Thursday, 9 April 2015

Gold and Silver Market News for Today

Spot gold prices rose by 0.48 percent on Wednesday to close at $1202.4/oz. Prices dropped below $1200 mark after U.S. Federal Reserve minutes revealed an interest rate hike could take place as early as June, causing the dollar strengthen.

On the MCX, gold prices declined by 0.38 percent to close at Rs.26912/10 gms.

Spot silver prices declined by 2.1 percent to close at $16.5/oz. The fall is in tandem with fall in gold prices. Strengthening dollar further exerted downside pressure on prices.

On the MCX, silver prices declined by 1.93 percent to close at Rs.36958/kg.
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