Monday, 8 June 2015

Daily Updates about Gold and Silver in Commodity Market

Gold
Spot gold prices traded lower last week initially buoyed by an unexpected stall in U.S. consumer spending and comments on interest rates from a Federal Reserve's official.

In the international markets, spot gold prices declined by 1.55 percent last week and closed at $1171.25/oz. On the MCX, gold prices declined by 1.14 percent last week and closed at Rs.26555/10 gms.

Silver
Last week, spot silver prices in the international markets traded lower in line with weakness in gold prices. Weakness in Copper prices acted as a negative factor for silver prices.

Spot silver prices in the international markets declined by 3.8 percent and closed at $16.06/oz. On the MCX, silver prices declined by 3.49 percent and closed at Rs.37010/kg.

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