Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 30 March 2022, Wednesday. 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 sharply declined amid positive talks between Russia-Ukraine for de-escalation.Gold and silver plunged in third straight session and hit five week lows after progress in the peace talks between Russia-Ukraine. Precious metal’s safe-haven demand is taking a significant hit as Russia and Ukraine start new peace talks in Istanbul, Turkey on Wednesday.
According to media reports Ukraine has proposed adopting a neutral status in exchange for security guarantees. At the same time Russia has also stated that it will “dramatically” reduce its military operations near Kyiv and Chernihiv. However, prices recovered from their lows amid sharp decline in the dollar index and weakness in the U.S. bond yields.
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The dollar index slipped to one week lows and 10-year bond yields in the United States declined by 1% and supported precious metals at lower levels. Gold tested its support level of $1884 per troy ounce and silver also tested its support level of $24.84 per troy ounce on Wednesday.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect both precious metals to remain volatile in today’s session ahead of the U.S. GDP and ADP non-farm data.
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According to Jain gold is having support at $1900-1884 per troy ounce and resistance at $1922-1934 per troy ounce while silver is having support at $24.40-24.20 per troy ounce and resistance at $25.10-25.44 per troy ounce.
He said at MCX, gold is having support at 50580-50350 and resistance at 51000-51220 while silver is having support at 66450-66000 and resistance at 67500-68100 levels. We suggest buying silver on dips around 66500 with a stop loss below 66000 on a closing basis for the target of 68000.
Anuj Gupta, IIFL Sec, Daily Commodity Calls 30 March
Sell Gold Apr at 51550, SL 51850, Target 51000
Sell Silver May at 67500, SL 68200, Target 66500
Sell MCX COPPER Apr AT 822, SL 828, Target 812
Sell Crude oil apr at 8100, SL 8410, Target 7600
Sell USDINR apr AT 76.40, SL 76.60, Target 75.80
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Ajay Kedia, Kedia Commodity, Daily Commodity Calls 30 March
BUY GOLD 50750, SL 50450, TGT 51250
BUY SILVER 66900, SL 66000, TGT 68200
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 29 March 2022 (Gold Price Today)
23 carat gold price – 50800 rupees (100 rupees expensive)
22 carat gold price – Rs 49800
20 carat gold price – Rs 45000
18 carat gold price – Rs 40700
14 carat gold price – Rs 32200
Sone ki Ginni ka Bhav – Rs 41000/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 69900/per kg (expensive by Rs 200)
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. Gold Price Today will not be responsible for any loss caused to you.
