Friday, 16 January 2015

Gold and Silver Related News for Today

Gold Comex was higher by over 2.5%. In major cues, US Jobs data and comments from ECB President raised questions over monetary policy stance coming out of their respective monetary policy members in near-term thus supporting optimism in yellow metal.

MCX gold for same month’s settlement gained at a bit lesser rate of 1% to Rs 27500 per 10 Gms. 

Silver too scaled higher post the developments from Swiss central bank though gains in the commodity was moderate as bearish bias in industrial metals weighed.

Silver March Comex contract added MCX Silver for March expiry contract added 0.65% to $17.10 per ounce whereas locally MCX Silver was almost flat at Rs 37922 per Kg.

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