Gold Rate today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 23 June 2022, Thursday. 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.
Gold and silver showed very high volatility on Wednesday as the U.S. Federal Reserve Chairman maintains a hawkish stance in his testifies before the U.S. congress. He said that the U.S. Federal Reserve could continue to raise interest rates to tame inflation.
There was no surprise in his comments and markets reacted negatively after his comments. Gold and silver also see pressure after sharp fall in crude oil prices as the U.S. President Cuts fuel tax. However, British inflation hit its highest levels in the month of May in the last 40 years to 9.1% and Canadian CPI inflation also rose more than expectations and supported precious metals at lower levels. Weakness in the global equity markets, profit taking in the dollar index and the U.S. bond yields also supported gold and silver at lower levels.
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Manoj Jain Director of Commodity and Currency in Prithvi Finmart expect both precious metals to remain volatile in today’s session. Gold and Silver could hold their support levels of $1822 per troy ounce and $21.00 per troy ounce respectively.
Jain said gold is having support at $1828-1812 per troy ounce and resistance at $1850-1866 per troy ounce while silver is having support at $21.10-20.84 per troy ounce and resistance at $21.70-22.00 per troy ounce. He said at MCX, gold is having support at 50720-50550 and resistance at 51100-51330 while silver is having support at 60100-59750 and resistance at 61000-61550. He suggest buying in the silver on dips around 60200 with a stop loss of 59750 for the target of 61200.
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Anuj Gupta, VP, IIFL Fin Sec, Daily Commodity Calls 23 June 2022
Buy Gold Aug at 50700, SL 50450, TARGET 51300
BUY silver july at 60000, SL 59450, TARGET 61500
BUY MCX COPPER June AT 725, SL 718, Target 735
Sell crude oil July at 8450, SL 8650, Target 8000
Buy usdinr June at 78.20, SL 77.90, Target 78.70
Kedia Advisory, Daily Commodity Calls 23 June 2022
BUY GOLD AUG 2022 @ 50700 SL 50500 TGT 51000-51200.MCX
BUY SILVER JUL 2022 @ 60500 SL 60000 TGT 61200-61600.MCX
BUY CRUDEOIL JUL 2022 @ 8200 SL 8060 TGT 8380-8500.MCX
SELL NAT GAS JUN 2022 @ 555.00 SL 575.00 TGT 525.00-510.00.MCX
BUY COPPER JUN 2022 @ 726.00 SL 722.00 TGT 734.00-738.00.MCX
BUY ZINC JUN 2022 @ 312.00 SL 307.00 TGT 318.00-322.00.MCX
BUY ALUMINIUM JUN 2022 @ 214.00 SL 212.00 TGT 218.00-220.00.MCX
BUY LEAD JUN 2022 @ 185.00 SL 183.00 TGT 188.00-189.00.MCX
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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 22 June 2022 (Gold Price Today)
23 carat gold price – Rs 50500
22 carat gold price – Rs 49400
20 carat gold price – Rs 44700
18 carat gold price – Rs 40500
14 carat gold price – Rs 32000
Sone ki Ginni ka Bhav – Rs 40700/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 62800/per kg
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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.