Gold Rate today | Silver price | Gold | Silver | MCX Gold price : Gold Price, Silver price update for 31 March 2023, Friday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart, Market and Commodity Expert Sugandha Sachdeva 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 Manoj Kumar Jain Director of Commodity and Currency in Prithvi Finmart gold and silver gained in the international markets amid profit taking in the dollar index and regaining investor’s confidence after easing banking fears in the United States. The dollar index slipped below 102 marks after the deal of First Citizen bank with SVC bank.
Silver prices hit two month high in the international markets and gold is also trading at nearly one year highs. The U.S. data released this week were also mixed and supported precious metals. The U.S. unemployment claims surged again to 1,98,000 against expected claims of 1,96,000 while final quarterly GDP showed growth of 2.6% against expected growth of 2.7%. The U.S. data was slightly lower than expected and supported precious metals.
Jain expect gold and silver prices to remain positive in today’s session and this week’s U.S. core PCE price index data could give further directions. Gold has support at $1984-1970, while resistance at $2014-2030 per troy ounce. Silver has support at $23.70-23.44, while resistance is at $24.32-24.58 per troy ounce.
He said at MCX, gold is having support at 59700-59480 and resistance at 60050-60255 while silver is having support at 71200-70750 and resistance at 72200-72850. He suggest buying gold on dips around 59650 with a stop loss of 59330 for the target of 60100 and also suggest buying silver on dips around 71250 with a stop loss of 70700 for the target of 72500.
According to Market and Commodity Expert Sugandha Sachdeva gold has maintained its charm while logging strong gains in the previous session even as the concerns about the banking sector crisis are abating and risk on sentiments are returning to the markets. The recent softening of the dollar index has been a key variable supporting the outlook for gold as market participants are expecting that the US Fed will not hike rates much higher than the current levels.
Sachdeva said price structure indicates that a convincing move above Rs.60000 per 10gm mark (June contract) could lead to further gains towards Rs.60600 per 10gm. Having said that, the $2000 per ounce mark remains a key hurdle for the near term. Meanwhile, near-term support is seen at Rs.59450 per 10gm mark. All eyes would now be on the US PCE price index data, the Fed’s favored inflation gauge that could provide further cues about the central bank’s policy stance going forward.
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 31 March 2023
BUY MCX GOLD AT 59100, SL 58850, TARGET 59600
BUY MCX Silver May AT 71400, SL 70850, TARGET 72500
BUY MCX COPPER APR AT 775, SL 767, TARGET 788
Buy MCX CRUDEOIL Apr AT 6000, SL 5870, TARGET 6200
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 30 March 2023 (Gold Price Today)
23 carat gold price – Rs 58900/10 gm
22 carat gold price – Rs 56400
20 carat gold price – Rs 51400
18 carat gold price – Rs 46400
14 carat gold price – Rs 36500
Sone ki Ginni ka Bhav – Rs 46700/ per 8 grams
Silver Price – 72500
Gold Rate Today in Dehradun (30 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 60600 per 10 grams
23 carat gold price (958 Hallmark gold price) – 58050
22 carat gold price (916 Hallmark gold price) – 55410
20 carat gold price (833 Hallmark gold price) – 50480
18 carat gold price (750 Hallmark gold price) – 46060
14 carat gold price (583 Hallmark gold price) – 36360
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 46810
Silver Price – Rs 72000 per kg
Silver Coin Hallmarked – Rs 840 per piece
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.
