Wednesday, 28 January 2015

Gold and Silver News Update in Commodity Market

Spot gold prices rose by 0.88 percent on Tuesday to $1292.1/oz after two sessions of losses, as the dollar and shares eased ahead of a U.S. Federal Reserve policy meeting that may push back expectations for when U.S. interest rates will start to rise.

On the MCX, gold prices rose by 0.14 percent and closed at Rs.27902/10 gms.

Spot silver prices declined by 1.3 percent to close at $18/oz in contrary to the rise in gold prices. Weak base metals pack exerted downside pressure on silver prices.

On the MCX, silver prices declined by 1.09 percent and closed at Rs.39530/kg.
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