Gold price today, Silver price, COMEX Gold price: Gold and silver gained on Thursday amid safe haven demand continue to support both precious metals. Due to major risk aversion amid ongoing war between Russia-Ukraine and rising global energy and grains prices continue to fuel inflation. Know 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price for 4 March 2022, Friday. Know Views of India’s Big commodity experts like Ajay Kedia of Kedia Commodity, Manoj Jain of Prithvi Finmart and Anuj Gupta of IIFL Sec on gold and silver.
According to Suraj Chauhan, Director of Chandigarh Sarafa Association, today on March 4, 2022, the price of gold became costlier by Rs 200 per 10 grams and silver by Rs 200 per kg. At the same time, the price of gold became costlier by Rs 100 and silver by Rs 1000 in Dehradun. In Kasganj, the price of gold was Rs 52800 and the price of silver was Rs 68200 per kg.
According to the Lucknow Sarafa Association, the price of gold became costlier by Rs 300 in Lucknow today on March 4, 2022. The price of 24 carat gold was Rs 54500, the price of 22 carat was Rs 53000 and the price of 18 carat gold was Rs 48200. The price of silver stood at Rs 70000.
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 4 March 2022
23 carat gold price – Rs 51900
22 carat gold price- Rs 50300
20 carat gold price – Rs 46100
18 carat gold price – Rs 41700
14 carat gold price – Rs 32600
Gold Ginni Price – Rs.41400 per 8 grams
Silver Price 999.9)- Rs 69300/kg
Gold Price Today in Dehradun 4 March 2022
24 carat gold price – Rs 53400 per 10 grams
23 carat gold price – 51160
22 carat gold price – 48810
20 carat gold price – 44480
18 carat gold price – 40580
14 carat gold price- 32040
Gold Ginni – 41250
Silver Price – Rs 69000 per kg
Silver Coin Price – Rs 810 per piece
Investors are moving from riskier assets to safe haven assets once again. On data point, the Euro-zone January producer price index rose 30.6%, year-on-year, mostly due to rising energy prices. Aluminium, nickel, zinc and wheat all continue to rise, putting the Bloomberg Commodity Spot Index on course for its biggest weekly gain since 1960. OPEC+ maintains status-quo in its production and agreed to raise 4,00,000 barrels per day from April.
Higher oil demand, lower production and supply concerns from Russia send global oil prices to multi-year highs. Higher commodity and oil prices continue to fuel global inflation and support precious metals.
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Gold and silver gained amid safe haven demand and dovish stance of the U.S. Federal Reserve on the raising interest rates. Both precious metals gained in the international markets on Thursday. Gold April futures contract were settled at $1935.90 per troy ounce with a gain of 0.71% and silver May futures contract were settled at $25.21 per troy ounce with a gain of 0.09%.
Both precious metals were also settled on a positive note in the domestic markets. Gold April futures contract were settled at 51770 per 10 gram with a gain of 0.93% and silver May futures contract were settled at 67904 per one kilogram with a gain of 0.35%.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart said gold prices could test $1962 per troy ounce and silver could also test $25.80 per troy ounce levels. Gold is having support at $1922-1908 per troy ounce and resistance at $1948-1962 per troy ounce while silver is having support at $24.88-24.50 per troy ounce and resistance at $25.55-25.80 per troy ounce.
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Manoj Jain Said gold is having support at 51500-51350 and resistance at 52000-52280 and silver is having support at 67200-66600 and resistance at 68500-69200 levels. He suggest buying gold around 51500 with a stop loss below 51200 on a closing basis for the target of 52100 and silver around 67500 with a stop loss below 66800 on a closing basis for the target of 69200.
Ajay Kedia, Kedia Commodity, Daily Calls 4 March 2022
BUY GOLD 51500, SL 51100, TGT 52200
BUY SILVER 67600, SL 67000, TGT 68800
Anuj Gupta, IIFL Sec, Daily Commodity Calls- 4 March 2022
BUY Gold Apr at 51500 SL, 51000,TARGET 52400
BUY Silver May at 67500, SL 66500, TARGET 69000
BUY MCX COPPER Mar AT 810, SL 798 TARGET 830
Buy Crude oil Mar at 8200, Sl 7990, TARGET 8700
Buy USDINR FEB AT 75.90, SL 75.50 ,TARGET 76.50
Gold and Silver price of 3 March 2022
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 3 March 2022
23 carat gold price – Rs 51700
22 carat gold price- Rs 50000
20 carat gold price – Rs 45800
18 carat gold price – Rs 41600
14 carat gold price – Rs 32500
Gold Ginni Price – Rs.41300 per 8 grams
Silver Price 999.9)- Rs 69100/kg
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.