Tuesday, 24 March 2015

Gold and Silver Market News for Today

Gold commodity posted strong gains last week while also managed to cut back all of its losses in 2015 as sliding US Dollar support investment in yellow metal. Note, Bullion in week ending 13th March fell heavily as markets moved into the FED monetary policy on expectations that policy outcome would be hawkish.

Gold April contract at Comex advanced 0.25% to $1187 per ounce whereas in India MCX Gold for same months settlement gained just 0.1% to Rs 26340 per 10 Gms.

Silver moved higher following the major updates over US Dollar and tracking the movement in big brother Gold, as stated above.

Silver Comex May expiry was flat to $16.89 per ounce whereas MCX Silver too was almost unchanged at Rs 37780 per Kg.

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