Tuesday, 7 April 2015

Gold and Silver Market News for Today

Spot gold prices rose by 1.04 percent on Monday to close at $1214.3/oz. Prices rose to seven week high climbing for the second straight session after U.S. jobs rose at the slowest pace in more than a year, fueling expectations the U.S. Federal Reserve could postpone an anticipated rate increase.

On the MCX, gold prices rose by 2.01 percent to close at Rs.27132/10 gms.

Spot silver prices rose by 1.6 percent on Monday to close at $17/oz. The rise is in tandem with rise in gold prices. Besides, weakness in the dollar index by 0.7 percent also acted as a positive factor for prices.

On the MCX, silver prices rose by 2.18 percent to close at Rs.38163/kg.

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