What is Gold Price Today | What is Silver Rate today | COMEX Gold | Gold | Silver | Comex Group | Comex Group Gold, IBJA, IBJA Gold Price: Know outlook of Comex gold and silver by Prithvi Finmart, Kedia Commodities COMEX Gold and MCX Gold. Check 24, 22, 18, 14 Carat Gold price today and Silver price 6 September 2024, Friday.
On Thursday, both gold and silver extended their gains in international markets, buoyed by weaker-than-expected U.S. ADP non-farm payroll data and a decline in the dollar. Gold December futures settled at $2,543.10 per troy ounce, up by 0.68%, while silver December futures rose by 1.90%, settling at $29.099 per troy ounce.
In Indian domestic markets, gold October futures ended at ₹71,917 per 10 grams, marking a 0.63% increase, while silver December futures climbed by 1.66%, settling at ₹84,956 per kilogram.
The rise in gold and silver prices followed the release of U.S. ADP employment data, which showed 99,000 jobs added in August, falling short of the anticipated 144,000. The weak data led to a plunge in the dollar index and a drop in U.S. 10-year bond yields below 3.75%, further supporting precious metal prices.
However, the gains were somewhat limited by a decline in U.S. jobless claims, which fell to 227,000, lower than the expected 231,000. Market analysts had earlier predicted that gold and silver prices could find support at lower levels, with short covering and bargain buying pushing prices higher.
Gold Silver Price Outlook by Manoj Kumar Jain, Prithvi Finmart
Gold and silver are expected to remain volatile in the upcoming sessions due to fluctuations in the dollar index and ahead of key U.S. jobs data. Gold is anticipated to hold key support at $2,464 and silver at $28.20 per troy ounce on weekly closing basis.
Gold support: $2,522-$2,500; resistance: $2,558-$2,574 per troy ounce.
Silver support: $28.80-$28.45; resistance: $29.40-$29.74 per troy ounce.
In the MCX, gold has support at ₹71,660-₹71,440 and resistance at ₹72,150-₹72,400.
Silver has support at ₹84,400-₹83,650 and resistance at ₹85,600-₹86,300.
Friday September 06 2024
06:00 PM US Non Farm Payrolls AUG
06:00 PM US Unemployment Rate AUG
Geojit Group View on Gold and Silver Prices
Gold LBMA Spot
It is required to break above $2530 to extend rallies.Else, choppy trades expected the day.
Silver LBMA Spot
Inability to move past $30 prices remain choppy with mild negative bias.
MCX Gold KG Oct
While the support of Rs 71000 remain hold downside, there are chances of mild recovery upticks for the day.
MCX Silver KG Dec
Consistent trades above Rs 82000 likely extend upticks.
Kedia Commodity View on Gold Silver Price 6 Sept 2024
MCX GOLD
Resistance: 72225-72530-72940
Support: 71510-71100-70795
MCX SILVER – 83565
Resistance: 86080-87210-88475
Support: 83685-82420-81290
Spot GOLD
Resistance: 2530.09-2541.32-2552.52
Support: 2500.77-2482.68-2471.48
Spot SILVER
Resistance: 29.27-29.7-29.92
Support: 28.31-27.78-27.56
IBJA Gold Price Today in Carats, fineness and Purity:
Without GST
Gold
999 Rs 71875
995 Rs 71587
916 Rs 65838
750 Rs 53906
585 Rs 42047
Silver
999 Rs 82971
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Note: The prices listed on Gold Price Today are sourced from various jewellers and bullion associations across the country. The price of gold and silver in your city may vary, as local jewellers add GST, making charges, and hallmarking fees to the base price. Additionally, many jewellers charge a premium for their brand, leading to differences in gold and silver prices at different shops.
Disclaimer: The information in this article is intended for informational purposes only and reflects the views of the expert. Before making any investment decisions, it is recommended to seek the advice of a financial advisor. The individuals associated with Gold Price Today do not engage in the personal buying, selling, or trading of gold or silver. We cannot be held liable for any gains or losses incurred.
