24,22,18 carat gold price today, Silver Price today: US inflation data will impact gold and silver price today. know 24, 22 carat gold, 18 carat gold rate and 14 carat gold price and silver price for 11 February 2022.
Hallmarked Gold Jewellery Price per 10 gm in Chandigarh 11 February 2022
23 carat gold price – Rs 49000
22 carat gold price – Rs 47500
20 carat gold price – Rs 43500
18 carat gold price – Rs 39500
14 carat gold price – Rs 30900
Gold Ginni Price – Rs.39300/per 8 grams
Silver Price 999.9)- Rs 64700/kg
Gold Rate Today in Dehradun 11 Feb 2022
24 carat gold price – Rs 50300 per 10 grams
23 carat gold price – 48190
22 carat gold price – 45970
20 carat gold price – 41900
18 carat gold price – 38230
14 carat gold price- 30180
Gold Ginni – 38860
Silver Price – Rs 65000 per kg
Silver Coin Price – Rs 770 per piece
Gold and silver extended its gain in early session but after the U.S. inflation hit a record 40 years high it gave-up early session gains. Both the precious metals were settled on a slightly positive note in the international markets.
Gold April futures contract were settled at $1837.40 per troy ounce with a gain of 0.04% and silver March futures contract were settled at $23.52 per troy ounce with a gain of 0.78%. Due to weakness in the rupee both precious metals were settled on a positive note in the domestic markets. Gold April futures settled at 48955 per 10 gram with a gain of 0.61% and silver March futures contracts settled at 63266 per one kilogram with a gain of 0.92%.
Gold and silver gained in early trading sessions amid fear of higher inflation. The U.S. inflation in the month of January rose by 0.6% against an expected increase of 0.4% while on yearly basis it was increased by 7.5% against an expected increase of 7.2%. The U.S. inflation hit its highest levels since February 1982.
Manoj Jain, Director of Prithvi Finmart says after hotter than expected inflation data one of the Federal Reserve members suggested aggressive interest rate hikes and suggested 100 basis point rate hikes by July 2022. Hawkish Federal Reserve member’s comment supported the dollar index and U.S. bond yields. The U.S. 10-year bond yields crossed the 2.0% mark on Thursday and triggered profit taking in both precious metals.
Gold, Silver Price 10 Feb 2022
Manoj Jain expect hawkish Federal Reserve’s remark on hotter than expected inflation and strength in the dollar and U.S. bond yield could pressure both precious metals in today’s session. Gold could test its support levels of $1810 per troy ounce and silver could also test $23.00 per troy ounce levels. Gold is having support at $1822-1810 per troy ounce and resistance at $1845-1858 per troy ounce while silver is having support at $23.30-22.88 per troy ounce and resistance at $23.80-24.00 per troy ounce.
Jain said MCX, gold is having support at 48800-48550 and resistance at 49050-49200 while silver is having support at 62800-62220 and resistance at 63660-64100. We suggest selling gold below 48900 with a stop loss of 49100 for the target of 48500 and silver below 63100 with a stop loss of 63660 on a closing basis for the target of 62000.
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Ajay Kedia, Kedia, Commodity Daily Calls 11 Feb 2022
SELL GOLD Apr 2022 @48950 SL 49100 TGT 48750-48550. MCX
SELL SILVER Mar 2022 @63200 SL 63600 TGT 62800-63500. MCX
Anuj Gupta, IIFL Fin, Daily Commodity Calls 11 Feb 2022
BUY Gold Apr at 48800 SL 48580 TARGET 49300
BUY silver MARCH at 62800 SL 62250 TARGET 64000
BUY MCX COPPER Feb AT 780 sl 772 target 790
Buy crude oil Feb at 6720 Sl 6640 target 6880
BUY USDINR FEB AT 74.80 SL 74.60 TARGET 75.30
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.