Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 18 April 2022, Monday. Know Views of India’s Big commodity experts like Manoj Jain of Prithvi Finmart, Ajay Kedia of Kedia Commodity 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.
On Friday, gold and silver were settled on a weaker note in the international markets. Gold and silver slipped from their four and two week highs on Friday after record gains in the dollar. The dollar index surged to two year highs and triggered profit taking in precious metals. However, record global energy prices and inflation fears are supporting precious metals.
The U.S. inflation reached 40 year highs and U.K. inflation also crossed 30 year highs. Higher energy prices continue to fuel global inflation. Escalation in Russia-Ukraine war is also supported precious metals. Despite hawkish stance of the U.S. Federal Reserve gold and silver holding their support levels.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says precious metals to remain volatile this week and could test its resistance levels of $2000 per troy ounce and $27 per troy ounce respectively. He said any decline in prices would be a buying opportunity in precious metals.
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According to Jain gold has support at $1958-1945, while resistance at $1988-2000 per troy ounce. Silver has support at $25.55-25.30, while resistance is at $26.15-26.50 per troy ounce. At mcx, gold is having support at 52770-52550 and resistance at 53180-53440 while silver is having support at 68550-68100 and resistance at 69440-70000.
He suggest buying gold on dips around 52770 with a stop loss of 52550 on a closing basis for the target of 53200 and silver around 68550 with a stop loss of 67900 for the target of 70000.
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Anuj Gupta, IIFL Sec, Daily Commodity Calls 18 April
Buy Gold June at 52700, SL 52450, TARGET 53500
Buy silver May at 68800, SL 68250, TARGET 71000
Buy MCX Copper Apr AT 816, SL 811, TARGET 830
Buy Crude Oil Apr at 7900, SL 7790, TARGET 8300
Sell USDINR apr AT 76.30, SL 76.50, TARGET 75.80
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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 17 April 2022 (Gold Price Today)
23 carat gold price – Rs 52700
22 carat gold price – Rs 51700
20 carat gold price – Rs 46700
18 carat gold price – Rs 42300
14 carat gold price – Rs 33600
Sone ki Ginni ka Bhav – Rs 42500/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 71400/per kg
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. Gold Price Today will not be responsible for any loss caused to you.