Thursday, 16 April 2015

Live Gold Silver Rate in Commodity Market

Gold saw good amount of volatility though finally ended the week little changed near $1205 per ounce. Weaker US Jobs report reading in early April raised speculation that US Fed would remain pretty slow on interest rates, adding value for gold.

Comex Jun expiry gold added 0.75% to $1201 per ounce, just closing at its intraday resis zone.

Silver which is largely seen a lagging commodity as equated to Gold is expected to continue follow the broader direction placed by the former in the coming week as well.

Silver samne months settlement contract at MCX too added 0.7% to Rs 36580 per Kg.

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