Gold Rate today | Silver price | Gold | Silver | MCX Gold price | Comex Group: Gold Price, Silver price update for 12 April Wednesday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart, Market and Commodity Expert Sugandha Sachdeva, Ajay Kedia, 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 Group and MCX.
According to Manoj Kumar Jain Director of Commodity and Currency in Prithvi Finmart ‘ Comex gold and silver gained ahead of the U.S. CPI data and weakness in the dollar index. The dollar index slipped below 102 marks once again ahead of the U.S. CPI data and supported precious metals. The U.S. inflation is expected to cool off in March month and the Federal Reserve tone is expected to be less hawkish after releasing the data.’
Jain said ‘the U.S. CPI inflation is expected at 5.1% in the month of March on annual rate against previous reading of 6.0% in February month. The U.S. Fed also released its March policy meeting minutes later today and their comments on inflation and the economy could give further directions to the market. Overall trend of gold and silver is looking bullish and if the Fed gave a signal for pause in the interest rate hike cycle could fuel gold and silver again.’
Jain expect ‘gold and silver prices to remain volatile this week ahead of the U.S. inflation data and on Comex gold could hold its support level of $1984 per troy ounce and silver could also hold $24.50 per troy ounce levels. Gold has support at $2000-1984, while resistance at $2034-2045 per troy ounce. Silver has support at $24.84-24.55, while resistance is at $25.45-25.80 per troy ounce.
He said ‘at MCX, gold is having support at 60280-60060 and resistance at 60720-60950 while silver is having support at 74450-73900 and resistance at 75550-76200. We suggest buying gold on dips around 60250 with a stop loss of 60000 for the target of 60720 and also suggest buying silver on dips around 74500 with a stop loss of 73900 for the target of 75800.’
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 12 April 2023
Buy MCX GOLD JUNE AT 60500, SL 60200, TARGET 60850
Buy MCX Silver may 74000, SL 73400, TARGET 76000
Buy MCX COPPER APR AT 767, SL 760, TARGET 780
Buy MCX CRUDEOIL Apr AT 6550, SL 6450, TARGET 6850
Buy NCDEX CASTOR MAY AT 6280, SL 6240, TARGET 6370
Kedia Advisory, Daily morning calls as on Wednesday, 12 April 2023
BUY GOLD JUN 2023 at 60300, SL 60100, TGT 60550-60750.MCX
BUY SILVER MAY 2023 at 74500, SL 73800, TGT 75200-75800.MCX
BUY CRUDEOIL APR 2023 at 6620, SL 6540, TGT 6720-6780.MCX
BUY NAT GAS APR 2023 at 177.00, SL 172.00, TGT 183.00-188.00.MCX
BUY COPPER APR 2023 at 770.00, SL 765.00, TGT 776.00-780.00.MCX
BUY ZINC APR 2023 at 244.00, SL 241.00, TGT 248.00-250.00.MCX
BUY ALUMINIUM APR 2023 at 202.00, SL 199.00, TGT 205.00-207.00.MCX
BUY LEAD APR 2023 at 180.00, SL 179.00, TGT 181.00-182.00.MCX
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 11 April 2023 (Gold Price Today)
23 carat gold price – Rs 59000/10 gm
22 carat gold price – Rs 56600
20 carat gold price – Rs 51300
18 carat gold price – Rs 46400
14 carat gold price – Rs 36300
Sone ki Ginni ka Bhav – Rs 46800/ per 8 grams
Silver Price – 76100
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 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 in gold/silver.