Gold Rate today | Silver price | Gold | Silver | MCX Gold price : Gold, Silver price update for 26 February, 2023 Friday. 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.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says gold and silver extended its fall last week and gold prices slipped to nearly two month lows and silver prices also slipped to 3.5 month lows in the international markets. Gold and silver extended its fall after strong gains in the dollar index.
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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 26 February 2024 (Gold Price Today)
23 carat gold price – Rs 55400/10 gm
22 carat gold price – Rs 53100
20 carat gold price – Rs 48300
18 carat gold price – Rs 43600
14 carat gold price – Rs 34200
Sone ki Ginni ka Bhav – Rs 43900/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 66200/per kg
The dollar index surged to two month highs and crossed 105 marks, the U.S. 10-year bond yields also crossed 3.90% levels amid further aggressive interest rate hike expectations from the U.S. Fed. The U.S. Fed officials advocates for further 50 basis point rate hikes amid hotter than expected U.S. inflation and strong economic data.
The U.S. PCE price index shows growth of 0.6% in January against a growth of 0.4% in December month. The U.S. yearly inflation expectation of 4.7% against it was 4.6% in December month.
Jain said strength in the dollar could continue to push precious metals lower. Gold prices could test $1800 per troy ounce and silver could also test $20 per troy ounce levels in the upcoming sessions.
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According to Manoj Jain gold has support at $1804-1792, while resistance at $1834-1845 per troy ounce. Silver has support at $20.40-20.10, while resistance is at $21.00-21.40 per troy ounce. At mcx, gold is having support at 55220-55000 and resistance at 55600-55820 while silver is having support at 64000-63550 and resistance at 64950-65400. He suggested selling gold on rise around 55650 with a stop loss of 55920 for the target of 55100
Anuj Gupta, VP in IIFL Sec said gold has support at Rs 55200-55700 on MCX next week and resistance at Rs 55800-56200. Silver has support at Rs 62500-61000 while resistance is at Rs 65000-66500.
According to Gupta, the gold price on COMEX has lower support at $1800-1780 while resistance at $1835-1860. Gupta has advised to sell gold and silver on the rise.
Gold Price in Lucknow issued by Lucknow Sarafa Association
24 carat gold – Rs 58300
22 karat gold – Rs 56600
18 carat gold – Rs 51700
Silver – Rs 66500
Gold Rate Today in Dehradun (26 February 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 57300 per 10 grams
23 carat gold price (958 Hallmark gold price) – 54890
22 carat gold price (916 Hallmark gold price) – 52390
20 carat gold price (833 Hallmark gold price) – 47730
18 carat gold price (750 Hallmark gold price) – 43550
14 carat gold price (583 Hallmark gold price) – 34380
Price of gold gin (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 44260
Silver Price – Rs 66000 per kg
Silver Coin Hallmarked – Rs 780 per piece
IBJA Gold Rate in Mumbai (24 February 2023)
Gold 999- Rs 56038
Gold 995- Rs 55814
Gold 916- Rs 51331
Gold 750- Rs 42029
Gold Rs 585- Rs 32782
Silver 999- Rs 64549
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.