Tuesday, 9 June 2015

Daily Updates about Gold and Silver in Commodity Market

On Monday, spot gold prices rose marginally by 0.19 percent to close at $1173.5/oz on weak dollar and falling equities. Prices hovered near 11- week lows after Friday's jobs data fueled speculation that U.S. interest rates may rise in September.

On the MCX, gold prices rose by 0.9 percent to close at Rs.26795/10 gms.

Spot silver prices declined by 0.9 percent on Monday to close at $15.9/oz. The fall is in contrary to the rise in gold prices. Besides, weaker dollar and strong base metals pack did not provide any cushion to silver prices. 

On the MCX, silver prices declined by 0.46 percent to close at Rs.37422/kg.

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