Friday, 5 December 2014

Daily Gold Silver Rates in Commodity Market

Spot gold prices ended lower by 0.32 percent to $1205.3/oz after European Central Bank chief Mario Draghi said the bank would re-evaluate the case for more stimulus next year, but remained under pressure ahead of key U.S. data on Friday.

On the MCX, gold prices declined by 0.52 percent and closed at Rs.26636/10gms

Spot silver prices rose marginally by 0.1 percent to $16.4/oz in contrary to the fall in gold prices. Weakness in the dollar index coupled with strength in the base metals pack acted as a negative factor for prices.

On the MCX, silver prices rose by 0.62 percent and closed at Rs.37269/kg.
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