Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group | Comex Group Gold Price | London Spot: Gold Price, Silver price update for 27 June 2023, Tuesday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart, Ajay Kedia, Kedia Commodity and Anuj Gupta of IIFL Fin Sec, Nirmal Bang Securities, Kotak Securities, Motilal Oswal Financial Services, SMC Global Securities and Geojit on Comex 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 Group and MCX.
Gold and silver gained on Monday amid some safe-haven demand after revolt in Russia by one personal army group over the weekend. Latest geo-political tensions in the nuclear armed nation create fears in the global financial markets. Global equity markets were also showed profit taking on Monday and supported safe-haven demand for precious metals. The U.S. 10-year bond yields also slipped and the dollar index also showed profit taking from their highs and supported gold and silver. The dollar index slipped ahead of the U.S. inflation data and that could decide further trend of precious metals.
Manoj Kumar Jain, Director, Prithvi Finmart
‘We expect gold and silver prices to remain volatile this week ahead of the U.S. consumer durable and core durable goods orders data and could hold its support levels. Gold has support at $1922-1908, while resistance at $1944-1958 per troy ounce. Silver has support at $22.55-22.30, while resistance is at $23.10-23.40 per troy ounce.’
Comex Gold and Silver Update by Nirmal Bang Securities 26 June 2023
‘Gold prices are supported at lower levels like 1940-44 and likely to test 1970-90. We are recommending to buy on dips around 1955-50 for a target of 1970-80. For silver recommend buying around 23.50-40 for a target of 24.60-80.’
Gold LBMA Spot Geojit Daily Report 27 June 2023
Gold LBMA Spot: Consistent trades below $1900 would extend liquidation. Else, recovery upticks are on the cards.
Silver LBMA Spot:Further selloffs are expected only a break of $22. Ifunable to break the same expect mild recovery upticks for the day.
Ajay Kedia Director Kedia Commodity Comex Gold Levels
GOLD$ – 1923.24
Resistance: 1930.6-1937.9-1942.7-1949.6
Support: 1918.4-1913.5-1906.2-1899.3
SILVER$ – 22.79
Resistance: 22.96-23.13-23.4-23.57
Support: 22.52-22.26-22.09-21.92
Rahul Kalantri, VP Commodities, Mehta Equities
‘We expect gold and silver to remain volatile in today’s session. Gold has support at $1918-1907 while resistance is at $1938-1951. Silver has support at $22.72-22.55, while resistance is at $23.10-23.26.’
Data to Watch Today 27 June 2023 (India Time)
27th June 06:30 PM United States HPI m/m
27th June 06:30 PM United States S&P/CS Composite
27th June 07:30 PM United States New Home Sales
Gold Ratio
Gold Silver Ratio: 83.99
Gold Crude Ratio: 27.88
Gold London: Gold and Silver Fix
Gold London AM Fix($/oz): 1930.55
Gold London PM Fix($/oz): 1922.90
Silver London Fix($/oz): 22.80
ETF Holdings as on Previous Close
SPDR Gold: 927.10 (Long), -2.6 (Short)
iShares Silver: 14,612 (Long),00 (Short)
Weekly CFTC Positions
Gold($/oz): 128005 (Long), 33379 (Short), 94626 (Net)
Silver: 38344 (Long), 27043 (Short), 11301 (Net)
COMEX Futures Watch (Last Close)
Gold($/oz) Aug 23: 1933.80 Dollar (Close), 4.20 (Change)
Silver($/oz) JUL 23: 23.02 Dollar (Close), 0.48 (Change)
Nirmal Bang Securities Gold Fundamental Outlook For 26 June 2023
‘Gold and silver prices are trading higher on international bourses. We expect gold to trade higher for the day on prospects for more interest-rate hikes from major central banks.We recommend buying around 23.50-40 for a target of 24.60-80.’
