Friday, 10 April 2015

Gold and Silver Market News for Today

Gold
Spot gold prices declined by 0.66 percent on Thursday to close at $1194.5/oz. Prices declined for continuos three sessions in a row on strengthening dollar after comments from U.S. Federal Reserve officials kept alive expectations for an interest rate rise sometime this year despite recent weak economic data.

On the MCX, gold prices declined by 0.87 percent to close at Rs.26678/10 gms.

Silver
Spot silver prices declined by 2.1 percent on Thursday to close at $16.1/oz. Prices declined in tandem with fall in gold prices. Strengthening dollar further exerted downside pressure on prices.

On the MCX, silver prices declined by 1.83 percent to close at Rs.36283/kg

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