Thursday, 19 February 2015

Market Research on Gold and Silver

Gold
Spot gold prices rose on Wednesday by 0.3 percent and closed at $1212.6/oz. Prices rebounded above a six-week low after minutes from the Federal Reserve's latest meeting showed policymakers were concerned about raising interest rates too soon.

On the MCX, gold prices declined by 0.31 percent and closed at Rs.26137/10 gms.

Silver
On Wednesday, spot silver prices declined by 0.1 percent and closed at $16.5/oz. The fall is in contrary to the rise in gold prices. Stronger dollar further exerted downside pressure on prices. On the MCX, silver prices declined by 0.26 percent and closed at Rs.36278/kg.

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