Wednesday, 25 February 2015

Get Gold and Silver Daily Updates By Marketmagnify

Spot gold prices traded lower by 0.2 percent yesterday after Federal Reserve Chairwoman Janet Yellen waxed positive about the economy’s performance, even as she appeared to temper any expectations of an imminent rate increase.

On the MCX, gold prices declined by 0.4 percent yesterday and closed at Rs.26059/10 gms.

Last week, spot silver prices in the international markets declined by 0.5 percent in line with weakness in gold prices. However, strength in the base metals pack coupled with weakness in the DX restricted sharp fall. Spot silver prices in the international markets fell by 0.5 percent and closed at $16.2/oz.

On the MCX, silver prices fell by 0.6 percent and closed at Rs.35974/kg.
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