Thursday, 26 March 2015

Gold and Silver Market News for Today

Gold
Spot gold prices rose by 0.21 percent on Wednesday to close at $1195.3/oz. Prices hit 2 and half week highs, rising for sixth consecutive session as upbeat German sentiment data helped drive the euro higher against the dollar, and as expectations for an imminent U.S. interest rate rise receded.

On the MCX, gold prices rose by 0.5 percent and closed at Rs.26483/10 gms.

Silver
Spot silver was up by 0.3 percent on Wednesday at $16.9 an ounce after rising to a five-week high at $17.11. The gain in silver is in tandem with rise in gold prices. Weak dollar further acted as a positive factor.

On the MCX, silver prices rose by 0.44 percent and closed at Rs.38158/kg.

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