Friday, 2 January 2015

Commodity Market Gold and Silver Daily Rates

On Wednesday, spot gold prices declined by 1.36 percent and closed at $1183.6/oz from weak oil prices and gains in the U.S. dollar. The year 2014 ended down a slight 2 percent after falling below $1,200 an ounce.

On the MCX, gold prices gained by 0.01 percent and closed at Rs.26699/10 gms.

Spot silver prices declined by 3.7 percent and closed at $15.7/oz. The fall was in tandem with falling gold prices. Strength in the dollar index coupled with weakness in the base metals pack exerted downside pressure on prices.

On the MCX, silver prices gained by 3.65 percent on Thursday and closed at Rs.36210/10 gms.
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