Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 25 May 2022, Wednesday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart 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.
Gold and silver prices gained amid weakness in the dollar index, 10-year bond yields and sell-off in the U.S. equity markets. Gold and silver gained on Tuesday amid sell-off in the U.S. equity markets. The U.S. equity markets plunged after disappointing U.S. home sales data. The U.S. new home sales slipped to two year lows in April. New home sales showed a reading of 5,91,000 units against expected sales of 7,51,000 units and against the March sale of 7,63,000 units.
Richmond manufacturing index also showed a reading of -9 against expected reading of 9 and against previous reading of 14. Downbeat U.S. economic data extended fall in the U.S. equity markets and supported safe-haven buying of gold and silver. The U.S. dollar index slipped to four week lows and the benchmark 10-year bond yields also slipped below 2.80% and supported precious metals.
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According to Manoj Jain, Director of Commodity and Currency in Prithvi Finmart gold prices are sustaining above $1850 per troy ounce ahead of the FOMC meeting minutes and hit a two week high. Silver prices also crossed $22 per troy ounce levels.
Jain expect both precious metals continue to show strength in the upcoming sessions. Gold is having support at $1850-1834 per troy ounce and resistance at $1884-1896 per troy ounce while silver is having support at $21.84-21.55 per troy ounce and resistance at $22.30-22.66 per troy ounce.
According to Jain at mcx, gold is having support at 50950-50800 and resistance at 51330-51580 while silver is having support at 61500-60900 and resistance at 62440-63000. We suggest buying gold around 51000 with a stop loss of 50770 on a closing basis for the target of 51550 and silver around 61500 with a stop loss of 60900 on a closing basis for the target of 63000.
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Kedia Advisory, Daily Commodity Calls 25 May 2022
BUY GOLD JUN 2022 @ 50900 SL 50650 TGT 51250-51500.MCX
BUY SILVER JUL 2022 @ 61400 SL 60800 TGT 62200-62800.MCX
SELL CRUDEOIL JUN 2022 @ 8650 SL 8800 TGT 8480-8350.MCX
SELL NAT GAS MAY 2022 @ 695.00 SL 725.00 TGT 660.00-640.00.MCX
BUY COPPER JUN 2022 @ 775.00 SL 770.00 TGT 782.00-786.00.MCX
BUY ZINC JUN 2022 @ 320.00 SL 315.00 TGT 328.00-332.00.MCX
BUY ALUMINIUM JUN 2022 @ 239.00 SL 235.00 TGT 245.00-248.00.MCX
BUY LEAD JUN 2022 @ 182.50 SL 181.00 TGT 184.50-186.00.MCX
Anuj Gupta, IIFL Sec, Daily Commodity Calls 25 May 2022
Buy Gold June at 50900 SL 50650 TARGET 51400
Buy silver july at 61500 SL 60800 TARGET 62500
Buy MCX COPPER June AT 772 sl 765 target 784
Buy MCX Crude Oil june at 8300 SL 8100 TARGET 8650
Sell Nse USDINR May @ 77.70 SL 77.90 TARGET 77.30
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 24 May 2022 (Gold Price Today)
23 carat gold price – Rs 50800
22 carat gold price – Rs 49800
20 carat gold price – Rs 45900
18 carat gold price – Rs 40800
14 carat gold price – Rs 32300
Sone ki Ginni ka Bhav – Rs 41000/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 63800/per kg
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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.