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 26 June 2023, Monday. 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 showed very high volatility and slipped second straight week amid further rate hike expectations from the U.S. Fed and 50 basis point rate hikes by the Bank of England. The U.S. Fed Chairman Jerome Powell’s said in its testimony last week that the inflation is still well above the Fed’s target rate of 2.0% and the U.S. Fed could continue its rate hike cycles to bring inflation down. Hawkish comments of the Fed Chairman pushed gold and silver prices lower. However, downbeat U.S. flash manufacturing and services PMI data supported precious metals at lower levels. The U.S. flash manufacturing PMI slipped to six month lows and services sector also shows slower growth in June month and supported gold and silver prices.
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Manoj Kumar Jain, Director, Prithvi Finmart
‘We expect gold and silver prices to remain volatile this week and downbeat U.S. data and fresh tensions in the Russia could support prices. Gold has support at $1914-1896, while resistance at $1944-1958 per troy ounce. Silver has support at $22.14-21.80, while resistance is at $22.74-23.00 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.We recommend buying around 23.50-40 for a target of 24.60-80.’
Gold LBMA Spot Geojit Daily Report 26 June 2023
Gold LBMA Spot: While prices stay below $1920 weak bias to continue the day. A direct turn above $1980 is a sign of reversal.
Silver LBMA Spot:Further selloffs are expected only a break of $22. If unable to break the same expect mild recovery upticks for the day.
Motilal Oswal Financial Services (MOFSL) Commodity Report 26 June 2023
Ajay Kedia Director Kedia Commodity Comex Gold Levels
GOLD$ – 1920.99
Resistance: 1933.8-1946.6-1958.3-1965.2
Support: 1909.4-1897.7-1884.9-1878
SILVER$ – 22.43
Resistance: 22.65-22.88-23.15-23.32
Support: 22.16-21.89-21.66-21.49
Rahul Kalantri, VP Commodities, Mehta Equities
‘Gold has support at $1912-1900 while resistance is at $1935-1944. Silver has support at $22.45-22.30, while resistance is at $22.90-23.10.
Data to Watch Today 26 June 2023 (India Time)
26th June 11:00 PM United States ECB President Lagarde Speaks – Medium
Gold Ratio
Gold Silver Ratio: 85.57
Gold Crude Ratio: 27.90
Gold London: Gold and Silver Fix
Gold London AM Fix($/oz): 1919.35
Gold London PM Fix($/oz): 1930.70
Silver London Fix($/oz): 22.34
ETF Holdings as on Previous Close
SPDR Gold: 929.70 (Long), -2.6 (Short)
iShares Silver: 14,612 (Long), 25.69 (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: 1929.60 Dollar (Close), 21.20 (Change)
Silver($/oz) JUL 23: 22.55 Dollar (Close), -0.35 (Change)
Nirmal Bang Securities Outlook For 26 June 2023
‘Gold and silver prices are trading higher on international bourses. We expect gold to trade higher for the day as geopolitical uncertainty increased following an attempted mutiny by Russian mercenary group Wagner, while investors weighed recessionary signals.’
SMC Global Securities Views on MCX Gold and Silver 26 June
Gold may trade in the range of 57900-58400, Silver also trades in the range of 67600-68300 where selling near resistance is advised. Gold prices edged higher in early Asian trade on Monday, helped by a weaker U.S. dollar, although chances of more interest rate hikes by the Federal Reserve this year to tame sticky inflation weighed on bullion’s appeal.
Daily Commodity Calls Nirmal Bang Securities 26 June 2023
SELL GOLD AUG (MCX) AT 58800 SL 59100 TARGET 58450/58300
BUY SILVER JULY (MCX) AT 68300 SL 67700 TARGET 69000/69500
Kedia Commodity MCX Gold, Silver Levels
MCXBULLDEX – 15655
Resistance: 15743-15832-15925
Support: 15561-15468-15379
GOLD – 58307
Resistance: 58666-59025-59310
Support: 58022-57737-57378
SILVER – 68083
Resistance: 68817-69550-70201
Support: 67433-66782-66049
Geojit Intraday Technical Outlook Gold and Silver 26 June 2023
MCX Gold: While below Rs 59000 weakness would continue the day. Break above Rs 60500 could negate the view.
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 58080-57770 and resistance at 58550-58800 while silver is having support at 67500-66850 and resistance at 68800-69400. We suggest buying gold on dips around 58100 with a stop loss of 57880 for the target of 58650.’
Anuj Gupta, VP, IIFL Securities
BUY MCX CRUDEOIL JULY AT 5650 SL 5500 TARGET 5850
BUY MCX GOLD AUG AT 58100 SL 57750 SL 58750
BUY MCX SILVER JULY AT 67800 SL 67250 TARGET 69000
BUY MCX COPPER JULY AT 710 SL 704 TARGET 725
BUY NIFTY AT 18600 SL 18500 TARGET 18800
BUY BANKNIFTY AT 43200 SL 42800 TARGET 43800 / 44000
BUY SENSEX AT 62600 SL 62200 TARGET 63200
SELL USDINR AT 82.10 SL 82.25Â TARGETÂ 81.70
Kedia Commodity Daily morning calls as on Tuesday, June 26, 2023
BUY GOLD AUG 2023 at 58150 SL 57950 TGT 58400-58600.MCX
BUY SILVER JUL 2023 at 67800 SL 67200 TGT 68600-69200.MCX
BUY CRUDEOIL JUL 2023 at 5650 SL 5550 TGT 5750-5850.MCX
BUY NAT GAS JUN 2023 at 215.00 SL 210.00 TGT 220.00-225.00.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 196.00 SL 194.00 TGT 199.00-202.00.MCX
BUY LEAD JUL 2023 at 183.00 SL 182.00 TGT 184.00-185.00.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 55800/10 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 71700 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.
