Gold Price Today, Gold News, Silver Price 16 Feb 2022: Gold and silver showed heavy profit taking at higher levels on Tuesday after Russia said it’s withdrawing its troops from Ukrainian borders. Investors booked profit from safe-haven assets and moved to riskier assets once again. Check rates of gold and silver in various cities of India. Know 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price for 16 February 2022.
However, weakness in the dollar index supported precious metal prices at lower levels. The U.S. producer price index for January is again hotter than expected and came up 9.7% on an annual basis. After a rise in PPI in January, the U.S. inflation will remain higher in upcoming months. The U.S. Federal Reserve could raise interest rates in March and also restrict gains of precious metals.
On Wednesday 16 February 2022, the price of gold became cheaper by Rs 800 and silver by Rs 1700 per kg in Chandigarh. In Dehradun, the price of gold became cheaper by Rs 800 and silver by Rs 2000 per kg. Check below the gold, silver rates of big cities.
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 16 February 2022
23 carat gold price – Rs 49700 (Rs 800 Down)
22 carat gold price – Rs 48100
20 carat gold price – Rs 44000
18 carat gold price – Rs 39800
14 carat gold price – Rs 31000
Gold Ginni Price – Rs.39500per 8 grams
Silver Price 999.9)- Rs 65100/kg (Rs1700 Down)
Gold Rate Today in Dehradun
24 carat gold price – Rs 51750 per 10 grams (Rs 800 Down)
23 carat gold price – 48810
22 carat gold price – 46570
20 carat gold price -42440
18 carat gold price – 38720
14 carat gold price- 30570
Gold Ginni – 39360
Silver Price – Rs 65000 per kg (Rs 2000 Cheaper)
Silver Coin Price – Rs 770 per piece
Gold and silver plunged on Tuesday after Russia withdraw its troops from Ukraine borders. Both precious metals were settled on a weaker note in the international markets. Gold April futures contract were settled at $1856.20 per troy ounce with a loss of -0.71% and silver March futures contract were settled at $23.34 per troy ounce with a loss of 2.12%.
Both precious metals were also settled on a weaker note in the domestic market of India. Gold April futures contract were settled at 49385 per 10 gram with a loss of 1.06% and silver March futures contract were settled at 62989 per one kilogram with a loss of 1.94%. At COMEX gold prices is trading at 1853 Dollar (Down 3 Dollar). Silver is trading at 23.31 Dollar (0.027 down) in morning.
Note: For Daily update on Gold and Silver price and market outlook COMEX, MCX and Spot write ‘Gold News Update’ and send it on Whatsapp no 8448469588
Manoj Jain, Director of Commodity and Currency, Prithvi Finmart expect precious metals to remain volatile in today’s session ahead of U.S. retail sales data and could face resistance at higher levels.
Jain said at COMEX gold is having support at $1845-1832 per troy ounce and resistance at $1866-1880 per troy ounce while silver is having support at $23.00-22.70 per troy ounce and resistance at $23.55-23.80 per troy ounce.
In India at mcx, gold is having support at 49100-48850 and resistance at 49550-49700 while silver is having support at 62600-62220 and resistance at 63300-63800 levels. We suggest selling gold on rise around 49600 with a stop loss of 49850 for the target of 49200.
Manoj Jain, Prithvi Finmart, Daily Calls-15 February 2022
Sell Gold at 49600, stop loss49850, Target 49,200
Ajay Kedia, Kedia Commodity, Daily Call -15 February 2022
Buy Gold April 2022 at 49250, Stop loss at 49050, Target 49450-49600. MCX
Buy Silver March 2022 at 62700, Stop loss at 62400, Target 63200-63500. MCX
Anuj Gupta, IIFL Sec, Daily Commodity Calls-15 February 2022
Buy Gold April at 49300, Stop loss 49000, Target 50000
Buy Silver March at 62800, Stop loss 62350, Target 63800
Buy MCX Copper Feb at 765, Stop loss 757, Target 775
Buy Crude Oil Feb at 6820, Stop loss 6740, Target 7000
Buy USDINR Feb at 75.20, Stop loss 74.95, Target 75.5
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 15 February 2022
23 carat gold price – Rs 50500 (Rs 800 Increased)
22 carat gold price – Rs 48900
20 carat gold price – Rs 44800
18 carat gold price – Rs 40600
14 carat gold price – Rs 31800
Gold Ginni Price – Rs.40300per 8 grams
Silver Price 999.9)- Rs 66800/kg (Rs 800 Increased)
Manoj Jain said dollar index to remain volatile in today’s session ahead of the U.S. retail sales data but hold its support level of 95.60. On the other hand, the rupee showed strength after weakness in the dollar index and crude oil prices. The dollar index and global oil prices plunged on Tuesday after easing tensions between Russian and Ukraine and supported the rupee.
Rupee also gained after strong recovery in the domestic equity markets. However, higher than expected domestic inflation data restricted gains of the rupee. Jain says the rupee to remain volatile in today’s session and could face steep resistance around 75.0000 levels.
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.
Follow Gold Price Today on Twitter
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.