Thursday, 21 May 2015

Daily Updates On Gold and Silver

Gold
Spot gold prices rose by 0.15 percent on Wednesday to close at $1209.2/oz as dollar pared its gains after U.S. Federal Reserve minutes showed policy makers believed it would be premature to raise interest rates in June.

On the MCX, gold prices declined marginally by 0.04 percent to close at Rs.27284/10 gms.

Silver
Spot silver prices rose by 0.2 percent on Wednesday to close at $17.1/oz in line with strength in gold prices. However, strength in dollar index coupled with weak base metals pack exerted downside pressure on prices.

On the MCX, silver prices declined marginally by 0.01 percent to close at Rs.39811/kg.

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