Gold Rate today | Silver price | Gold | Silver | MCX Gold price |: Gold and Silver price update for 6 March, 2023 Monday. Check 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price in various cities of India. Know outlook on gold and silver by India’s Big commodity experts like Manoj Jain, Prithvi Finmart and Anuj Gupta of IIFL Sec on gold and silver
Gold prices recovered from nine week lows and silver prices also recovered from four month lows. Gold prices crossed $1850 per troy ounce and silver prices also crossed $21.20 per troy ounce levels. Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect gold and silver to remain volatile this week and gold could test $1884 per troy ounce and silver could test $21.64 per troy ounce levels once again. Gold has support at $1850-1835, while resistance at $1874-1884 per troy ounce. Silver has support at $21.10-20.84, while resistance is at $21.64-22.00 per troy ounce.
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 6 March 2023 (Gold Price Today)
23 carat gold price – Rs 55900/10 gm
22 carat gold price – Rs 53600/10 gm
20 carat gold price – Rs 48700/10 gm
18 carat gold price – Rs 44000
14 carat gold price – Rs 34700
Sone ki Ginni ka Bhav – Rs 44400/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 67800/per kg
Gold Price in Lucknow issued by Lucknow Sarafa Association
24 carat gold – Rs 58500
22 karat gold – Rs 56800
18 carat gold – Rs 51900
Silver – Rs 67000
Gold Rate Today in Dehradun (5 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 57800 per 10 grams
23 carat gold price (958 Hallmark gold price) – 55370
22 carat gold price (916 Hallmark gold price) – 52840
20 carat gold price (833 Hallmark gold price) – 48150
18 carat gold price (750 Hallmark gold price) – 43930
14 carat gold price (583 Hallmark gold price) – 34680
Price of gold ginni (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 44650
Silver Price – Rs 67000 per kg
Silver Coin Hallmarked – Rs 790 per piece
Gold Rate in Mumbai (6 March 2023)
Gold 999- Rs 56108
Gold 995- Rs 55883
Gold 916- Rs 51395
Gold 750- Rs 42081
Gold Rs 585- Rs 32823
Silver 999- Rs 64293
Jain said gold and silver gained after profit taking in the dollar index and mixed global economic data. The Euro zone inflation is still at 8.5% and U.S. inflation was also higher than expected and supported precious metals at lower levels. Global equity markets also recovered last week. Crude oil also crossed its resistance levels and supported gold and silver prices.
According to Augmont weekly gold outlook ‘the rising dollar has been a primary driver of gold prices in recent weeks. The gold market continued to trend downward until it reached the $1810s level, which coincided with the metal’s 200-day moving average. The market may consolidate here while waiting for direction. But we most likely discovered a bottom. At domestic levels, Gold has value around Rs 55000 and prices may consolidate between Rs 55000 to Rs 56000 next week while waiting for direction.’
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 6 March 2023
BUY MCX GOLD Apr AT 55500, SL 55300, TARGET 55950
BUY MCX Silver May AT 63800, SL 63300, TARGET 65400
BUY MCX COPPER MAR AT 753, SL 747, TARGET 763
BUY MCX CRUDEOIL mar AT 6400, SL 6300, TARGET 6600
Kedia Advisory, Daily morning calls as on Monday, 6 March 2023
SELL GOLD APR 2023 at 55900, SL 56100, TGT 55650-55500.MCX
SELL SILVER MAY 2023 at 64800, SL 65500, TGT 64000-63500.MCX
SELL CRUDEOIL MAR 2023 at 6540, SL 6620, TGT 6450-6380.MCX
SELL NAT GAS MAR 2023 at 240.00, SL 246.00, TGT 233.00-228.00.MCX
SELL COPPER MAR 2023 at 760.00, SL 765.00, TGT 755.00-750.00.MCX
SELL ZINC MAR 2023 at 270.00, SL 273.00, TGT 267.00-264.00.MCX
SELL ALUMINIUM MAR 2023 at 211.00, SL 213.00, TGT 208.00-206.00.MCX
BUY LEAD MAR 2023 at 182.00, SL 181.00, TGT 183.00-184.00.MCX
The Atlanta Fed President Raphael Bostic advocates for 25 basis point rate hikes in the U.S. Fed March policy meetings. After his comments the dollar index showed profit taking and supported gold and silver prices.
According to Jain at MCX, gold is having support at 55550-55380 and resistance at 55920-56080 while silver is having support at 64000-63550 and resistance at 64950-65660. He suggest buying gold above 55700 with a stop loss of 55440 for the target of 56100 and also buy silver around 64200 with a stop loss of 63550 for the target of 65500.
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 5 March 2023 (Gold Price Today)
23 carat gold price – Rs 55500/10 gm
18 carat gold price – Rs 43900
14 carat gold price – Rs 34500
Sone ki Ginni ka Bhav – Rs 43300/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 66200/per kg
Gold Price in Lucknow issued by Lucknow Sarafa Association
24 carat gold – Rs 58500
22 karat gold – Rs 56800
18 carat gold – Rs 51900
Silver – Rs 66500
Gold Rate Today in Dehradun (5 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 57700 per 10 grams
23 carat gold price (958 Hallmark gold price) – 55280
22 carat gold price (916 Hallmark gold price) – 52750
20 carat gold price (833 Hallmark gold price) – 48060
18 carat gold price (750 Hallmark gold price) – 43850
14 carat gold price (583 Hallmark gold price) – 34620
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 44570
Silver Price – Rs 66000 per kg
Silver Coin Hallmarked – Rs 780 per piece
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.
