Gold Rate today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 22 June 2022, Wednesday. 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.
Gold and silver showed mixed trend on Tuesday. Gold prices struggles after Richmond Fed President Thomas Barkin’s statements, he said that the U.S. Federal Reserve Chairman’s guidance that the U.S. Federal Reserve could raise interest rates between 50-75 basis points in its July meeting is reasonable. Next meeting of Federal Reserve is on 26 and 27 July 2022.
The U.S. Federal Reserve could deliver another bigger than expected rate hike to control inflation, the U.S. inflation is running at more than three times from the target rate of 2% with growing fears of recession. Aggressive interest rate hike plans of the U.S. Federal Reserve’s in its next policy meetings supported the U.S. dollar and restricted gains of precious metals.
Note: If you want Gold and Silver price news on your mobile write ‘Gold News Update’ and send it on whatsapp no +918448469588
However, silver prices recovered amid recovery in the industrial metals. Downbeat U.S. existing home sales numbers and higher than expected Canadian consumer inflation data also supported precious metals.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect both precious metals to remain volatile in today’s session ahead of the Federal Reserve Chairman’s testify and his comments on the interest rates, inflation and economy could give further directions.
Jain said gold is having support at $1828-1812 per troy ounce and resistance at $1850-1866 per troy ounce while silver is having support at $21.50-21.20 per troy ounce and resistance at $22.00-22.20 per troy ounce.
Follow Gold Price Today on Twitter
He said at MCX, gold is having support at 50600-50380 and resistance at 50880-51000 while silver is having support at 60700-60220 and resistance at 61660-62100. We suggest selling gold around 50850 with a stop loss of 51000 on a closing basis for the target of 50500.
Anuj Gupta, VP, IIFL Fin Sec, Daily Commodity Calls 22 June 2022
BUY Gold Aug at 50500, SL 50300, TARGET 51200
BUY silver july at 60700, SL 60000, TARGET 61700
Buy MCX COPPER June AT 735, SL 730, TARGET 745
SELL MCX Crude Oil june at 8650, SL 8820, TARGET 8350
Buy Nse USDINR June @ 78.00, SL 77.90, TARGET 78.30
Kedia Advisory, Daily Commodity Calls 22 June 2022
BUY GOLD AUG 2022 @ 50600 SL 50400 TGT 50900-51200.MCX
BUY SILVER JUL 2022 @ 60500 SL 60000 TGT 61200-61600.MCX
SELL CRUDEOIL JUL 2022 @ 8600 SL 8750 TGT 8400-8250.MCX
SELL NAT GAS JUN 2022 @ 555.00 SL 575.00 TGT 525.00-510.00.MCX
BUY COPPER JUN 2022 @ 732.00 SL 727.00 TGT 738.00-742.00.MCX
BUY ZINC JUN 2022 @ 306.00 SL 302.00 TGT 314.00-320.00.MCX
BUY ALUMINIUM JUN 2022 @ 214.00 SL 212.00 TGT 218.00-220.00.MCX
BUY LEAD JUN 2022 @ 184.00 SL 182.00 TGT 187.00-188.00.MCX
Join God Price Today Telegram Group for instant updates
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 21 June 2022 (Gold Price Today)
23 carat gold price – Rs 50700
22 carat gold price – Rs 49600
20 carat gold price – Rs 44800
18 carat gold price – Rs 40600
14 carat gold price – Rs 32200
Sone ki Ginni ka Bhav – Rs 40900/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 63300/per kg
Subscribe Gold Price Today Youtube Channel
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.
