Thursday, 5 February 2015

Precious Metals Report on Commodity Market

Gold gained after surprising Swiss Central Bank’s decision to decouple the it’s currency against the Euro amidst concerns about rising currency struggle faced by major central banks globally.

Gold Comex contract for Apr expiry shut shop by 0.3% to $1264 per ounce. At MCX, Gold same months settlement added 0.4% to Rs 27400 per 10 Gms.

Silver was marginally higher by closing time with the commodity adding 0.4% to $17.40 per ounce. Silver in India too moved in similar passion though gains locally were marginally higher aided by Rupee.

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