Gold Price Today, Gold News, Silver Price: Gold and silver prices showed very high volatility on Wednesday and prices recovered from their lows in the late evening session amid weakness in the dollar index and tensions between Russia-Ukraine. The dollar index slipped below 96 marks despite upbeat U.S. retail sales and core retail sales data. Check rates of gold and silver in various cities of India. Know 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price for 17 February 2022.
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 17 February 2022
23 carat gold price – Rs 49900 (Rs 200 Up)
22 carat gold price – Rs 48400
20 carat gold price – Rs 44200
18 carat gold price – Rs 40100
14 carat gold price – Rs 31400
Gold Ginni Price – Rs.39900per 8 grams
Silver Price 999.9)- Rs 65300/kg (Rs 200 Up)
The U.S. Federal Reserve released its January month monetary policy meeting minutes and highlights risk of rising inflation and needs tightening monetary policy. Gold and silver rose in support of hedge against inflation and weakness in the dollar. Uncertainty over Russia-Ukraine kept precious metals volatile throughout the session.
Russia said it is withdrawing more troops from the Ukrainian borders but NATO denies that Russian troops are not returned as claimed by Russia. The U.S. President Biden also said that Russia could invade Ukraine any time.
Gold and silver recovered from their lows due to weakness in the dollar and geo-political tensions. Both precious metals were settled on a positive note in the international markets. Gold April futures contract were settled at $1871.50 per troy ounce with a gain of 0.82% and silver March futures contract were settled at $23.60 per troy ounce with a gain of 1.13%.
Note: For Daily update on Gold and Silver price and market outlook COMEX, MCX and Spot write ‘Gold News Update’ and send it on Whatsapp no 8448469588
Despite strength in the rupee both precious metals also settled on a positive note in the domestic markets. Gold April futures contract were settled at 49618 per 10 gram with a gain of 0.47% and silver March futures contract were settled at 63299 per one kilogram with a gain of 0.49%.
IIFL Sec Says Gold Price may touch 1920 Dollar on COMEX, Know Why
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says looking at the uncertainty over Russia-Ukraine tensions and weakness in the dollar index, both precious metals remain volatile in Thursday’s session and expect to hold its support levels.
Jain Said Gold is having support at $1858-1845 per troy ounce and resistance at $1884-1896 per troy ounce while silver is having support at $23.30-23.10 per troy ounce and resistance at $23.88-24.10 per troy ounce.
Jain Said at mcx, gold is having support at 49400-49240 and resistance at 49850-50000 while silver is having support at 62900-62660 and resistance at 63800-64100 levels. He suggest buying silver on dips around 63000 with a stop loss of 62600 on a closing basis for the target of 64000. At COMEX gold prices is trading at 1870 Dollar Silver is trading at 23.45 Dolla in morning.
- Some key events this week:
- G-20 finance ministers, central bank governors meet, Thursday through Feb. 18
- Cleveland Fed President Loretta Mester, St. Louis Fed President James Bullard speak, Thursday
- U.S. Monetary Policy Forum: speakers including Fed officials Charles Evans, Christopher Waller and Lael Brainard, Friday
Ajay Kedia, Kedia Commodity, Daily Call -15 February 2022
Buy Gold April 2022 at 49500, Stop loss at 49250, Target 49750-49880 MCX
Buy Silver March 2022 at 63200, Stop loss at 62800, Target 63800-64200 MCX
Anuj Gupta, IIFL Sec, Daily Commodity Calls-14 February 2022
Buy Gold April at 49500, Stop loss 49150, Target 50300
Buy Silver March at 63200, Stop loss 62800, Target 63800-64200
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 16 February 2022
23 carat gold price – Rs 49700 (Rs 800 Down)
22 carat gold price – Rs 48100
20 carat gold price – Rs 44000
18 carat gold price – Rs 39800
14 carat gold price – Rs 31000
Gold Ginni Price – Rs.39500per 8 grams
Silver Price 999.9)- Rs 65100/kg (Rs1700 Down)
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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.
