Gold Rate today | Silver price | Gold | Silver | MCX Gold price |: Gold and Silver price update for 16 March, 2023 Thursday. Check 24, 22 carat gold, 18 carat gold rate, 14 carat gold price, Hallmark gold price and silver price in various cities of India. Know outlook on gold and silver by India’s Big commodity experts like Manoj Jain, Prithvi Finmart and Anuj Gupta of IIFL Sec on gold and silver.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says gold and silver showed very high volatility in the international markets. Gold prices slipped below $1900 per troy ounce in the early trading session but Credit Suisse crisis in Europe and fallout of European banks supported safe-haven buying of the gold. Gold and silver hit five-week highs during the session. Banking turmoil started last week from the U.S. spreading to Europe this week. The European banking stocks plunged lead by Credit Suisse and pushed global equity markets lower. Baking crisis in the developed world supported precious metals.
Jain of Prithvi Finmart expect gold and silver to remain volatile in today’s session ahead of the ECB policy meetings, gold and silver could hold its key support level of $1900 and $21.30 per troy respectively in today’s session. Gold has support at $1918-1900, while resistance at $1945-1958 per troy ounce. Silver has support at $21.55-21.30, while resistance is at $22.20-22.50 per troy ounce. At MCX, gold is having support at 58000-57770 and resistance at 58600-58880 and silver is having support at 66650-66000 and resistance at 68000-68850. He suggest buying silver on dips around 66800 with a stop loss of 66000 for the target of 68800 at MCX.
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 16 March 2023 (Gold Price Today)
23 carat gold price – Rs 57500/10 gm (Rs 300 Up)
22 carat gold price – Rs 55100/10 gm
20 carat gold price – Rs 50200/10 gm
18 carat gold price – Rs 45300
14 carat gold price – Rs 35600
Sone ki Ginni ka Bhav – Rs 45300/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 68900/per kg (Rs 300 Up)
Gold Rate Today in Dehradun (16 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 59600 per 10 grams (Rs 350 Up)
23 carat gold price (958 Hallmark gold price) – 57100
22 carat gold price (916 Hallmark gold price) – 54490
20 carat gold price (833 Hallmark gold price) – 49650
18 carat gold price (750 Hallmark gold price) – 45300
14 carat gold price (583 Hallmark gold price) – 35550
Price of gold ginni (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 46040
Silver Price – Rs 69000 per kg
Silver Coin Hallmarked – Rs 810 per piece
Jain said The dollar index was firm due to weakness in the Euro and other major global currencies but bond yields crashed once again and also supported precious metals. The U.S. economic data released on Wednesday was also lower than expected and supportive for bullions.
Jain of Prithvi Finmart expect gold and silver to remain volatile in today’s session ahead of the ECB policy meetings, gold and silver could hold its key support level of $1900 and $21.30 per troy respectively in today’s session. Gold has support at $1918-1900, while resistance at $1945-1958 per troy ounce. Silver has support at $21.55-21.30, while resistance is at $22.20-22.50 per troy ounce. At MCX, gold is having support at 58000-57770 and resistance at 58600-58880 and silver is having support at 66650-66000 and resistance at 68000-68850. He suggest buying silver on dips around 66800 with a stop loss of 66000 for the target of 68800 at MCX.
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 16 March 2023
BUY MCX GOLD Apr AT 58000, SL 57650, TARGET 58600
BUY MCX Silver May AT 66500, SL 65800, TARGET 68000
BUY MCX COPPER MAR AT 750, SL 744, TARGET 760
SELL MCX CRUDEOIL mar AT 5650, SL 5810, TARGET 5300
Kedia Advisory Daily morning calls as on Wednesday, March 16, 2023
BUY GOLD APR 2023 at 58100, SL 57900, TGT 58400-58600.MCX
BUY SILVER MAY 2023 at 66800, SL 66200, TGT 67500-68000.MCX
BUY CRUDEOIL MAR 2023 at 5500, SL 5420, TGT 5580-5650.MCX
BUY NAT GAS MAR 2023 at 200.00, SL 195.00, TGT 206.00-212.00.MCX
SELL COPPER MAR 2023 at 760.00, SL 765.00, TGT 755.00-750.00.MCX
SELL ZINC MAR 2023 at 260.00, SL 263.00, TGT 254.00-252.00.MCX
SELL ALUMINIUM MAR 2023 at 206.00, SL 209.00, TGT 202.00-200.00.MCX
BUY LEAD MAR 2023 at 181.00, SL 180.00, TGT 182.00-183.00.MCX
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 15 March 2023 (Gold Price Today)
23 carat gold price – Rs 57200/10 gm
22 carat gold price – Rs 54800/10 gm
20 carat gold price – Rs 49800/10 gm
18 carat gold price – Rs 45000
14 carat gold price – Rs 35400
Sone ki Ginni ka Bhav – Rs 45300/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 68600/per kg (Rs 300 Up)
Gold Rate Today in Dehradun (15 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 59250 per 10 grams
23 carat gold price (958 Hallmark gold price) – 56760
22 carat gold price (916 Hallmark gold price) – 55170
20 carat gold price (833 Hallmark gold price) – 49360
18 carat gold price (750 Hallmark gold price) – 45030
14 carat gold price (583 Hallmark gold price) – 35550
Price of gold ginni (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 45770
Silver Price – Rs 68000 per kg
Silver Coin Hallmarked – Rs 800 per piece
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.