Thursday, 22 January 2015

Commodity Market Gold and Silver Updates

Gold
On Tuesday, spot gold prices traded higher by 1.32 percent to close at 1293.6/oz. Prices rose o a five-month high as uncertainty over the extent of a stimulus program the European Central Bank is expected to unveil on Thursday drove investors into assets seen as lower risk.

On the MCX, gold prices rose by 1.38 percent and closed at Rs.28085/10 gms.

Silver
Spot silver prices rose by 1.6 percent on Monday and closed at $17.9/oz. The rise is in tandem with gains in gold prices. Strength in the base metals pack also acted as a positive factor. On the MCX, silver prices rose by 1.27 percent and closed at Rs.39522/kg.

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