Gold Rate today | Silver price | Gold | Silver | MCX Gold price : Gold Price, Silver price update for 3 March 2023, Friday. 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.
According to Kedia Advisory gold yesterday settled down by -0.16% at 55739 weighed down by a firmer dollar and as outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve. The Institute for Supply Management survey showed raw materials prices increasing last month, with the rebound in prices at the factory gate suggesting inflation could remain elevated for a while. U.S. Federal Reserve officials were divided over whether recent high inflation data and a continually hot jobs market will require even more restrictive interest rates, or just patience in maintaining tight monetary policy for a longer period of time.
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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 3 March 2023 (Gold Price Today)
23 carat gold price – Rs 55700/10 gm
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 – 66200
Gold Rate Today in Dehradun (3 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) – 52840
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
In remarks to a business event in Sioux Falls, South Dakota, Minneapolis Fed President Neel Kashkari said he was inclined “to push up my policy path” after a recent government report showed the Fed’s preferred inflation index accelerated in January to a 5.4% annual rate, more than double the Fed’s 2% target and slightly faster than the month before. Kashkari, a voter on Fed rate policy this year, said he had not made a final call yet on a new projection for the target federal funds rate.
According to Kedia Advisory Technically market is under long liquidation as the market has witnessed a drop in open interest by -3.24% to settle at 10844 while prices are down -91 rupees, now Gold is getting support at 55655 and below same could see a test of 55570 levels, and resistance is now likely to be seen at 55875, a move above could see prices testing 56010.
The number of Americans filing new claims for unemployment fell again last week, pointing to sustained labor market strength that could keep the Federal Reserve raising interest rates. Initial claims for state unemployment benefits dropped 2,000 to a seasonally adjusted 190,000 for the week ended Feb. 25, the Labor Department said. It was the seventh straight week that claims remained below 200,000. Labor market resilience and stubbornly high inflation have increased the odds of the Fed raising interest rates at least three more times this year instead of twice.
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Kedia Advisory said technically market is under fresh selling as the market has witnessed a gain in open interest by 7.49% to settle at 15006 while prices are down -507 rupees, now Silver is getting support at 63768 and below same could see a test of 63502 levels, and resistance is now likely to be seen at 64416, a move above could see prices testing 64798.
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 3 March 2023
BUY MCX GOLD Apr AT 55500, SL 55300, TARGET 55950
BUY MCX Silver May AT 63500, SL 63000, TARGET 64600
BUY MCX COPPER MAR AT 757, SL 752, TARGET 767
BUY MCX CRUDEOIL mar AT 6350, SL 6250, TARGET 6500
Buy NSE NIFTY AT 17350, SL 17180, TARGET 17580
BUY NSE BANKNIFTY AT 40100, SL 39650, TARGET 40800
SELL NSE USDINR MAR AT 82.90, SL 83.10, TARGET 82.
Kedia Advisory, Daily morning calls as on Wednesday, 3 March 2023
BUY GOLD APR 2023 at 55750, SL 55550, TGT 56000-56150.MCX
SELL SILVER MAY 2023 at 63800, SL 633300, TGT 64500-65000.MCX
SELL CRUDEOIL MAR 2023 at 6520, SL 6620, TGT 6400-6320.MCX
BUY NAT GAS MAR 2023 at 225.00, SL 221.00, TGT 230.00-234.00.MCX
BUY COPPER MAR 2023 at 760.00, SL 755.00, TGT 766.00-770.00.MCX
BUY ZINC MAR 2023 at 270.00, SL 267.00, TGT 274.00-276.00.MCX
BUY ALUMINIUM MAR 2023 at 209.00, SL 207.00, TGT 212.00-214.00.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 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
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 (2 March 2023)
Gold 999- Rs 56140
Gold 995- Rs 55195
Gold 916- Rs 51424
Gold 750- Rs 42064
Gold Rs 585- Rs 32842
Silver 999- Rs 64246
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.
