Wednesday, 18 February 2015

Market Research on Gold and Silver

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.

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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