Gold Rate today | Silver price | Gold | Silver | MCX Gold price |: Gold and Silver price update for 15 March, 2023 Wednesday. Check 24, 22 carat gold, 18 carat gold rate, 14 carat gold price and silver price in various cities of India. Know outlook on gold and silver by India’s Big commodity experts like Manoj Jain, Prithvi Finmart and Anuj Gupta of IIFL Sec on gold and silver.
Manoj Jain, Director of Commodity and Currency in Prithvi Finmart says gold and silver were traded in a range on Tuesday after U.S. inflation data came as per market expectations. The U.S. CPI in February month fell to 6.0% on yearly basis against it was at 6.4% in January month. According to Jain on Comex Gold has support at $1900-1884, while resistance at $1922-1934 per troy ounce. Silver has support at $21.80-21.55, while resistance is at $22.30-22.66 per troy ounce.
The U.S. core CPI number is also inline market expectations and came at 5.5% on yearly basis. The U.S. equity markets also recovered after heavy sell-off in the previous session. The dollar index traded steady but the U.S. 10-year bond yields recovered from previous session lows. After U.S. CPI data came as per market expectations the U.S. Fed could be less hawkish in its upcoming policy meeting and there is a possibility of 25 basis point rate hikes in this policy meeting.
Jain said today’s U.S. retail sales and core retail sales data would be more directional for the U.S. Fed. Gold shows some profit taking after U.S. CPI data but silver hits three week highs. We expect gold and silver to remain volatile in today’s session and some routine profit taking is expected but the overall long-term trend is still bullish for precious metals.
Jain said at MCX, gold is having support at 57250-57000 and resistance at 57700-57880 while silver is having support at 66350-65800 and resistance at 67400-68000. He suggest selling in the gold around 57600 with a stop loss of 57770 for the target of 57250.
Anuj Gupta, IIFL Fin Sec, Daily Commodity Calls 15 March 2023
BUY MCX GOLD APR AT 57200 SL 57000 TARGET 57750
Buy MCX Silver may 66300 SL 65700 TARGET 67300
Buy MCX COPPER AT 753 SL 747 TARGET 763
Sell MCX CRUDEOIL MAR AT 6050 SL 6150 TARGET 5850
Kedia Advisory Daily morning calls as on Wednesday, March 15, 2023
BUY GOLD APR 2023 at 57250, SL 56950, TGT 57550-57750.MCX
BUY SILVER MAY 2023 at 66200, SL 65500, TGT 67000-67800.MCX
SELL CRUDEOIL MAR 2023 at 6100, SL 6200, TGT 6000-5920.MCX
BUY NAT GAS MAR 2023 at 206.00, SL 202.00, TGT 212.00-216.00.MCX
SELL COPPER MAR 2023 at 760.00, SL 765.00, TGT 755.00-750.00.MCX
SELL ZINC MAR 2023 at 262.00, SL 265.00, TGT 258.00-256.00.MCX
SELL ALUMINIUM MAR 2023 at 209.00, SL 212.00, TGT 205.00-202.00.MCX
BUY LEAD MAR 2023 at 181.00, SL 180.00, TGT 182.00-183.00.MCX
Gold Hallmarked Jewelery Rate per 10 gm in Chandigarh 14 March 2023 (Gold Price Today)
23 carat gold price – Rs 57200/10 gm (Rs 900 Up)
22 carat gold price – Rs 54800/10 gm
20 carat gold price – Rs 49800/10 gm
18 carat gold price – Rs 45000
14 carat gold price – Rs 35400
Sone ki Ginni ka Bhav – Rs 45300/ per 8 grams
Silver Price (Silver Price 999.9) – Rs 68300/per kg (Rs 3400 Up)
Gold Rate Today in Dehradun (14 March 2023) (Sarafa Mandal Dehradun)
24 carat gold price (24 carat gold price) – Rs 59250 per 10 grams
23 carat gold price (958 Hallmark gold price) – 56760
22 carat gold price (916 Hallmark gold price) – 55170
20 carat gold price (833 Hallmark gold price) – 49360
18 carat gold price (750 Hallmark gold price) – 45030
14 carat gold price (583 Hallmark gold price) – 35550
Price of gold ginni (Sone ki Ginni ka Bhav 8 gram 916 Hallmark) – 45770
Silver Price – Rs 68000 per kg
Silver Coin Hallmarked – Rs 800 per piece
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.
