Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 12 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 very high volatility on Monday amid strength in the dollar index and the U.S. bond yields. Both precious metals were settled on a mixed note in the international markets. Gold and silver gained in early trading sessions on Monday amid weakness in global equity markets and inflation fears but prices slipped from their highs after the dollar index crossed 100 marks and the U.S. 10-year bond yields also crossed 2.80%.
The dollar index gained and crossed 100 marks and near to two year highs while the U.S. bond yields crossed 2.80% for the first time since January 2019. Gold prices also hit four-week high in early trading sessions but strong gains in the dollar trigger profit taking at higher levels. Crude oil also plunged and triggered profit taking in precious metals.
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Gold and silver prices are supported by global inflation fear, slower global growth prospects and lockdown in China. Gold is strongly holding $1900 per troy ounce levels and silver is also holding $24 per troy ounce levels. Anuj Gupta, VP in IIFL Sec says gold price on COMEX can touch 1980 Dollar level this week.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect both precious metals to remain volatile in today’s session ahead of the U.S. inflation data and continue to hold their support levels. Any decline in the prices would be a buying opportunity in both precious metals.
According to Jain gold is having support at $1934-1922 per troy ounce and resistance at $1960-1974 per troy ounce while silver is having support at $24.70-24.55 per troy ounce and resistance at $25.20-25.55 per troy ounce.
He says at MCX, gold is having support at 52000-51770 and resistance at 52480-52770 while silver is having support at 66900-66660 and resistance at 67700-68200. We suggest buying gold around 52080 with a stop loss of 51770 on a closing basis for the target of 52660 and silver around 67000 with a stop loss of 66500 on a closing basis for the target of 68200.
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Anuj Gupta, IIFL Sec, Daily Commodity Calls 12 April
Buy Gold June at 52000, Stop Loss 51650, Target 52600
Buy silver May at 67400, Stop Loss 66750, Target 69000
Sell MCX COPPER Apr AT 816, Stop Loss 822, Target 804
Sell Crude Oil Apr at 7350, Stop Loss 7610, Target 6950
Buy USDINR apr AT 75.90, Stop Loss 75.70, Target 76.30
Ajay Kedia, Kedia Commodity, Daily Commodity Calls 12 April
BUY GOLD Jun 2022 at 52000, Stop Loss 51850,Target 52350-52600. MCX
BUY SILVER May 2022 at 66800, Stop Loss 66300, Target 67500-67900. MCX
BUY CRUDEOIL Apr 2022 at 7150, Stop Loss 7000, Target 7280-7400. MCX
BUY ZINC Apr 2022 at 356, Stop Loss 352, Target 362-366. MCX
BUY USDINR Apr 2022 at 75.95, Stop Loss 75.7, Target 76.2-76.4. NSECD
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Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 11 April 2022 (Gold Price Today)
23 carat gold price – 51800 rupees
22 carat gold price – Rs 50800
20 carat gold price – Rs 45900
18 carat gold price – Rs 41800
14 carat gold price – Rs 33200
Sone ki Ginni ka Bhav – Rs 41900/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 69200/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.