Wednesday, 18 February 2015

Market Research on Gold and Silver

Gold
Spot gold prices declined by 1.8 percent on Tuesday owing to signs that Greek banks will continue to get emergency funding despite a breakdown in debt talks between their government and euro zone partners.

On the MCX, gold prices declined by 1.82 percent and closed at Rs.26219/10 gms.

Silver
Spot silver prices declined by 4.1 percent on Tuesday to close at $16.5/oz. Fall in silver prices is in tandem with fall in gold prices. Weak base metals pack further acted as a negative factor.

On the MCX, silver prices declined by 4.6 percent and closed at Rs.36374/kg.

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