US inflation data to impact gold, silver price today 9 February 2022, Check rates

gold and silver price update 9 feb 2022

24,22,18 carat gold price today, Silver Price today: Gold and silver extended its gain on Tuesday amid downbeat U.S. economic data. Both the precious metals gained in the international markets. Gold April futures contract were settled at $1827.90 per troy ounce with a gain of 0.33% and silver March futures contract were settled at $23.20 per troy ounce with a gain of 0.52%. Gold price today 9 February 2022. In Chandigarh gold is Rs 100 costlier and Silver price increased Rs 500 per kg.

Check today’s gold, silver rate on February 9, 2022 in major cities of the country
Mumbai Gold Price – 48510, Silver Price- 62500
Ahmedabad Gold Price 50250, Silver Price- 64200
Chennai Gold Price-50170, Silver Price 64200
Salem Gold Price-50200, Silver Price- 64100
Vijayawada Gold Price-50150, Silver Price- 64200
Nanded Gold Price 49730, Silver Price 64500
Nagpur Gold Price 50000, Silver Price 65000
Patna Gold Price 50100, Silver Price- 64200

Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 9 Feb 2022
23 carat gold price – Rs 48800 (Rs 100 Up)
22 carat gold price – Rs 47300
20 carat gold price – Rs 43300
18 carat gold price – Rs 39300
14 carat gold price – Rs 30700
Gold Ginni Price – Rs.39100/per 8 grams
Silver Price 999.9)- Rs 64600/kg (Rs 500 Up)

Gold Rate Today in Dehradun
24 carat gold price – 50000 rupees per 10 grams (50 rupees expensive)
23 carat gold price – 47900
22 carat gold price – 45700
20 carat gold price – 41650
18 carat gold price – 38000
14 carat gold price- 30000
Sone ki Ginni ka Bhav – 38630
Silver Price – Rs.65000 per kg (costly by Rs.1000)
Silver Coin Price – Rs 770 per piece

Both the precious metals were also settled on a positive note in the domestic markets. Gold April futures contract were settled at 48429 per 10 gram with a gain of 0.42% and silver March futures contract were settled at 62367 per one kilogram with a gain of 0.54%. Gold and silver extended its gain in the international markets on Tuesday after downbeat U.S. economic data.

The U.S. NFIB small business index showed a reading of 97.1 against previous months reading of 98.9, trade deficit rose to $80.7 billion from $80.2 billion and IBD/TIPP economic optimism reading shows 44.0 against expected reading of 47.2. Downbeat U.S. economic data supported both precious metals. Gold and silver also gained amid bargain buying and short coverings.

Manoj Jain, Director of Prithvi Finmart says the U.S. equity markets were mixed ahead of the inflation report and worried from the aggressive rate hikes by the U.S. Federal Reserve, historically interest rate hike and higher inflations are negative for equity markets and positive for precious metals. We expect both precious metals remain volatile in today’s session, if gold crossed $1833 per troy ounce could test $1845 per troy ounce levels and if silver crossed $23.30 per troy ounce could also test $23.70 per troy ounce levels.

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Jain said Gold is having support at $1818-1810 per troy ounce and resistance at $1834-1845 per troy ounce while silver is having support at $23.00-22.70 per troy ounce and resistance at $23.40-23.70 per troy ounce.

According to Jain at mcx, gold is having support at 48300-48100 and resistance at 48580-48700 and silver is having support at 62000-61660 and resistance at 62750-63100. We suggest buying gold on dips around 48250 with a stop loss of 48055 for the target of 48600 and silver around 62000 with a stop loss of 61660 on a closing basis for the target of 63000.

Anuj Gupta, IIFL Fin, Commodity Calls 9 Feb 2022

BUY Gold Apr at 48300 SL 48080 TARGET 48900
BUY silver MARCH at 62400 SL 61900 TARGET 63500
BUY MCX COPPER Feb AT 752 sl 747 target 760
Buy crude oil Feb at 6620 Sl 6540 target 6750

Ajay Kedia, Kedia Commodity Calls 9 Feb 2022

BUY GOLD Apr 2022 @48300 SL 48100 TGT 48560-48700. MCX
BUY SILVER Mar 2022 @62100 SL 61600 TGT 62650-62950. MCX

Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 8 Feb 2022
23 carat gold price – Rs 48700
22 carat gold price – Rs 47200
20 carat gold price – Rs 43200
18 carat gold price – Rs 39200
14 carat gold price – Rs 30600
Gold Ginni Price – Rs.39000/per 8 grams
Silver Price 999.9)- Rs 64100/kg

Silver price in 2022

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.