SMC Global Securities Views on MCX Gold and Silver 26 June
‘MCX Gold may trade in the range of 58200-58700, Silver also trades in the range of 68900-69400 where selling near resistance is advised. Gold prices were flat on Tuesday, hovering slightly above their three-month lows, while the U.S. dollar strengthened as traders looked to hedge against a political turmoil in Russia and the Federal Reserve’s hawkish outlook.’
Daily Commodity Calls Nirmal Bang Securities 27 June 2023
BUY GOLD AUG (MCX) AT 58400 SL 58180 TARGET 58700/58900
BUY SILVER JULY (MCX) AT 68800 SL 68200 TARGET 69700/70000
Kedia Commodity MCX Gold, Silver Levels
MCXBULLDEX – 15710
Resistance: 15760-15811-15846
Support: 15674-15639-15588
GOLD – 58412
Resistance: 58604-58796-58922
Support: 58286-58160-57968
SILVER – 69185
Resistance: 69565-69945-70428
Support: 68702-68219-67839
Geojit Intraday Technical Outlook Gold and Silver 27 June 2023
MCX Gold: Consistent trades below Rs 59000 would extend weakness. Break above Rs 60500 is a sign of recovery momentum.
MCX Silver: Choppy with mild recovery upticks expected initially. However stiff resistance is placed at Rs 72000.
Manoj Kumar Jain, Director, Prithvi Finmart
‘At mcx, gold is having support at 58280-58100 and resistance at 58600-58820 while silver is having support at 68550-68100 and resistance at 69700-70250. We suggest buying gold on dips around 58250 with a stop loss of 58080 for the target of 58660.’
Anuj Gupta, VP, IIFL Securities
BUY MCX CRUDEOIL JULY AT 5600 SL 5500 TARGET 5800
BUY MCX GOLD AUG AT 58200 SL 58000 SL 58750
BUY MCX SILVER JULY AT 68500 SL 68000 TARGET 70000
BUY MCX COPPER JULY AT 714 SL 708 TARGET 726
BUY NIFTY AT 18650 SL 18550 TARGET 18800
BUY BANKNIFTY AT 43200 SL 42800 TARGET 44900 / 44200
BUY SENSEX AT 62600 SL 62200 TARGET 63200
SELL USDINR AT 82.10 SL 82.25 TARGET 81.70
Kedia Commodity Daily morning calls as on Tuesday, June 27, 2023
BUY GOLD AUG 2023 at 58250 SL 58050 TGT 58600-58800.MCX
BUY SILVER JUL 2023 at 68500 SL 67800 TGT 69300-69800.MCX
BUY CRUDEOIL JUL 2023 at 5650 SL 5550 TGT 5750-5850.MCX
SELL NAT GAS JUL 2023 at 238.00 SL 245.00 TGT 232.00-226.00.MCX
BUY COPPER JUL 2023 at 715.00 SL 710.00 TGT 722.00-726.00.MCX
BUY ZINC JUL 2023 at 211.00 SL 208.00 TGT 214.00-216.00.MCX
BUY ALUMINIUM JUL 2023 at 195.00 SL 193.00 TGT 198.00-200.00.MCX
BUY LEAD JUL 2023 at 180.00 SL 179.00 TGT 181.00-182.00.MCX
Gold Price Today in Carats, fineness and Purity:
24 carat gold price today (Purity 999)- Rs 60300/10 Gram
22 carat gold price today (Purity 916) – Rs 55900/10 Gram
18 carat gold price today (Purity 750) – Rs 45900/10 Gram
14 carat gold price today (Purity 585) – Rs 36100/10 Gram
Silver Price Today (Purity 999) – Rs 72300 per kg
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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 jewellers add GST, making charges and hallmarking charges to the gold price. Many jewellers 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: The information presented in this article is i intended for informational purposes only and reflects the views of the expert. Prior to making any investment decisions, it is recommended that you seek the advice of a financial advisor. The individuals affiliated with Gold Price Today do not engage in the personal buying, selling, or trading of gold/silver. We cannot be held liable for any gains or losses incurred.