Gold Price Today, Gold News, Silver Price, COMEX Gold, MCX: Rising Russia and Ukraine conflict supporting safe haven buying in precious metals. Gold and Comex silver also gained after imposing sanctions on Russia by western countries. Fresh sanctions on Russia could continue to keep global inflation at a higher side and support precious metals. Check rates of gold and silver in various cities of India. Know 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price for 24 February 2022.
According to news agencies Russia attacked Ukraine today. There is sharp gain in Gold and silver prices. At Comex Gold price crossed 1948 Dollar level. Silver is trading at 25 Dollar. In spot market gold price gained Rs 1400 and Silver price Rs 2000 per kg today.
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 24 February 2022
23 carat gold price – Rs 51700 (gained Rs 1400)
22 carat gold price- Rs 50200
20 carat gold price – Rs 45900
18 carat gold price – Rs 41700
14 carat gold price – Rs 32600
Gold Ginni Price – Rs.41400 per 8 grams
Silver Price 999.9)- Rs 68500/kg
Gold Price Today in Dehradun 24 Feb 2022
24 carat gold price – Rs 53100 per 10 grams
23 carat gold price – 50870
22 carat gold price – 48540
20 carat gold price – 44230
18 carat gold price -40360
14 carat gold price- 31860
Gold Ginni – 41020
Silver Price – Rs 68000 per kg
Silver Coin Price – Rs 800 per piece
Gold and silver extended its gain after rising conflicts between Russia and Ukraine. Both precious metals were settled on a positive note in the international markets on Wednesday. Gold April futures contract were settled at $1910.40 per troy ounce with a gain of 0.16% and silver March futures contract were settled at $24.55 per troy ounce with a gain of 1.00%.
Both precious metals were also settled on a positive note in the domestic markets. Gold April futures contract were settled at 50379 per 10 gram with a gain of 0.10% and silver March futures contract were settled at 64585 per one kilogram with a gain of 0.37%. Gold and silver gained in a highly volatile session on Wednesday. Gold prices settled on 13 month highs in the international markets and silver prices also crossed $24.50 per troy ounce levels.
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The U.S. President Joe Biden said on Wednesday that his administration will impose sanctions on Nord Stream 2 AG, the company in charge of building Russia’s Nord Stream 2 gas pipeline. After his statement oil and gas prices rose again. Higher global energy prices continue to push global inflation higher and support precious metal prices as a hedge against inflation.
Anuj Gupta, VP in IIFL Sec says selloff in global equity market is also supportive for gold prices as portfolio diversification from equity to Gold. He says in international market COMEX gold may test $1925 and COMEX Silver may test $25 levels very soon. Spot gold price is at 13 month high. Touched 1920 Dollar level. After attack on Ukraine Gupta revised his target and said in international market gold may test $1980 to $2050 and Silver may test $27 to $30 levels very soon.
Director of Commodity and Currency in Prithvi Finmart Manoj Jain expect both precious metals to continue to show strength in upcoming sessions and COMEX gold prices could test $1935 per troy ounce and COMEX silver could also test $25 per troy ounce levels. Gold is having support at $1900-1888 per troy ounce and resistance at $1922-1935 per troy ounce while silver is having support at $24.30-24.00 per troy ounce and resistance at $24.84-25.10 per troy ounce.
Gold, Silver Price 23 Feb 2022, Check rates
Manoj Jain said at MCX, gold is having support at 50100-49920 and resistance at 50600-50850 while silver is having support at 64220-63800 and resistance at 64950-65500.
Jain suggest buying gold on dips around 50100 with a stop loss of 49900 on a closing basis for the target of 50800 and silver around 64200 with a stop loss of 63600 on a closing basis for the target of 65200.
Rupee is supported by higher foreign exchange reserves and rising exports but higher crude oil prices and selling pressure in domestic equity markets by FII’s could restrict gains of the rupee. Manoj jain expect the rupee to remain volatile in today’s session and face steep resistance around 74.3500 levels.
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Ajay Kedia, Kedia Commodity, Daily Call -24 February 2022
Buy Gold April 2022 at 50200 , Stop loss at 50000, Target 50540-50750 MCX
Buy Silver March 2022 at 64200, Stop loss at 63700, Target 64800-65200 MCX
Anuj Gupta, IIFL Sec, Daily Commodity Calls-24 February 2022
Buy Gold April at 50300, Stop loss 49950, Target 51000
Buy Silver March at 64400, Stop loss 63750, Target 65700
BUY MCX COPPER Mar AT 755, SL 749, Target 765
Buy crude oil Mar at 6850, Sl 6740, Target 7050
Sell USDINR FEB AT 74.90, SL 75.20, Target 74.50
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Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 23 February 2022
23 carat gold price – Rs 50300
22 carat gold price- Rs 48800
20 carat gold price – Rs 44600
18 carat gold price – Rs 40500
14 carat gold price – Rs 31800
Gold Ginni Price – Rs.40300per 8 grams
Silver Price 999.9)- Rs 66700/kg
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 Price Today will not be responsible for any loss caused to you.