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 9 June 2023, Friday. Know Views of India’s Big commodity experts like Manoj Jain, Prithvi Finmart, Sugandha Sachdeva Acme Investment Advisors, Ajay Kedia, Kedia Commodity and Anuj Gupta of IIFL Fin Sec, Nirmal Bang Securities, Kotak Securities, Motilal Oswal Financial Services 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.
Comex gold and silver jumped again after an increase in the U.S. unemployment claims and profit taking in the dollar index. The U.S. unemployment claims surged to 2,61,000 against expectations of 2,36,000 and prior claims are at 2,31,000. An unexpected increase in jobless claims pushed the dollar index lower and supported safe-haven demand for precious metals. Gold and silver also gained amid increased possibility of FED rate pause after U.S. unemployment claims surged to two year high. The dollar index slipped below 103.55 and the U.S. 10-year bond yields also slipped after increasing U.S. jobless claims.
Manoj Kumar Jain, Director, Prithvi Finmart 9 June 2023 Comex Gold and Silver Update
‘Comex gold prices are sustaining above $1950 per troy ounce and expected to test $2000 per troy ounce while silver gives breakout above $24 per troy ounce and likely to test $26 per troy ounce in the short term. We expect gold and silver prices to remain volatile in today’s session and could extend its gains. Gold has support at $1964-1950, while resistance at $1992-2008 per troy ounce. Silver has support at $24.00-23.80, while resistance is at $24.60-24.84 per troy ounce.’
Comex Gold and Silver Update by Nirmal Bang Securities 9 June 2023
‘Gold prices are supported at lower levels like 1950-60 and likely to bounce back to 2000 we are recommending to go long for a pullback till 2000-2010. Silver are supportive at lower levels of 23.60-50 and can bounce till 24.20-45. We are recommending to go long between 23.70-80 for the target of 24.20-30.
London Gold, Gold LBMA Spot Geojit Daily Report 9 June 2023
Gold LBMA Spot: If $1920 remains holds, there are chances of a recovery upticks. A direct drop of which would continue liquidation pressure.
Silver LBMA Spot: Consistent trades above $24.20 would lift prices higher. Else, choppy with corrective selling pressure is on the cards
Data to Watch Today 9 June 2023 (India Time)
No Data Watch
Gold Ratio
Gold Silver Ratio: 81.26
Gold Crude Ratio: 27.75
Gold London: Gold and Silver Fix
Gold London AM Fix($/oz): 1947.25
Gold London PM Fix($/oz): 1966.4
Silver London Fix($/oz): 23.67
ETF Holdings as on Previous Close
SPDR Gold: 938.11 (Long), -1.45 (Short)
iShares Silver: 14,550.83 (Long), 31.41 (Short)
Weekly CFTC Positions
Gold($/oz): 142504 (Long),34651 (Short), 34651(Net)
Silver: 40262 (Long), 29984 (Short), 10278 (Net)
COMEX Futures Watch (Last Close)
Gold($/oz) Aug 23: 1978.6 Dollar (Close), 20.10 Dollar (Change)
Silver($/oz) JUL 23: 24.35 Dollar (Close), 0.82 (Change)
Nirmal Bang Securities Outlook For 9 June 2023
‘Gold and silver prices are trading flat on international bourses. We expect prices to trade sideways to higher for the day prices as cautious traders await the U.S. Federal Reserve’s interest rate decision at its policy meeting next week, although a softer dollar will keep bullions supported.’
Daily Commodity Calls Nirmal Bang Securities 9 June 2023
BUY GOLD AUG (MCX) AT 59750 SL 59500 TARGET 60100/60350
BUY SILVER JULY (MCX) AT 73300 SL 72700 TARGET 74000/74500
Anuj Gupta, VP, IIFL Sec, Daily Commodity Calls 9 June 2023
BUY MCX GOLD JUNE AT 59700 SL 59450 TARGET 60300
Buy MCX Silver July 73200 SL 72650 TARGET 74500
Buy MCX COPPER JUNR AT 720 SL 714 TARGET 732
Buy MCX CRUDEOIL JUNE AT 5850 SL 5700 TARGET 6100
BUY NIFTY AT 18650 SL 18500 SL 18850
BUY BANKNIFTY AT 43750 SL 43400 TARGET 44200
BUY SENSEX AT 62400 SL 62000 TARGET 63200
Geojit Intraday Technical Outlook Gold and Silver 9 June 2023
MCX Gold: Prices remains congested inside Rs 59000-60500 levels and breaking any of the sides would suggest fresh directional moves.
MCX Silver: Consistent trades above Rs 73000 is required to take prices higher. Else, copy with negative bias expected the day.
Manoj Jain, Director, Prithvi Finmart
‘At MCX, gold is having support at 59660-59440 and resistance at 60060-60385 while silver is having support at 73100-72450 and resistance at 74200-74850. We suggest buying gold around 59750 with a stop loss of 59480 for the target of 60300 and also suggest buying silver on dips around 73100 with a stop loss of 72550 for the target of 74200.’
Kedia Commodity Daily morning calls as on Friday, June 9, 2023
BUY GOLD AUG 2023 at 59600, SL 59400 ,TGT 59900-60150.MCX
BUY SILVER JUL 2023 at 73000, SL 72200,TGT 73800-74400.MCX
SELL CRUDEOIL JUN 2023 at 5950, SL 6050, TGT 5850-5750.MCX
BUY NAT GAS JUN 2023 at 186.00, SL 181.00, TGT 193.00-198.00.MCX
BUY COPPER JUN 2023 at 720.00, SL 715.00, TGT 726.00-730.00.MCX
BUY ZINC JUN 2023 at 212.00, SL 209.00, TGT 215.00-218.00.MCX
BUY ALUMINIUM JUN 2023 at 203.00, SL 201.00, TGT 206.00-208.00.MCX
BUY LEAD JUN 2023 at 182.00, SL 181.00, TGT 183.00-184.00.MCX
Gold Price Today in Carats, fineness and Purity:
24 carat gold price today (Purity 999)- Rs 61700/10 Gram
22 carat gold price today (Purity 916) – Rs 57200/10 Gram
18 carat gold price today (Purity 750) – Rs 47000/10 Gram
14 carat gold price today (Purity 585) – Rs 37000/10 Gram
Silver Price Today (Purity 999) – Rs 75000 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.