Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 4 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.
Gold and silver plunged last week amid strong U.S. job data, firm dollar and rising U.S. bond yields. The nonfarm payrolls report showed that 4,31,000 jobs were added last month, against an estimates of 4,90,000 jobs, while data for February job increases were revised higher at 6,78,000. The unemployment rate dropped to 3.6%, lowest since February 2020.
The dollar index remains firm amid upbeat U.S. job report and weakness in crude oil prices. The U.S. bond yields are also gained and cap gains of precious metals. However, Russia-Ukraine conflicts and lockdown in China due to rising covid-19 cases supported gold and silver at lower levels. Gold prices hold $1900 per troy ounce and silver also holds $24 per troy ounce on a closing basis.
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Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says we expect both precious metals to remain volatile this week ahead of the FOMC meeting minutes. Gold has support at $1914-1900, while resistance at $1933-1945 per troy ounce. Silver has support at $24.40-24.00, while resistance is at $25.10-25.55 per troy ounce.
Ajay Kedia, Head of Kedia Commodity said gold, silver prices are expected to rise this week. On the other hand, according to Anuj Gupta, VP at India Infoline Securities, profit-booking can be seen in gold, silver this week. According to him, the price of gold in the international market can show the level of $1910. According to him, a slight fall in silver is also expected this week. In the international market, the price of silver can go up to $24.
He said at MCX, gold is having support at 51440-51200 and resistance at 51800-51950 while silver is having support at 66300-65880 and resistance at 67100-67660. Gold is expect to trade in the range of 51330-51850 and silver could trade in the range of 66100-67200 in today’s session.
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Anuj Gupta, IIFL Sec, Daily Commodity Calls 4 April
Sell Gold Apr at 51900, Stop Loss 52250, Target 51300
Sell Silver May at 67300, Stop Loss 6810,Target 66000
Sell MCX COPPER Apr AT 822, Stop Loss 827, Target 810
Sell Crude oil apr at 7750 Stop Loss 8050, Target 7200
Sell USDINR apr AT 76.20, Stop Loss 76.40, Target 75.70
Ajay Kedia, Kedia Commodity, Daily Commodity Calls 4 April
BUY GOLD 51450, Stop Loss 51250, Stop Loss 51850
BUY SILVER 66500, Stop Loss 65900, Stop Loss 67500
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 3 April 2022 (Gold Price Today)
23 carat gold price – 51100 rupees (100 rupees expensive)
22 carat gold price – Rs 50100
20 carat gold price – Rs 45200
18 carat gold price – Rs 40900
14 carat gold price – Rs 32500
Sone ki Ginni ka Bhav – Rs 41200/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 68900/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.
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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.