Gold Rate today | Silver price | Gold | Silver | MCX Gold price : Gold Price, Silver price update for 6 April Thursday. 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.
According to Manoj Kumar Jain Director of Commodity and Currency in Prithvi Finmart ‘Gold and silver showed mild profit taking on Thursday after hitting 12 month highs. Uptick in the dollar index and the U.S. bond yields restricted gains of precious metals. However, weaker than expected U.S. economic data and recession fears are supporting safe-haven demand for precious metals.
Jain said ‘the U.S. ISM services PMI data slipped to 51.2 in March against previous month’s reading of 55.1, the U.S. ADP non-farm employment data was also very disappointing and supported precious metals. JP Morgan chief Jamie Dimon said in a report issued on Tuesday that the banking crisis is not over in the U.S. and Europe. Economic uncertainty and recession fears continue to support precious metals.
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Jain expect ‘gold and silver prices to remain firm this week ahead of the U.S. non-farm employment data and gold could hold $2,000 per troy ounce and silver could also hold $24.00 per troy ounce levels. Gold has support at $2022-2010, while resistance at $2050-2072 per troy ounce. Silver has support at $24.70-24.34, while resistance is at $25.40-25.74 per troy ounce.’
Jain said at ‘MCX, gold is having support at 60550-60330 and resistance at 61000-61280 while silver is having support at 73800-73220 and resistance at 75100-75750. He suggest buying gold on dips around 60550 with a stop loss of 60280 for the target of 61100 and also suggest buying silver on dips around 74000 with a stop loss of 73350 for the target of 75500.’
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 6 April 2023
Buy MCX GOLD JUNE AT 60500, SL 60150, TARGET 61200
Buy MCX Silver may 73800, SL 73000,TARGET 75000
Buy MCX COPPER APR AT 760, SL 754, TARGET 772
Buy MCX CRUDEOIL Apr AT 6550, SL 6350, TARGET 6800
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 5 April 2023 (Gold Price Today)
23 carat gold price – Rs 60400/10 gm (Rs 800 Increase)
22 carat gold price – Rs 57900
20 carat gold price – Rs 52600
18 carat gold price – Rs 47500
14 carat gold price – Rs 37400
Sone ki Ginni ka Bhav – Rs 47800/ per 8 grams
Silver Price – 76600
Gold Rate in Mumbai (5 April 2023)
Gold 999- Rs 59715
Gold 995- Rs 59476
Gold 916- Rs 54699
Gold 750- Rs 44786
Gold Rs 585- Rs 34933
Silver 999- Rs 71700
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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 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.