Wednesday, 29 April 2015

Gold and Silver Report By Marketmagnify

Spot gold prices rose by 0.84 percent on Tuesday to close at $1211.6/oz after disappointing U.S. data led to the weakness in dollar and dampened expectations that the Federal Reserve will hint at this week's policy meeting at an interest rate hike in coming months.

On the MCX, gold prices rose by 0.4 percent to close at Rs.27190/10 gms.

Spot silver prices rose by 1.3 percent on Tuesday to close at $16.6/oz. Rise in gold prices, weak dollar and speculative buying lifted silver prices in yesterday’s trade.

On the MCX, silver prices rose by 1.02 percent and closed at Rs.37527/kg.

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