Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 18 April 2022, Tuesday. 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 extended its gain on Monday in the international markets amid gains in global energy prices and fear of higher inflation. Gold and silver prices gained amid major risk aversion as Russia-Ukraine war not showing any sign of ending in the near future and lockdown in major cities of China could derail global economic growth once again.
Gold prices hit a six week high and tested $2000 per troy ounce again and silver also crossed $26 per troy ounce levels. Despite strength in the dollar index and U.S. bond yields and fears of aggressive Fed monetary tightening both precious metals gained in the international markets.
The dollar index hit fresh two year highs and benchmark 10-year bond yields also crossed three year highs amid prospects of aggressive rate hikes by the U.S. Federal Reserves. Higher global energy prices pushing global inflation higher and weakness in global equity markets supporting safe-haven buying of precious metals.
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Manoj Jain, Director of Commodity and Currecny in Prithvi Finmart expect both precious metals to remain volatile and continue to hold their support levels. Gold is expected to hold $1950 per troy ounce and silver could hold $25.55 per troy ounce on a closing basis. Any decline in prices would be a buying opportunity in both precious metals.
He said gold is having support at $1974-1958 per troy ounce and resistance at $2000-2018 per troy ounce while silver is having support at $25.88-25.60 per troy ounce and resistance at $26.40-26.70 per troy ounce. At MCX, gold is having support at 53080-52900 and resistance at 53600-53850 while silver is having support at 69550-69100 and resistance at 70350-70700 levels.
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Manoj Jain suggest buying gold on dips around 53100 with a stop loss of 52880 on a closing basis for the target of 53660 and silver around 69500 with a stop loss of 68900 on a closing basis for the target of 70700.
Anuj Gupta, IIFL Sec, Daily Commodity Calls 19 April
Buy Gold June at 53000, Stop Loss 52650, TARGET 53700
Buy silver May at 69500, Stop Loss 68950, TARGET 70500
Buy MCX COPPER Apr AT 832, Stop Loss 826,TARGET 842
Buy Crude Oil Apr at 8200, Stop Loss 8050, TARGET 8450
Sell USDINR apr AT 76.40, Stop Loss 76.60, TARGET 75.80
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 18 April 2022 (Gold Price Today)
23 carat gold price – Rs 53000
22 carat gold price – Rs 52000
20 carat gold price – Rs 47000
18 carat gold price – Rs 42300
14 carat gold price – Rs 33900
Sone ki Ginni ka Bhav – Rs 42800/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 72200/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. Gold Price Today will not be responsible for any loss caused to you.