Gold Rate today | Silver price | Gold | Silver | MCX Gold price : Gold, Silver price update for 2 March 2023. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart 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.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says gold and silver shows some more short covering and bargain buying at lower levels after downbeat U.S. ISM manufacturing PMI data. The U.S. ISM manufacturing index remained in contraction territory in February, rising to 47.7%, up slightly from January’s reading of 44.7%.
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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 2 March 2023 (Gold Price Today)
23 carat gold price – Rs 55700/10 gm (Rs 100 Down)
22 carat gold price – Rs 53400
20 carat gold price – Rs 48500
18 carat gold price – Rs 43800
14 carat gold price – Rs 34500
Sone ki Ginni ka Bhav – Rs 44200/ per 8 grams
Silver Price – 66600
Gold Rate Today in Dehradun (2 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 gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 44650
Silver Price – Rs 66000 per kg
Silver Coin Hallmarked – Rs 780 per piece
The report noted that activity in the manufacturing sector remains at its lowest level since May 2020. Reading below 50 indicates slower growth of the economy. Gold and silver prices also supported by a weaker dollar index. The dollar index shows profit taking after strength in Chinese Yuan. However, strength in the U.S. 10-year bond yields restricted gains of precious metals. The U.S. 10-year bond yield tested 4.0% amid anticipation of further Fed rate hikes.
Manoj Jain expect gold and silver prices to remain volatile in today’s session ahead of the European CPI data and U.S. unemployment claim number. Gold could face resistance around $1858 and silver could face resistance around $21.60 in today’s session. Gold has support at $1834-1822, while resistance at $1858-1870 per troy ounce. Silver has support at $20.84-20.55, while resistance is at $21.40-21.64 per troy ounce.
Jain said MCX, gold is having support at 55660-55500 and resistance at 55950-56080 while silver is having support at 64000-63550 and resistance at 64900-65350. He suggest buying silver on dips around 64000 with a stop loss of 63400 for the target of 65200.
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Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 1 March 2023
BUY MCX GOLD Apr AT 55700, SL 55350, TARGET 56200
Sell MCX Silver May AT 64000, SL 63450, TARGET 65000
BUY MCX COPPER MAR AT 772, SL 765, TARGET 780
BUY MCX CRUDEOIL mar AT 6300, SL 6200, TARGET 6450
Kedia Advisory, Daily morning calls as on Wednesday, 1 March 2023
SELL GOLD APR 2023 at 56000, SL 56200, TGT 55750-55550.MCX
SELL SILVER MAY 2023 at 65200, SL 65600, TGT 64500-64000.MCX
BUY CRUDEOIL MAR 2023 at 6250, SL 6180, TGT 6350-640.MCX
SELL NAT GAS MAR 2023 at 232.00, SL 236.00, TGT 227.00-222.00.MCX
SELL COPPER MAR 2023 at 776.00, SL 780.00, TGT 768.00-765.00.MCX
SELL ZINC MAR 2023 at 274.00, SL 278.00, TGT 270.00-267.00.MCX
SELL ALUMINIUM MAR 2023 at 213.00, SL 216.00, TGT 209.00-207.00.MCX
BUY LEAD MAR 2023 at 182.00, SL 181.00, TGT 183.00-184.00.MCX
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 1 March 2023 (Gold Price Today)
23 carat gold price – Rs 55600/10 gm (Rs 100 Down)
22 carat gold price – Rs 53200
20 carat gold price – Rs 48400
18 carat gold price – Rs 43700
14 carat gold price – Rs 34400
Sone ki Ginni ka Bhav – Rs 43100/ per 8 grams
Gold Rate Today in Dehradun (1 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 57500 per 10 grams
23 carat gold price (958 Hallmark gold price) – 55090
22 carat gold price (916 Hallmark gold price) – 52570
20 carat gold price (833 Hallmark gold price) – 47900
18 carat gold price (750 Hallmark gold price) – 43700
14 carat gold price (583 Hallmark gold price) – 34500
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 44420
Silver Price – Rs 67000 per kg
Silver Coin Hallmarked – Rs 790 per piece
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 in Mumbai (1 March 2023)
Gold 999- Rs 56085
Gold 995- Rs 55860
Gold 916- Rs 51374
Gold 750- Rs 42064
Gold Rs 585- Rs 32810
Silver 999- Rs 64407
Note: The prices being given 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 in gold/silver