Monday, 18 January 2016

Daily Commodity News on Gold and Silver By MarketMagnify

Daily Gold and Silver latest update only at

Gold
Last week, spot gold prices declined by 1.4 percent to close at $1088.7 per ounce Prices traded to a 1-1/2-week low on Thursday, pressured by a U.S. Federal Reserve president's comments about potentially rethinking further rate hikes, triggering technical sell signals while shrugging off a rebound from 12-year lows in oil prices. 

On the MCX, gold prices rose by 0.5 percent last week to close at Rs.26112 per 10 gms.

Silver
Last week, spot silver prices rose by 0.1 percent to close at $13.9 per ounce. Silver prices declined in tandem with fall in gold prices . Besides, all the base metals pack traded lower last week exerting downside pressure on silver.

On the MCX, silver prices rose by 0.7 percent last week to close at Rs.34054 per kg.


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