Wednesday, 10 June 2015

Daily Updates about Gold and Silver in Commodity Market

Spot gold prices rose by 0.23 percent to close at $1176.2/oz as European stock markets fell and commodities picked up across the board, but prices remained range bound as investors awaited clearer signals on the timing of an expected U.S. interest rate hike.

General strength in commodities also boosted gold, with benchmark Brent crude oil futures up 3.5 percent and copper prices also rising.

On the MCX, gold prices rose by 0.27 percent to close at Rs.26868/10 gms.

Spot silver prices rose by 0.2 percent to close at $15.9/oz in tandem with rise in gold prices. Weak dollar and strength in the base metals pack acted as a positive factor.

On the MCX, silver prices declined marginally by 0.01 percent to close at Rs.37417/kg.
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