What is Gold Price Today | What is Silver Rate today | COMEX Gold | Gold | Silver | Comex Group | Comex Group Gold, IBJA, IBJA Gold Price: Know outlook of Comex gold and silver by Prithvi Finmart, Kedia Commodities COMEX Gold and MCX Gold. Check 24, 22, 18, 14 Carat Gold price today and Silver price 3 September 2024, Tuesday.
On Monday, gold and silver closed lower in the international markets. December gold futures settled at $2,531.70 per troy ounce, down 0.17%, while December silver futures closed at $28.93 per troy ounce, down 1.08%. Similarly, the domestic markets also ended on a weaker note. October gold futures settled at ₹71,601 per 10 grams, down 0.01%, and December silver futures closed at ₹84,554 per kilogram, down 0.77%. The decline in gold and silver extended during a low-volume session as U.S. markets were closed on Monday.
Investors in gold and silver remained cautious ahead of the crucial U.S. job report, which will influence the Federal Reserve’s rate cut decision in the September policy meeting. The dollar index and U.S. 10-year bond yields remained steady, limiting gains in precious metals. According to the Fed Watch tool, there is a 69% probability of a 25 basis point rate cut and a 31% chance of a 50 basis point cut in the upcoming meeting. Additionally, ceasefire talks between Israel and Hamas eased the risk premium on precious metals in the international markets.
Manoj Kumar Jain, Director at Prithvi Finmart, expects gold and silver prices to remain volatile this week due to fluctuations in the dollar index and the upcoming U.S. job data, but they should hold their key support levels of $2,464 per troy ounce for gold and $28.20 per troy ounce for silver on a weekly closing basis. Gold has support at $2,522-$2,500 and resistance at $2,545-$2,560 per troy ounce, while silver has support at $28.66-$28.40 and resistance at $29.20-$29.55 per troy ounce.
Jain said on the MCX, gold has support at ₹71,400-₹71,180 and resistance at ₹71,800-₹72,040, while silver has support at ₹83,850-₹83,300 and resistance at ₹85,100-₹85,800. Jain suggests buying silver on dips around ₹83,800 with a stop loss of ₹83,200, targeting ₹85,000.
Big Events Tuesday September 03 2024 (India Time)
07:15 PM US S&P Global Manufacturing PMI Final AUG
07:30 PM US ISM Manufacturing PMI AUG
Kedia Commodity View
GOLD
Resistance: 71795-71985-72170
Support: 71420-71235-71045
SILVER
Resistance: 84960-85365-85820
Support: 84100-83645-83240
GOLD
Resistance: 2507.86-2516.36-2527.56
Support: 2490.5-2481.64-2470.44
SILVER
Resistance: 28.88-29.26-29.48
Support: 28.22-27.94-27.72
IBJA Gold Price Today in Carats, fineness and Purity:
24 carat gold price today (Purity 999)- Rs 71511/10 Gram
24 carat gold price today (Purity 995)- Rs 71225/10 Gram
22 carat gold price today (Purity 916) – Rs 65504/10 Gram
18 carat gold price today (Purity 750) – Rs 53633/10 Gram
14 carat gold price today (Purity 585) – Rs 41834/10 Gram
Silver Price Today (Purity 999) – Rs 82784 per kg
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Note: The prices listed on Gold Price Today are sourced from various jewellers and bullion associations across the country. The price of gold and silver in your city may vary, as local jewellers add GST, making charges, and hallmarking fees to the base price. Additionally, many jewellers charge a premium for their brand, leading to differences in gold and silver prices at different shops.
Disclaimer: The information in this article is intended for informational purposes only and reflects the views of the expert. Before making any investment decisions, it is recommended to seek the advice of a financial advisor. The individuals associated with Gold Price Today do not engage in the personal buying, selling, or trading of gold or silver. We cannot be held liable for any gains or losses incurred.