Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 5 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 showed mixed trend on Monday, as gold prices recovered again amid inflation fears. Due to strength in the rupee, both precious metals were settled on a weaker note in the domestic markets. Gold and silver dips in the early trading session on Monday amid strength in the dollar and gains in the global equity market but after recovery in crude oil prices gold also recovered in the later evening sessions.
Crude oil prices jumped again amid talks of more economic sanctions including oil and gas on Russia by the U.S. and European countries. Death of a civilian in the Ukraine increased pressures on European countries to impose more sanctions on Russia including banning imports of oil and gas. Crude oil prices jumped more than 3% on Monday and supported gold prices.
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According to Manoj Jain, Director of Commodity and Currency in Prithvi Finmart If the European countries ban Russian oil and gas could support crude oil prices in the international markets and inflation fears could also support precious metals. After the civilian’s death at Bucha near Kyiv faded progress in peace talks between Russia-Ukraine. Market is also focusing on inflation and global economic activities.
Manoj Jain expect global inflation fears could continue to support precious metals. Gold is expected to hold $1900 per troy ounce and silver could also hold $24 per troy ounce levels in the international markets.
According to Jain gold is having support at $1922-1910 per troy ounce and resistance at $1945-1958 per troy ounce while silver is having support at $24.20-24.00 per troy ounce and resistance at $24.88-25.10 per troy ounce.
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At MCX, gold is having support at 51330-51100 and resistance at 51740-51880 while silver is having support at 65900-65550 and resistance at 66660-67100. He suggest buying gold around 51400 with a stop loss of 51220 on a closing basis for the target of 51800
Anuj Gupta, IIFL Sec, Daily Commodity Calls 5 April
Sell Gold Apr at 51900, Stop Loss 52250, Target 51300
Sell Silver May at 67300, Stop Loss 6810, Target 66000
Sell MCX COPPER Apr AT 822, Stop Loss 827, Target 810
Sell crude oil Apr at 7750, Stop Loss 8050, Target 7200
Sell USDINR Apr AT 76.20, Stop Loss76.40, Target 75.70
Ajay Kedia, Kedia Commodity, Daily Commodity Calls 5 April
BUY GOLD June 2022 At 51350, Stop Loss 51100, Target 51600-51800. MCX
BUY SILVER May 2022 At 66000, Stop Loss 65500, Target 66800-67500. MCX
BUY CRUDEOIL Apr 2022 At 7700, Stop Loss 7580, Target 7820-7950. MCX
BUY COPPER Apr 2022 At 819, Stop Loss 814, Target 826-830. MCX
BUY USDINR Apr 2022 At 75.6, Stop Loss 75.35, Target 75.85-76.1. NSECD
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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 4 April 2022 (Gold Price Today)
23 carat gold price – 50900 rupees (100 rupees expensive)
22 carat gold price – Rs 49900
20 carat gold price – Rs 45000
18 carat gold price – Rs 40700
14 carat gold price – Rs 32300
Sone ki Ginni ka Bhav – Rs 41000/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 68500/per 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.
