ECB Monetary Policy Meeting Is Scheduled on Thursday, Know Expectation and Impact on Gold, Silver Price

gold price today 7 June 2022

Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 7 June 2022, Tuesday. 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 very high volatility and slipped from their highs after strength in the dollar index and U.S. bond yields. Both precious metals were settled on a mixed note in the international markets. Gold and silver gained in the early trading session on Monday but were unable to hold gains after strength in the dollar index and the benchmark 10-year bond yields in the United States.

The dollar index climbs ahead of the CPI inflation data and ECB policy meetings. The dollar index crossed 102 marks again while 10-year bond yields crossed 3.0% levels again. The ECB regular monetary policy meeting is scheduled on Thursday and the market is expecting the ECB could start raising interest rates after inflation hits record levels in the European Union.

देश के 55 हजार ज्वेलर्स के फेसबुक ग्रुप ‘सुनार ज्वेलर्स एकता’ से जुड़े

Higher global energy prices are fueling global inflation at multi decade highs and supporting safe haven buying of the U.S. dollar. The U.S. equity markets also gained on Monday and restricted gains of precious metals.

Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says both precious metals to remain volatile in today’s session and gold is expected to hold its support level of $1822 per troy ounce while silver could also hold $21.55 per troy ounce levels.

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According to Jain gold is having support at $1834-1822 per troy ounce and resistance at $1858-1870 per troy ounce while silver is having support at $21.84-21.55 per troy ounce and resistance at $22.230-22.58 per troy ounce.

Jain said at mcx, gold is having support at 50740-50600 and resistance at 51000-51150 while silver is having support at 61660-61200 and resistance at 62800-63100. He suggest buying gold on dips around 50750 with a stop loss of 50580 on a daily closing basis for the target of 51050.

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Kedia Advisory, Daily Commodity Calls 7 June 2022
BUY GOLD AUG 2022 @ 50800 SL 50600 TGT 51150-51350.MCX
BUY SILVER JUL 2022 @ 61600 SL 61000 TGT 62400-62800.MCX
SELL CRUDEOIL JUN 2022 @ 9300 SL 9450 TGT 9120-9000.MCX
SELL NAT GAS JUN 2022 @ 740.00 SL 760.00 TGT 705.00-685.00.MCX
BUY COPPER JUN 2022 @ 795.00 SL 790.00 TGT 806.00-812.00.MCX
BUY ZINC JUN 2022 @ 330.00 SL 325.00 TGT 336.00-340.00.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 7June 2022
BUY Gold June at 50650, SL 50300, TARGET 51100
BUY Silver July at 61700, SL 61200, TARGET 62600
BUY MCX COPPER June AT 792, sl 784, TARGET 805
Buy MCX Crude Oil june at 9100, SL 8980, TARGET 9280
Sell Nse USDINR June @ 77.90, SL 78.20, TARGET 77.30

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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 6 June 2022 (Gold Price Today)
23 carat gold price – Rs 50900
22 carat gold price – Rs 49800
20 carat gold price – Rs 45000
18 carat gold price – Rs 4080
14 carat gold price – Rs 32400
Sone ki Ginni ka Bhav – Rs 41100/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 64800/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