Gold Rate today | What is Silver price | Gold | Silver | MCX Gold price | Comex Group | Comex Group Gold Price | London Spot | Federal Reserve Meeting: Gold Price, Silver price update for 13 June 2023, Tuesday. 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 plunged ahead of the U.S. inflation data and FOMC meeting outcomes. The U.S. 10-year bond yields also gained and U.S. and European equity markets were also firm ahead of the FOMC meeting and eased safe-haven demand for precious metals. Market is cautious ahead of the FED meeting outcomes as majority of market participants are expecting pause in the FED rates but last week’s increase of interest rates by the Bank of Canada and Reserve Bank of Australia turned traders and investors cautious. However, the dollar index slipped again and supported precious metals at lower levels.
Manoj Kumar Jain, Director, Prithvi Finmart 13 June 2023 Comex Gold and Silver Update
‘We expect gold and silver could hold their key support levels of $1934 per troy ounce and $23.50 per troy ounce respectively this week and prices remain highly volatile amid FOMC meeting outcomes and volatility in the dollar index. Gold has support at $1955-1944, while resistance at $1978-1992 per troy ounce. Silver has support at $23.84-23.55, while resistance is at $24.35-24.66 per troy ounce.’
Comex Gold and Silver Update by Nirmal Bang Securities 13 June 2023
‘Gold prices are supported at lower levels like 1940-44 and likely to test 1970-90. We are recommending to buy on dips around 1955-50 for a target of 1970-80.We recommend buying around 23.50-40 for a target of 24.60-80.’
London Gold, Gold LBMA Spot Geojit Daily Report 13 June 2023
Gold LBMA Spot: Prices may appear firmer if trades break and sustain above USD 2000 region. Weakness is expected if prices slip below the support of USD1940
Motilal Oswal Financial Services (MOFSL) Commodity Report 13 June 2023
Data to Watch Today 13 June 2023 (India Time)
13th June 06:00 PM United States CPI m/m (Impact on gold, silver prices- High)
13th June 06:00 PM United States CPI y/y (Impact on gold, silver prices- High)
13th June 06:00 PM United States Core CPI m/m (Impact on gold, silver prices- High)
Gold Ratio
Gold Silver Ratio: 81.87
Gold Crude Ratio: 29.35
Gold London: Gold and Silver Fix
Gold London AM Fix($/oz): 1964.15
Gold London PM Fix($/oz): 1952.90
Silver London Fix($/oz): 24.21
ETF Holdings as on Previous Close
SPDR Gold: 931.76 (Long), -2.89 (Short)
iShares Silver: 14,533.69 (Long), 00 (Short)
Weekly CFTC Positions
Gold($/oz): 141286(Long), 27121 (Short),114165 (Net)
Silver: 38687 (Long), 27187 (Short), 11500 (Net)
COMEX Futures Watch (Last Close)
Gold($/oz) Aug 23: 1969.70 Dollar (Close), -7.5 Dollar (Change)
Silver($/oz) JUL 23: 24.06 Dollar (Close), -0.35 (Change)
Nirmal Bang Securities Outlook For 13 June 2023
‘Gold and silver prices are higher on international bourses ahead of the Federal Reserve meeting this week at which policymakers are expected to pause interest-rate increases to take stock of banking sector strains. We expect precious
metals prices to trade sideways to lower for the day’
Daily Commodity Calls Nirmal Bang Securities 13 June 2023
BUY GOLD AUG (MCX) AT 59650 SL 59400 TARGET 59900/60100
BUY SILVER JULY (MCX) AT 72800 SL 72200 TARGET 73750/74000
Anuj Gupta, VP, IIFL Sec, Daily Commodity Calls 13 June 2023
SELL MCX CRUDEOIL JUNE AT 5700 SL 5850 TARGET 5400
BUY MCX GOLD AUG AT 59400 SL 59200 SL 59900
BUY MCX SILVER JULY AT 72400 SL 71800 TARGET 73400
BUY MCX COPPER JUNE AT 712 SL 707 TARGET 724
BUY NIFTY AT 18550 SL 18450 TARGET 18800
BUY BANKNIFTY AT 43750 SL 43400 TARGET 44200.
BUY SENSEX AT 62400 SL 62000 TARGET 63200
Geojit Intraday Technical Outlook Gold and Silver 13 June 2023
MCX Gold: Extended gains above Rs.60100 region would strengthen the prices further. Weakness may be seen below 59400 region.
Manoj Jain, Director, Prithvi Finmart
‘At MCX, gold is having support at 59440-59280 and resistance at 59800-59950 while silver is having support at 72550-72100 and resistance at 73350-73800. We suggest buying gold on dips around 59500 with a stop loss of 59280 for the target of 59900.’
Kedia Commodity Daily morning calls as on Friday, June 13, 2023
BUY GOLD AUG 2023 at 59400 SL 59100 TGT 59750-59900.MCX
BUY SILVER JUL 2023 at 72500 SL 71800 TGT 73400-74000.MCX
BUY CRUDEOIL JUN 2023 at 5500 SL 5400 TGT 5600-5700.MCX
BUY NAT GAS JUN 2023 at 182.00 SL 177.00 TGT 189.00-193.00.MCX
BUY COPPER JUN 2023 at 715.00 SL 710.00 TGT 720.00-724.00.MCX
BUY ZINC JUN 2023 at 210.00 SL 208.00 TGT 213.00-215.00.MCX
BUY ALUMINIUM JUN 2023 at 202.00 SL 200.00 TGT 204.00-206.00.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 59500/10 Gram
22 carat gold price today (Purity 916) – Rs 57000/10 Gram
18 carat gold price today (Purity 750) – Rs 46900/10 Gram
14 carat gold price today (Purity 585) – Rs 36800/10 Gram
Silver Price Today (Purity 999) – Rs 75500 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.