Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 9 June 2022, Thursday. 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 showed mixed trends amid strength in the dollar and U.S. bond yields. Both precious metals were settled on a mixed note in the international markets. Gold and silver showed very high volatility on Wednesday and settled on a mixed note.
Gold catches safe haven buying amid rising global oil prices and weakness in the U.S. equity markets. WTI crude oil crossed $122 a barrel and reached thirteen week highs and supported yellow metal. Weakness in the U.S. and European equity markets also supported gold prices in the international markets.
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However, strength in the dollar index and the U.S. bond yield cap gains of precious metals. Silver prices showed some weakness after the World Bank revised down global growth outlook to 2.9%. The Reserve Bank of India raised its repo rate by 50 basis points on Wednesday, the second straight month to contain inflation. Global central banks are tightening their monetary policies to fight inflation.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says he expect both precious metals to remain volatile in today’s session ahead of the ECB monetary policy meetings and gold and silver continue to hold their support levels. Gold is having support at $1845-1832 per troy ounce and resistance at $1864-1878 per troy ounce while silver is having support at $21.84-21.55 per troy ounce and resistance at $22.30-22.58 per troy ounce.
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According to Jain at MCX, gold is having support at 50900-50680 and resistance at 51200-51440 while silver is having support at 61660-61200 and resistance at 62550-63100. We suggest buying in silver around 61800 with a stop loss of 61330 on a closing basis for the target of 62800.
Kedia Advisory, Daily Commodity Calls 9 June 2022
BUY GOLD AUG 2022 @ 50850 SL 50650 TGT 51200-51350.MCX
BUY SILVER JUL 2022 @ 61600 SL 61000 TGT 62400-62800.MCX
SELL CRUDEOIL JUN 2022 @ 9650 SL 9800 TGT 9400-9200.MCX
SELL NAT GAS JUN 2022 @ 700.00 SL 730.00 TGT 660.00-640.00.MCX
BUY COPPER JUN 2022 @ 792.00 SL 787.00 TGT 798.00-802.00.MCX
BUY ZINC JUN 2022 @ 325.00 SL 320.00 TGT 332.00-336.00.MCX
BUY ALUMINIUM JUN 2022 @ 233.00 SL 230.00 TGT 238.00-242.00.MCX
BUY LEAD JUN 2022 @ 183.00 SL 180.00 TGT 188.00-190.00.MCX
Anuj Gupta, IIFL Sec, Daily Commodity Calls 9 June 2022
BUY Gold June at 50900, SL 50700, TARGET 51400
BUY Silver july at 61700, SL 61300, TARGET 62700
BUY MCX COPPER June AT 790, SL785, TARGET 800
Buy MCX Crude Oil june at 9400, SL 9200, TARGET 9700
Sell Nse USDINR June @ 78.00, SL 78.20, TARGET 77.50
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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 8 June 2022 (Gold Price Today)
23 carat gold price – Rs 50500
22 carat gold price – Rs 49800
20 carat gold price – Rs 44800
18 carat gold price – Rs 40500
14 carat gold price – Rs 32100
Sone ki Ginni ka Bhav – Rs 40800/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 64400/per kg
गोल्ड प्राइस टूडे का यूट्यूब चैनल सब्सक्राइब करें
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.