Gold and Silver Price To Remain Volatile In Today’s Session Ahead of US Inflation Data

gold price today 10 June 2022

Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 10 June 2022, Friday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart and Anuj Gupta of IIFL Sec and Kedia Advisory 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 plunged after ECB gave signals for raising interest rates from July and strength in the dollar index. Both precious metals were settled on a weaker note in the international markets.

Gold and silver plunged on Thursday after ECB monetary policy meetings. The ECB left its interest rates unchanged but gave signals for raising interest rates from July meetings and followed in September to control inflation. The dollar index showed strength after the ECB press conference and crossed 103 marks again.

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Benchmark 10-year bond yields are also hovering above 3.0% and restricting gains of the precious metals. Gold and silver found support at lower levels after unemployment claims in the United States surged to four week highs at 2,29,000 against expectation of 2,05,000 in the last week. The U.S. equity markets also plunged and supported both precious metals at lower levels.

According to Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says gold and silver to remain volatile in today’s session ahead of the U.S. inflation data. He expect gold could hold $1834 per troy ounce and silver could also hold $21.50 per troy ounce levels.

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Jain said gold is having support at $1845-1834 per troy ounce and resistance at $1860-1872 per troy ounce while silver is having support at $21.55-21.30 per troy ounce and resistance at $22.10-22.40 per troy ounce.

Jain said at MCX, gold is having support at 50880-50700 and resistance at 51150-51300 while silver is having support at 61000-60440 and resistance at 61850-62220. We suggest buying gold on dips around 50850 with a stop loss of 50680 for the target of 51150.

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Kedia Advisory, Daily Commodity Calls 10 June 2022
BUY GOLD AUG 2022 @ 50800 SL 50600 TGT 51100-51250.MCX
BUY SILVER JUL 2022 @ 61500 SL 60800 TGT 62400-62800.MCX
SELL CRUDEOIL JUN 2022 @ 9550 SL 9700 TGT 9300-9100.MCX
SELL NAT GAS JUN 2022 @ 700.00 SL 730.00 TGT 660.00-640.00.MCX
BUY COPPER JUN 2022 @ 784.00 SL 778.00 TGT 790.00-798.00.MCX
BUY ZINC JUN 2022 @ 323.00 SL 318.00 TGT 329.00-332.00.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 61000, SL 60450, TARGET 62000
BUY MCX COPPER June AT 784, sl 777, target 795
Buy MCX Crude Oil june at 9350, SL 9150 ,TARGET 9600
Buy Nse USDINR June @ 77.80, SL 77.60, TARGET 78.10

Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 9 June 2022 (Gold Price Today)
23 carat gold price – Rs 50800
22 carat gold price – Rs 49700
20 carat gold price – Rs 45000
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 64400/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.