Monday, 16 February 2015

Market Research on Gold and Silver

Gold
Spot gold prices traded lower for most of the last week with prices making a low of $1216.45 and high of $1245.80. Rise in the dollar offset the supportive impact of concerns over Greece's future in the euro zone and fears over escalating violence in Ukraine, which hurt risk appetite.

Gold prices declined by 0.33 percent last week and closed at $1229.2/oz. On the MCX, gold prices declined by 0.41 percent last week and closed at Rs.26691/10 gms.



Silver
Last week, spot silver prices in the international markets rose in contrary to the fall in gold prices. Strength in the dollar index and weakness in Nickel prices could not stop the rally in silver prices.

Spot silver prices in the international markets rose by 3.59 percent and closed at $17.29/oz. On the MCX, silver prices rose by 3.19 percent and closed at Rs.38204/kg.


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