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.