Gold price today, Silver price, COMEX, MCX Gold price: Gold, Silver price update for 27 April 2022, Wednesday. 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 Tuesday amid volatility in the dollar index and global equities. Both precious metals were settled on a mixed note in the international markets. Gold June futures contract were settled at $1904.10 per troy ounce with a gain of 0.43% while silver May futures contract were settled at $23.54 per troy ounce with a loss of 0.52%. Both precious metals were also settled on a mixed note in the domestic markets.
Gold and silver gained in the early trading session on Tuesday amid Chinese stimulus talks and weakness in global equity markets but prices slipped again from their highs after better than expected U.S. durable goods orders and core durable goods orders data. Prices also slipped amid strong gains in the dollar index.
However, weakness in the U.S. bond yields; prolonged lockdowns in China and possible drawdown in global economic growth are supporting precious metals. Gold prices recovered from nine week lows hit on Monday and crossed $1900 per troy ounce levels once again but silver is struggling being an industrial metal and demand concerns from China.
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Coronavirus cases in China are rapidly increasing and Shanghai major port city of China enters into fourth week of lockdowns. Some districts of capital city Beijing were also goes for lockdown after increasing covid-19 cases. Global equity markets plunged again due to Chinese shock and Russia-Ukraine crisis. The dollar index crossed 102 marks and restricting gains of global commodities.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart expect gold and silver prices to remain volatile in today’s session and gold could hold its support level of $1884 and silver could also hold $23 per troy ounce levels. Gold is having support at $1896-1884 and resistance at $1914-1922 per troy ounce while silver is having support at $23.30-23.00 per troy ounce and resistance at $23.80-24.00 per troy ounce.
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He says at MCX, gold is having support at 51440-51280 and resistance at 51720-51880 while silver is having support at 64660-64200 and resistance at 65300-65700. We suggest buying gold around 51480 with a stop loss of 51330 on a daily closing basis for the target of 51800.
Anuj Gupta, IIFL Sec, Daily Commodity Calls 27 April 2022
Buy Gold June at 51300, SL 51050, TARGET 51800
Buy Silver May at 64600, SL 63900, TARGET 65500
Sell MCX Copper May AT 795, SL 803, TARGET 785
Sell Crude Oil May at 8020, SL 8270, TARGET 7650
Sell USDINR Apr AT 76.70, SL 76.90, TARGET 76.20
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 26 April 2022 (Gold Price Today)
23 carat gold price – Rs 51500
22 carat gold price – Rs 50400
20 carat gold price – Rs 45600
18 carat gold price – Rs 41300
14 carat gold price – Rs 32700
Sone ki Ginni ka Bhav – Rs 41500/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 68000/per kg
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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.
