Monday, 18 May 2015

Daily Updates On Gold and Silver

Gold prices supported as soft U.S. consumer sentiment data weighed on the dollar and further diminished expectations for a near-term rise in U.S. India, the world's biggest gold consumer, has imported 60 tonnes of the yellow metal so far in May, sources reported.

Gold trading range for the day is 27162-27630.

Silver gained tracking declining global equity markets following some soft economic data from the U.S. with the dollar continuing to trend lower. Holdings at ishares silver trust dropped by 0.42% i.e. 41.54 tonnes to 9925.92 tonnes from 9967.46 tonnes.

Silver trading range for the day is 39084-40482.
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